It includes the agreed sale price and payment terms, ensuring that both parties have a mutual understanding of the financial aspects of the transaction. Additionally, it outlines any warranties or stipulates that the vehicle is sold “as-is,” which helps prevent future disputes over the vehicle’s condition. Both parties must sign and date the document, and in some cases, a notary or witnesses may also be required to verify the authenticity of the signatures. By capturing all pertinent details, a generic Auto Bill of Sale protects both the buyer and the seller, providing legal clarity and facilitating a smooth transfer of ownership., Have you previously filed an application for title of this vehicle?, A motor vehicle bill of sale is between a buyer and a seller of a car, truck, or motorcycle. It is signed as the last step in the sales process after both parties have received possession of the exchange. After signing, the buyer must keep an original copy of the bill of sale and certificate of title to register the vehicle with their local DMV office..