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Bill of Sale of Motor Vehicle by Documatica Legal Forms Inc. C U M EN David Lloyd Palmer of 489 Burt St. Piti Guam 48305 T Between the Seller D O - And - SA PL E Christina Pauline James of 39-495 Evergreen Cres. 29503 the Purchaser Background Whereas the parties lawfully reside in the Territory of Guam Whereas the movable property is located in the Territory of Guam The parties wish to enter into a transaction for the sale of a motor vehicle the Motor Vehicle and have agreed to the following...
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How to fill out guam bill of sale form

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How to fill out a bill of sale:

01
Start by writing the date of the sale at the top of the document.
02
Include the full legal name, address, and contact information of the seller.
03
Include the full legal name, address, and contact information of the buyer.
04
Provide a detailed description of the item being sold, including its make, model, year, and any unique features.
05
Include the agreed-upon purchase price of the item.
06
Specify the payment method and any terms or conditions of the sale.
07
Both the seller and the buyer should sign and date the bill of sale to make it legally binding.

Who needs a bill of sale:

01
Individuals who are buying or selling a vehicle, such as a car, motorcycle, or boat, may need a bill of sale to document the transaction.
02
Businesses that are selling or purchasing equipment, furniture, or other assets may also require a bill of sale to keep a record of the transaction.
03
Individuals engaging in private sales of valuable items, such as jewelry, electronics, or artwork, may find it beneficial to use a bill of sale to protect their rights and provide proof of ownership.

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Instructions and Help about vehicle bill of sale guam

When selling anything you will be required to provide the buyer with a bill of sale form which is used to substantiate the transaction the bill of sale form should be kept for your records in many cases you will be required to include this in your tax documentation oftentimes Bills of sale are available through your local government department that handles cars trucks boats or whatever vehicle you have chosen to sell in this case we will be addressing how to fill out a bill of sale form for the sale of a car so let's get started with this guide to filling out a bill of sale form first you should be able to obtain information with regard to the car that you are selling the following information is vital to the completion of a bill of sale this is what you'll need the vehicle identification number or VIN number can be obtained upon review of the cars title as well as on the vehicle itself typically the VI n number can be found at the base of the lower right-hand corner of the windshield the model make manufacturer and the year of the car are necessary to include in the bill of sale this can be found on the title or the registration belonging to the vehicle in the event that you are selling a motorcycle you will be required to include the engine number this can be located on the engine of the motorcycle a reading of the mileage must be provided this number can be found under the base of the needle on the odometer in many cars this is the same compartment as the gauge for reading miles per hour include your name as well as the name of the buyer or buyers in addition include the date of the sale which includes the month day and year include the buyers contact information in addition to any other information upon which both the seller and buyer can agree is pertinent you will also be required to list the total purchase price of the car in the event that the bill of sale is used with regard to a gift a dollar amount will still be required finally duplicate the bill of sale and retain a record for yourself while giving one to the buyer to watch more videos please make sure to visit laws calm

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The family member will have to complete the driver's license application form, have their picture taken, and pay a fee of $25.00 for a valid Guam driver's license.
What is the Guam Sales Tax for Buying a Car? There is no sales tax on Guam. However, there is a Gross Receipt Tax embedded in all sales transactions on Guam ing to 11 GCA (Guam Code Annotated) Chapter 26 “Business Privilege Tax”.
Apart from any back duty fees owed or having to remove a bank lien, the cost associated with a transfer of vehicle ownership is minimal fee of CI$25.00. You can choose to purchase new registration plates for your vehicle; a fee of CI$75.00 will be charged along with CI$400.00, the cost of a new coupon.
What You Need A valid MyGuamTax account. A vehicle registration that will be expiring within one month. Current insurance policy with a participating insurance company* A "Passed" vehicle safety inspection from a participating inspection station* A valid Visa, MasterCard, Discover, or American Express card for payment.
Fees are based on weight and capacity. The registration fee for a mid-size sedan averages about $120.00. Fees for pick-up trucks will be slightly higher due to the capacity and weight of the vehicle. Guam law requires a safety inspection of your vehicle on an annual basis.
Current insurance policy with a participating insurance company. A "Passed" vehicle safety inspection from a participating inspection station. A valid Visa, MasterCard, Discover, or American Express card for payment.
THE DESCRIBED PROPERTY IS SOLD "AS-IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY . BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY "AS-IS".

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A bill of sale is a legal document that acts as a receipt for the transfer of goods, services, or both from a seller to a buyer. It is typically used in cases where the goods or services are being sold in exchange for money. It is commonly used in the sale of motor vehicles, boats, and other items of value.
A bill of sale is a legal document used to record a transfer of ownership of an item from one party to another. It is often used to transfer ownership of items such as vehicles, boats, firearms, and other items of value. It serves as proof of purchase and may be used to register the item with the government. It also acts as a receipt for the seller and may be used to document the tax implications of the sale.
The deadline to file a bill of sale for 2023 varies by state. It is best to check with the relevant state government to determine the specific filing requirements and deadlines.
The buyer and seller are both required to file a bill of sale.
To fill out a bill of sale form, follow these steps: 1. Gather necessary information: Make sure you have all the required information, including the buyer's and seller's contact details, vehicle or item details (such as make, model, year, VIN or serial number), sale price, and date of sale. 2. Download or obtain a bill of sale form: Find a bill of sale template that suits your needs. You can often find printable templates online or obtain one from your local department of motor vehicles (DMV) or other relevant authority. 3. Identify the parties involved: Start by identifying the buyer and seller by entering their full legal names, addresses, and contact information in the designated sections of the form. 4. Provide item or vehicle details: Enter all relevant details about the item being sold, such as the make, model, year, color, VIN or serial number, and any other unique identifying features. Include any additional information, such as the odometer reading (for vehicles), condition, or any known issues. 5. Specify the sale terms: Indicate the agreed-upon sale price, as well as the payment method and any agreed-upon installments or conditions. Be specific about any warranties or guarantees, if applicable. 6. State any disclosures or disclaimers: If there are any known defects, damages, or other issues with the item being sold, make sure to disclose them in writing. This helps protect both the buyer and the seller. 7. Sign and date the document: Both the buyer and seller should sign and date the bill of sale to acknowledge the transaction. Ensure that all signatures are legible and dated correctly. 8. Copy the document: Make multiple photocopies of the completed bill of sale, one for each party involved, and keep the originals in a safe place. Remember, the specific requirements for a bill of sale may vary depending on your location or the type of item being sold. It's always recommended to consult with your local DMV or legal authority to ensure you fulfill all necessary requirements.
1. Parties involved: The names, addresses, and contact information of both the buyer and the seller must be included in the bill of sale. 2. Description of the item: A detailed description of the item being sold must be provided. This may include the make, model, year, color, condition, or any other relevant information about the item. 3. Purchase price: The agreed-upon purchase price of the item should be clearly stated in the bill of sale. This should be in both numerical and written form to avoid any confusion. 4. Date and location of the sale: The date and location where the sale took place should be mentioned. This can include the address of the seller's location, the buyer's location, or a neutral location where the transaction occurred. 5. Payment method: The method of payment used for the purchase should be mentioned. This can include cash, check, electronic transfer, or any other means used to complete the transaction. 6. Signatures: Both the buyer and the seller should sign the bill of sale to acknowledge that they agree to the terms and conditions of the sale. Their signatures confirm that they are legally bound to the transaction. It's important to note that specific requirements for a bill of sale may vary based on the jurisdiction and type of transaction. It's always advisable to consult with local laws or regulations to ensure that all necessary information is included in the document.
The penalty for late filing of a bill of sale varies depending on the jurisdiction and specific circumstances. In many cases, there may be administrative consequences, such as fines or late fees imposed by the relevant state or local authorities. Additionally, a late filing may result in delays or complications in legal transactions or the registration of the sale, such as transferring ownership or verifying the legality of the transaction. It's important to consult with local laws or legal professionals for accurate information regarding the penalties for late filing of a bill of sale in a specific jurisdiction.
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