Free Bill of Sale

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Bill of Sale

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Additional Clauses



Frequently Asked Questions
In order to reduce confusion, write your clauses with plain language and limit them to one paragraph in length. Also, use any predefined terms such as Seller, Buyer, etc. in your clauses.


Your Bill of Sale

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Motor Vehicle Bill of Sale

IN CONSIDERATION of ___________________ of ____________________, NRIC number: __________ (the 'Purchaser') providing S$____________ including all sales taxes (the 'Purchase Price'), the receipt and sufficiency of which consideration is hereby acknowledged to ______________________ of ____________________, NRIC number: __________ (the 'Seller'), the Seller SELLS AND DELIVERS the Motor Vehicle to the Purchaser.

PAYMENT METHOD: The Purchaser will pay the Purchase Price to the Seller by cash.

SCHEDULE OF PROPERTY: The Seller will sell and deliver to the Purchaser the following motor vehicle (the 'Motor Vehicle'):

  • Make: ________________________
  • Model: __________
  • Year: __________
  • Body Type: __________
  • Vehicle Identification Number (VIN): ________________________
  • Odometer Reading: __________ kilometres
  • Years left on Certificate Of Entitlement: _________

WARRANTIES: The Seller warrants that the Motor Vehicle is free of any liens and encumbrances and that the Seller is the legal owner of the Motor Vehicle. The Seller also warrants that the Seller has the full right and authority to sell and deliver the Motor Vehicle and that the Seller will defend the title of the Motor Vehicle against any and all claims and demands.

'AS IS' CONDITION: The Purchaser acknowledges that the Motor Vehicle is sold 'as is'. The Seller expressly disclaims any implied warranty as to fitness for a particular purpose and any implied warranty as to merchantability. The Seller expressly disclaims any expressed or other implied warranties.

WORKING ORDER: Any warranty as to the condition or working order of the Motor Vehicle is expressly disclaimed by the Seller.

MANUFACTURER'S WARRANTY: Any disclaimer of warranties by the Seller in this Bill of Sale will not in any way affect the terms of any applicable warranties from the manufacturer of the Motor Vehicle.

LIABILITIES: The Seller does not assume, nor does the Seller authorise any other person on the behalf of the Seller to assume, any liability in connection with the sale or delivery of the Motor Vehicle.

INSPECTION: The Purchaser accepts the Motor Vehicle in its existing condition given that the Purchaser has either inspected the Motor Vehicle or was given the opportunity to inspect the Motor Vehicle but chose to not inspect it.

FEES: The Purchaser confirms that the Purchaser will pay any transfer fees or levies required for the transfer of the Motor Vehicle.

INSURANCE: The Purchaser confirms that the Purchaser will be responsible for obtaining his or her own motor insurance.

GOVERNING LAW: This Bill of Sale will be construed in accordance with and governed by the laws of Singapore.

SIGNED, SEALED, AND DELIVERED by ______________________ in the presence of myself, the below named witness, the effect of the above written Bill of Sale having been explained by me to ______________________ before the execution of it, this ________ day of ________________, ________.


________________________________
(Advocate and Solicitor of the Supreme Court)
Solicitor Name: ____________________
Solicitor Address: __________________
_________________________________

   



_____________________________
______________________
(Seller)

     

Odometer Disclosure Statement

I, ______________________ of ____________________, NRIC number: __________ (the 'Seller'), STATE AND DECLARE that the odometer of the following vehicle (the 'Motor Vehicle') reads as follows:

  • Make: ________________________
  • Model: __________
  • Year: __________
  • Body Type: __________
  • Vehicle Identification Number (VIN): ________________________
  • Current Odometer Reading: __________ kilometres

I CERTIFY that to the best of my knowledge the odometer reading as stated above reflects the actual mileage of the Motor Vehicle. I CERTIFY that the odometer of the Motor Vehicle was not altered, set back, or disconnected while in my possession, and I have no knowledge of anyone else doing so.

SIGNED, SEALED, AND DELIVERED by ______________________ in the presence of myself, the below named witness, the effect of the above written Odometer Disclosure Statement having been explained by me to ______________________ before the execution of it, this ________ day of ________________, ________.


________________________________
(Advocate and Solicitor of the Supreme Court)
Solicitor Name: ____________________
Solicitor Address: __________________
_________________________________

   

___________________________
Seller: ______________________
Address: ____________________

     


Receipt of original copy
is hereby acknowledged by
___________________.

   

___________________________
Purchaser: ___________________
Address: ____________________

     

Last updated: March 23, 2022

What is a Bill of Sale?

A Bill of Sale is a document that a buyer and seller use to record the sale of an item, such as a car or boat. Creating one provides proof that an item's ownership was transferred from the seller to the buyer.

Bills of Sale are only useful for transactions in which the buyer accepts the item's condition at the time of the sale. This is called selling an item “as-is.”

A Bill of Sale is also known as an:

  • Absolute Bill of Sale
  • Sales receipt
  • Proof of purchase

What does "as-is" mean in a Bill of Sale?

"As-is without any warranties" means that the seller does not guarantee the item's quality. Therefore, the seller cannot be held liable for any flaws found in the item as long as they have not purposely hidden any of this information from the buyer.

What items can I sell with a Bill of Sale?

Our Bill of Sale can be customised for a variety of items, such as:

  • Motor vehicles, such as cars, trucks, and motorcycles
  • Travel vehicles, such as trailers, RVs, and campers
  • Watercrafts, such as boats, yachts, and ships
  • Off-road vehicles, such as bicycles, dirt bikes, and golf carts
  • Equipment, such as tractors, tools, appliances, and exercise equipment
  • Animals, such as horses, cats, and dogs
  • Personal property, such as clothing and jewellery
  • Electronics, such as phones or computers

What is Singapore's Bills of Sale Act?

The Bills of Sale Act 1886 governs Bills of Sale in Singapore. It outlines the rules for properly completing a Bill of Sale and the circumstances in which a Bill of Sale is void. This act has been revised in recent years, so the most up-to-date version incorporates all amendments up to and including December 1, 2021.

Using a Bill of Sale for a vehicle

If you are selling or buying a vehicle in Singapore, record the transfer with a Bill of Sale. However, to actually register the transfer of a vehicle, the Land Transport Authority (LTA) usually requires the use of another prescribed form. The BOS can be used as evidence of the sale, but it is not a replacement for the LTA's prescribed form or official process.

Think of creating a Bill of Sale as a preliminary step in the sale process before registering the actual sale with the LTA. The LTA allows registration to occur up to seven days after a sale.

In addition to a Bill of Sale and any prescribed forms from the LTA, a buyer needs a Certificate of Entitlement (COE) to register a vehicle in Singapore. A COE is a licence that gives you the right to own and use a vehicle on the road. If the previous owner already had the vehicle registered, it will have a Certificate of Entitlement (COE) and it will transfer with the car during the sale.

A COE only lasts for 10 years before it must be renewed or the vehicle must be deregistered. If you are considering buying a car from a private seller, consider the years left on the COE when deciding. The more years left on a COE the better.

If you buy a vehicle that is not registered, you will need to bid for a COE before you will be able to register the car. This bidding process occurs twice a month. Consult the LTA for more information on COE bidding. A COE can be quite expensive, so be sure to consider this when determining the price of the car.

Using a Bill of Sale for a boat

If you are selling or buying a boat or other watercraft in Singapore, you need to record the transaction with a Bill of Sale. Buyers need a properly executed Bill of Sale so they can complete the registration process.

Boats used for both pleasure and commercial purposes must be registered in Singapore. Pleasure craft must be registered in the register of Singapore pleasure craft. Commercial boats must be registered with the Singapore Registry of Ships. To complete registration for either type of boat you need a valid Bill of Sale.

How to write a Bill of Sale

The easiest way to create a Bill of Sale is by using a template. You can create your document by entering the following information into our Bill of Sale template:

  • The seller's and buyer's information
  • A description of the item being sold
  • The sale price, sales tax, and form of payment
  • Any loans and liens on the item

Once you enter all the necessary information, you and the other party can sign your Bill of Sale in the presence of a witness to execute it.

How to register a Bill of Sale in Singapore

In Singapore, you may have to register a Bill of Sale depending on what item you are buying. For example, if you are buying a boat, you need to register your Bill of Sale during the boat registration process.

In addition, you may need an authorised individual to attest to its authenticity. If it is not attested by an authorised individual, it may be unenforceable.

To register your Bill of Sale, follow these steps:

  1. Prepare your Bill of Sale
  2. Get your Bill of sale attested/notarised
  3. Register your Bill of Sale with the appropriate office or court

Bill of Sale versus receipt

A Bill of Sale is different from a sales receipt. Sales receipts show proof of purchase but do not bind sellers and buyers to any specific terms. In fact, sales receipts usually do not have any identifying information about the buyer and seller.

In contrast, a Bill of Sale is a legally binding document that transfers ownership. It binds both parties to specific terms, such as the condition and price of the sold item. Bills of Sale have more in-depth information about the seller and buyer.

Is a Bill of Sale legally binding?

Yes, when properly executed, a Bill of Sale is legally binding. Once you sign a Bill of Sale you can be held to its terms by the other party. Therefore, be very sure that you agree to the document's terms before signing.

Related documents:

  • Independent Contractor Agreement: Outline the terms of a contractual relationship between an independent contractor and a client.
  • Loan Agreement: Set out the terms of a loan between individuals, companies, or between an individual and a company.
  • Service Contract: Outline the terms of a given service between a service provider and a customer.
  • Promissory Note: Outline the terms of an enforceable promise for a borrower to pay back a loan or debt to a lender.
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