For example, if the buyer will pay for the item over time or if the seller is providing a warranty, a sales contract may be needed to outline the terms of the payment arrangement or of the guarantee. The form can also be used by the buyer to provide proof of ownership, which may be necessary when registering the vehicle or buying insurance.Ī BoS is different from a sales agreement or sales contract, which may be necessary when the transaction is more complicated than a product simply changing hands. ![]() The purpose of creating a BoS is so the buyer and seller both understand the terms of the sale, such as how much money is changing hands and what property is being transferred. It is not appropriate to use this type of form when selling services, as a service agreement should be used instead in these situations. This type of document is typically used when the ownership of any kind of vehicle changes hands including:Ī BoS form can also be used for other goods besides vehicles as well, such as for electronics, personal property, firearms or animals. A vehicle bill of sale is a form or document that formalizes the transfer of ownership from a seller to a buyer.
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