Friday, 8 May 2015

What is the importance of bill of sale for buying a car?

Japan is one of the largest automobile manufacturing countries in the world. Millions of vehicles are produced and exported from Japan within a year. Along with new ones, numerous used vehicles are also purchased from Japan in a year only. Buying a Japanese used car is an easy process, but requires some paper work also. To make the vehicle registered with DMV, a bill of sale is required. Basically, a bill of sale is a document that records a transaction between buyers and sellers; it acts as confirmation of an agreement and is legally obligatory. The document is something what one need for accounting and taxation purposes. One can count on the document in case any issue of ownership arises as this document serves as the proof the buyer really bought the car.

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