BILL OF SALE (AUTOMOBILE) STATE OF _________________ COUNTY OF _______________ BE IT KNOWN, that in consideration of the mutual promises and other

valuable consideration exchanged by the parties as set forth herein, _____________________________ [Name of Seller] (the Seller), of ________________________________________________ [Sellers Street Address], county of ________________, state of ________________ hereby sells and transfers to _____________________________________________[Name of Buyer], (the Buyer), of ___________________________________________________________ [Buyer's Street Address], county of ________________, state of ________________________, and its heirs, executors, administrators, successors, and assigns forever, the followingdescribed motor vehicle (the Vehicle):
Location (county, state): Make: Model: Body Type: Year: Vehicle I.D. No. (VIN):

1. PURCHASE PRICE. The total purchase price to be paid by the Buyer to the Seller for the Vehicle is $_____________ (the Purchase Price), which will consist of the following components: (a) A down payment of $ ________________, which must be delivered to the Seller on or before the date of this bill of sale; (b) An additional payment of $_________________, which is due at the delivery of the Vehicle to the Buyer; and (c) A balance of $________________, which balance shall be financed by the Seller pursuant to a promissory note of even date herewith (the Note).

Bill of Sale; Promissory Note (Automobile)

2. SELLERS REPRESENTATIONS AND WARRANTIES. As a material inducement to the Buyer to enter into this agreement, the Seller represents and warrants to the Buyer that: (a) the Seller has good and marketable title to the Vehicle, with the full legal right and authority to enter into the transactions contemplated hereby and to sell, transfer, and convey the Vehicle in accordance with the terms hereof; (b) the Vehicle is free of all liens, encumbrances, liabilities, and adverse claims of every nature and description whatsoever; (c) the Seller will fully defend, protect, indemnify, and hold harmless the Buyer from any adverse claim to the Vehicle; and (d) to the best of the Sellers knowledge, the information and facts disclosed herein with regard to the Vehicle and its title are true and correct in all material respects. 3. BUYERS REPRESENTATIONS AND WARRANTIES. The individual signing this agreement on behalf of the Buyer hereby represents to the Seller that he or she has the power and authority to do so on behalf of the Buyer. 4. NO OTHER WARRANTIES. Other than the Sellers warranty of ownership described in Section 2, the Seller hereby notifies the Buyer, and the Buyer acknowledges and agrees, that the Vehicle is being sold as is, without warranty of any kind, whether express or implied, regarding the condition of the Vehicle. The Buyer must satisfy itself as to what is offered for sale, and by purchasing will be held to have satisfied itself that the Vehicle is satisfactory in all respects. Any defects and all repairs are the sole responsibility of the Buyer. The Seller neither assumes, nor authorizes any other person or entity to assume on its behalf, any liability in connection with the sale of the Vehicle. The Seller's disclaimers of warranty do not affect the terms or applicability of any warranty from the Vehicles manufacturer that may be applicable to the Vehicle. 5. INSPECTION. The Vehicle has [not] been inspected by an independent and licensed mechanic within the last month. [A copy of that inspection report is attached and is incorporated as a part of this bill of sale.] To the best of its knowledge, the Seller believes that the Vehicle is being sold in good operating condition [, except for the following defects:
Bill of Sale; Promissory Note (Automobile)

]. 6. DELIVERY OF VEHICLE. The Seller shall deliver the Vehicle, and the Buyer will take possession of the Vehicle, at the Sellers address as listed above, on or before _________________ [Date] (the Delivery Date). If the delivery will be made after the date this bill of sale was signed, the Seller must ensure that the Vehicle is delivered in the same condition as the Buyers last inspection (or, if no inspection was conducted, as of the date this bill of sale was signed). The Buyer, either itself or through a third-party, shall appear at the Sellers address during standard business hours on or before the Delivery Date to remove the Vehicle from the Sellers address. However, if the Buyer fails to appear at the Sellers address on or before the Delivery Date to remove the Vehicle, the risk of loss of the Vehicle passes to the Buyer on the Delivery Date. 7. CONVEYANCE OF TITLE. The Seller shall convey title to the Vehicle to the Buyer on delivery of that Vehicle to the Buyer. The Seller hereby agrees and covenants to execute all documents presented by Buyer that are necessary to finalize transfer of title and registration of the Vehicle to the Buyer. 8. CANCELLATION OF INSURANCE AND TAGS. Unless prohibited by applicable law, the Buyer hereby acknowledges that it will cancel any insurance coverage, license, tags, plates, or registration maintained by the Seller on the Vehicle when the Vehicle is delivered and accepted by the Buyer. 9. (Optional) ADDITIONAL TERMS OF SALE. The Seller and the Buyer hereby agree to the following additional terms:

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Bill of Sale; Promissory Note (Automobile)

Signed and made effective this ___________ day of ______________, 20____.

Seller: Buyer:

________________________ Signature ________________________ Printed Name ________________________ Phone Number

________________________ Signature ________________________ Printed Name ________________________ Phone Number

Witnessed by:________________________________________ Date: ________________ Name: Address:

Bill of Sale; Promissory Note (Automobile)

ODOMETER DISCLOSURE STATEMENT Federal law (and state law, if applicable) requires that you state the mileage on transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment. The Seller hereby discloses to the Buyer that at the time of the transfer, the odometer read _______________ miles. To the best of the Sellers knowledge, that odometer reading reflects the actual mileage of the Vehicle, unless one of the following statements is checked: ______ The odometer reading reflects the amount of mileage in excess of its mechanical limits. ______ I hereby certify that the odometer reading is NOT the actual mileage. WARNING: ODOMETER DISCREPANCY
Make: Model: Body Type: Year: Vehicle I.D. No. (VIN):

Sellers Information: Name: _______________________________ Address: _____________________________ City: ________________________________ State: _______________________________ Zip Code: ____________________________

Buyers Information Name: _____________________________ Address: ___________________________ City: _______________________________ State: ______________________________ Zip Code: ___________________________

Signatures: _______________________________ Seller __________________________________ Buyer

Witnessed by:________________________________________ Date: ________________ Name: Address:

Bill of Sale; Promissory Note (Automobile)

SECURED PROMISSORY NOTE (INSTALLMENT WITH BALLOON FINAL PAYMENT) $__________________[Amount of Note] This promissory note (the Note) is made and effective _____________ [Date], by and between ____________________ (the Seller) and _______________________ (the Buyer). This Note is given to secure payment of the purchase price of the followingdescribed motor vehicle (the Vehicle):
Location (county, state): Make: Model: Body Type: Year: Vehicle I.D. No. (VIN):

1. TRANSFER OF TITLE The Seller transfers title to the Vehicle on delivery of that Vehicle to the Buyer under the terms of that certain bill of sale of even date herewith (the Bill of Sale); provided, however, that the Seller shall retain a security interest in the Vehicle, and the Seller shall be listed as a secured lender on the title to the Vehicle until all debts and obligations under this Note have been satisfied in full. 2. PROMISE OF PAYMENT. FOR VALUE RECEIVED, the Buyer promises to pay to the Seller, at _______________________ [Address], _________[City], ___ [State] __________ [Zip Code], or at such other place as the Seller may designate in writing from time to time, the principal amount of _________________ Dollars ($_______), together with interest accruing on the unpaid balance hereof until due. The interest rate on this Note shall be an annual rate of interest equal to _______________ (______%) percent, or the maximum amount allowed by applicable law, whichever is less. Interest shall be computed on the basis of a year of 365 days and the actual number of days elapsed. 3. MONTHLY INSTALLMENT PAYMENTS. The Buyer will pay said principal and interest to the Seller in equal installment payments of _______________, on the ____ day of each month. [INSERT OTHER PAYMENT SCHEDULE AS AGREED] Payments shall be to the Sellers address as designated above. All payments will be applied first to interest and the remainder to principal, and
Bill of Sale; Promissory Note (Automobile)

interest shall cease to accrue on any principal so paid. Acceptance by the Seller of any payment differing from the designated installment payment listed above does not relieve the Buyer of the obligation to honor the requirements of this Note. 4. INITIAL DATE. The first payment under this Note is due and payable on the ________ day of ____________, 20___. A like installment shall be due on the same day of each succeeding month thereafter. [INSERT OTHER PAYMENT SCHEDULE AS AGREED] 5. PREPAYMENT. The Buyer may prepay this Note, in whole or in part, at any time before maturity without penalty or premium. 6. LUMP-SUM FINAL PAYMENT. The entire outstanding principal balance, including any accrued interest, shall be due and payable in full on or before the ________ day of ____________, 20___. 7. SECURITY FOR PAYMENT. This Note is secured by the Vehicle sold to the Buyer in accordance with the Bill of Sale. 8. EVENTS OF DEFAULT. The Buyer will be deemed in default to be in default under this Note on the occurrence of any of the following events (each an Event of Default): (i) on the Buyers failure to make any payment when due under this Note, which failure continues for a period of ten (10) days after such due date; (ii) on the filing regarding the Buyer of any voluntary or involuntary petition for relief under the United States Bankruptcy Code or the initiation of any proceeding under federal law or law of any other jurisdiction for the general relief of debtors; or (iii) on the execution by the Buyer of an assignment for the benefit of creditors or the appointment of a receiver, custodian, trustee, or similar party to take possession of the Buyers assets or property. 9. ACCELERATION; REMEDIES ON DEFAULT On the occurrence of any Event of Default, at the option of the Seller, all principal and other amounts owed under this Note shall become immediately due and payable without notice or demand on the part of the Buyer, and the Seller, in addition to its rights and remedies under this Note, may pursue any legal or equitable remedies that are available to it.

Bill of Sale; Promissory Note (Automobile)

10. WAIVER OF PRESENTMENT; DEMAND. The Buyer hereby waives presentment, demand, notice of dishonor, notice of default or delinquency, notice of protest and nonpayment, notice of costs, expenses, or losses and interest thereon, notice of interest on interest and late charges, and diligence in taking any action to collect any sums owing under this Note, including (to the extent permitted by law) waiving the pleading of any statute of limitations as a defense to any demand against the undersigned, or in proceeding against any of the rights or interests in or to properties securing payment of this Note. 11. (Optional) TIME OF ESSENCE. Time is of the essence with respect to every provision of this Note. 12. SUCCESSORS AND ASSIGNS. All references in this Note to the Buyer and the Seller shall be deemed to include, as applicable, a reference to their respective successors and assigns. The provisions of this Note shall be binding upon and shall inure to the benefit of the successors and assigns of the Buyer and the Seller. 13. NOTICE. Any notice or other communication provided for herein or given hereunder to a party hereto shall be in writing and shall be given in person, by overnight courier, or by mail (registered or certified mail, postage prepaid, return receipt requested) to the respective party as follows: If to the Buyer: __________________________________________ __________________________________________ __________________________________________ If to the Seller: __________________________________________ __________________________________________ __________________________________________ 14. GOVERNING LAW. This Note shall be governed as to validity, interpretation, construction, effect, and in all other respects by the laws and decisions of the State of _____________, without regards to its conflict-of-law provisions. The Buyer hereby irrevocably consents to the jurisdiction of the courts of ___________ County, ____________ with respect to any matter arising under this Note, and further irrevocably consents to service of process by hand delivery to the address listed above for the Buyer.
Bill of Sale; Promissory Note (Automobile)

15. ENTIRE AGREEMENT. This Note and the Bill of Sale constitute the final, complete, and exclusive statement of the agreement of the parties with respect to the subject matter hereof, and supersede any and all other prior and contemporaneous agreements and understandings, both written and oral, between the parties. 16. NO IMPLIED WAIVER. The Sellers failure to exercise any right or remedy provided in this Note shall not be construed as a waiver of any future exercise of that right or exercise of any other right or remedy to which the Seller may be entitled. 17. COLLECTION COSTS AND ATTORNEYS FEES. The Buyer agrees to pay any and all costs incurred by the Seller in collecting sums payable under this Note, including reasonable attorneys fees and court costs in addition to other amounts due, without protest of any kind. 18. SEVERABILITY. If one or more of the provisions of this Note shall be declared or held to be invalid, illegal, or unenforceable in any respect in any jurisdiction, the validity, legality, and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby and any such declaration or holding shall not invalidate or render unenforceable such provision in any other jurisdiction. 19. HEADINGS. Headings used in this Note are provided for convenience only and shall not be used to construe meaning or intent.

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Bill of Sale; Promissory Note (Automobile)

IN WITNESS WHEREOF, the parties have executed this Note as of the date first above written.

Buyer: By: __________________________________ Name:

Seller: By: __________________________________ Name:

Bill of Sale; Promissory Note (Automobile)

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