Why is a Bill of Sale Necessary?
Obtaining a Bill of Sale is called for when transferring possession of a recreational vehicle from one individual to the next. It is an indispensable agreement to retain to display reliable information relating to the vehicle for further reference. The paper copy may be required should it need to be sold again, registered, titled or even as documented proof for tax use.
Selling a Recreational Vehicle
Determine A Fair Selling Price
To establish a reasonable price at which to set your used RV you can research your particular year, make and model on Nada Guides or RVT and gauge according to your vehicle’s condition. It would also be beneficial to find similar models comparable to your RV in the local area in which you will be marketing your own. This will give you a general idea of what a realistic price looks like so that you can then evaluate into your own list price.
List Your Advertisement
The first basic step you may want to take in marketing your recreational vehicle is to find a high-traffic location that would be an ideal spot to park it with a visible ‘For Sale’ sign. You also have many options to promote locally in newspapers and local classifieds, although associated fees may be somewhat higher than many online options when advertising in print. There are many online alternatives that can generate more exposure:
- Facebook Marketplace
- eBay Motors
Once you have found the ideal locations to present your ad, you will want to craft your description and take photos of your rig. The description should include the RV’s year, make, model, mileage, type, length, and last maintenance date. You can also detail the reason for selling, any issues or flaws with the RV to fully disclose the condition to any potential buyers ahead of time. When photographing the vehicle, choose an attractive location on a sunny day to aspire to make it look welcoming. Take between 10-20 high-quality images of the RV from different angles to display the interior and exterior, highlighting any interesting features your RV comes equipped with.
Prime the RV for Viewing
When it comes time to show your recreational vehicle to a possible buyer, keep in mind, presentation is everything. Clean the interior and exterior of the vehicle or if possible, get it professionally detailed. Ensure there are no noticeable smells and replace anything that is worn out, stained or broken. If there is an issue in need of repair, your best course of action is to fix it, otherwise, an ‘as is’ sale can tend to dramatically bring down the price a buyer is willing to pay. Pay close attention to details, shine tires, clean any storage areas and have all accessories organized neatly to display.
Show to Potential Buyers and Negotiate the Sale
Determine the lowest amount you are willing to accept before going into the sale and provide material on comparable vehicles and data to affirm the desired purchase price. When corresponding to interested individuals, encourage them to view the vehicle in person. Enhance the look of the interior subtlely by adding a small vase with flowers and lay out the vehicle’s manual or accompanying pamphlets on the table or countertop. When the buyer is ready to close, obtain their information and arrange for cash down payment if they wish to take it off the market.
Finalize the Sale
Once a price has been agreed upon, you will need to complete the sale with the purchaser. In the case that your RV is fully paid off and with no alternate claims on the title, plan to meet the buyer at a local bank to make the exchange. This way you can verify the authenticity of the cash, sign over the title, fill out the Bill of Sale, and hand over the registration in a secure environment. If your recreational vehicle is still being financed your best bet is to visit the bank at which you received financing or retain a lawyer to handle the transaction. Upon arrival, sign any corresponding legal contracts provided by an attorney and the Bill of Sale. The buyer will then pay an allocated part of the purchase price to pay off the loan and the remainder to be paid to the seller. Clear title will then be sent in the buyer’s name or signed over after the fact by the seller. Then the Seller can hand over the keys to the buyer. Depending on your state of residence, it may be necessary that the seller accompany the purchaser to the DMV to complete the transaction and transfer the vehicle.
Complete the Recreational Vehicle Bill of Sale Form
Step 1 – Download the file in Adobe PDF.
Step 2 – Seller Information – List the applicable information requested for the seller as follows:
- Seller’s Name
- Seller’s License Number
- Seller’s Address (street address, city, state, zip code)
- Seller’s Email Address
- Seller’s Phone Number
Step 3 – Buyer Information – Log the same information in the next section of the form for the buyer:
- Buyer’s Name
- Buyer’s License Number
- Buyer’s Address (street address, city, state, zip code)
- Buyer’s Email Address
- Buyer’s Phone Number
Step 4 – Vehicle Information – Fill out the vehicle specifics within the next segment as follows:
- Vehicle Identification Number
- Milage (or hours, dependent on the vehicle’s recording value)
Step 5 – Enter the sales price on the line provided.
Step 7 – With the direction of the available witnesses, produce both signatures and printed names from the seller and purchaser of the RV.
Step 8 – Once the signatures are completed, record the signatures from both witnesses recognizing the performance of the agreement.