Individuals can then use the document for both parties’ record-keeping purposes, tax purposes and future ownership disputes.Įvery state has its laws when it comes to bills of sale. One can also use it to prove that a deal has occurred and that all parties agree on the terms of the transaction. Why Do You Need a Bill of Sale for a Trailer?Ī trailer bill of sale is a legal document that transfers ownership from one party to another.
For example, if you buy a used trailer from a private seller, you will receive a bill of sale as proof that you are now the legal owner.Ī BOS is especially useful when the seller or buyer may need to prove that a sale took place or that payment has been made for a particular item.īills of sale are also sometimes referred to as sales invoices. A bill of sale is a document that transfers ownership of goods from one person to another.
