Document background
A Used Vehicle Bill of Sale is a crucial document required for any transaction involving the sale of a pre-owned vehicle in India. This document serves as official evidence of the transfer of ownership and is essential for subsequent vehicle registration changes at the Regional Transport Office (RTO). The document must comply with the Motor Vehicles Act 1988 and various state-specific regulations. It includes comprehensive details about the vehicle (including make, model, year, VIN, and registration number), complete information about both buyer and seller, the purchase price, payment terms, and the vehicle's current condition. The document is particularly important as it protects both parties' interests by clearly stating the terms of sale and the condition in which the vehicle is being transferred, helping prevent future disputes and ensuring legal compliance.
