When in the market for a trailer, you are often more likely to come across a trailer bill of sale form. A trailer bill of sale is a documented agreement for the sale and purchase of any structure that can be towed by large transport vehicles. Examples of trailers include mobile homes, travel trailers and even boat trailers. This legally bound document guarantees the security of both parties under the agreed terms of sales to prevent unwanted liability and fraud. Trailers are used for both personal and commercial purposes. Depending on the trailer use, the trailer bill of sale will have specific information about the trailer in question.
A few examples of information included in the trailer bill of sale forms include: –
- The vehicle identification number often abbreviated as VIN
- Make of the trailer
- Model of the trailer
- Year of manufacturing
Most buyers and seller opt for trailer bill of sales form for smooth and secure transactions. If you’re looking to sell a trailer, here are a few helpful tips to help you sell it off quickly and at a good price.
Free Trailer Bill of Sale Forms
Tips for Selling a Trailer
Identify the type of Trailer
Knowing every detail of the trailer you are selling is important for pricing purposes. This knowledge also helps build confidence with the buyer and prevent any liability when details in the trailer bill of sale do not match the trailer itself.
Prices of trailers vary depending on the type of trailer for sale. Trailers can be broadly categorized into four groups; Hauling trailers which include for kayaks, boats , flatbed trailers, enclosed trailers which can be refrigerated and vehicle carrying trailers. Price can range from the hundreds to thousands of dollars.
Establish the Trailer’s Worth
The type, size, and shape of the trailer will often determine the trailer’s selling price rather than the manufacturer. As a rule of thumb, it makes sense first to check your trailer over under local listings in your area before settling for a price, this way you won’t underprice or overprice your trailer.
List it for Sale
It is advisable to give your trailer a good touch-up before listing it for purchase so that you can get the most cash of your sale. A good make over will also ensure your trailers looks good for the web. Listing your trailer online will expand your customer base and put you in direct contact with prospective buyers
Meet Prospective Customers and Negotiate the Price
Agree to meet with prospective clients in a quiet place to negotiate the final price. Ensure the clients you deal with are genuine and understand the basics of operating a trailer. It also not a bad idea to ask what they intend to do with the trailer and whether they can match the stipulated price.
Prepare a Bill of Sale and Notify the Relevant Authorities
Once both of you agree on a reasonable price, the next step is to prepare a thorough and comprehensive bill of sale. Apart from the information shown above, you should also include the buyer and seller’s name and address, the agreed price, the date of sale, and witness signature if necessary.
Forward these details to the state for approval before allowing the trailer on the road. Remember that approval times and regulations vary from state to state.
In conclusion, selling a trailer should not be a hassle. With these few tips and the right bill of sale form, you could sell your trailer in a heartbeat.