DocumentsFree Trailer Bill of Sale Template
Free Trailer Bill of Sale Template
Do you need to create a Trailer Bill of Sale? Draft one using our free, fillable Trailer Bill of Sale template.
A Trailer Bill of Sale is a legal contract that documents the sale of a trailer and outlines its transfer of ownership. It allows the buyer and seller to understand their rights and responsibilities, and acknowledge that payment was made in full. It also establishes that the buyer accepts the trailer as is.
Trailer Bill of Sale
To make drafting your Trailer Bill of Sale easy and convenient, NotaryPro offers an online document creator. Avoid the hassle of making an appointment with a notary public and get it commissioned online, from the comfort of your home.
What is a Trailer Bill of Sale?
In Canada, a Trailer Bill of Sale is a legally binding agreement that officially documents the sale of a Trailer. It also establishes the transfer of ownership from a seller to a buyer, as all trailers in Canada must be registered. Additionally, the document outlines the buyers’ and sellers’ responsibilities, ensuring each party understands them.
A Trailer Bill of Sale is used when the buyer pays the seller in full, and accepts the Trailer in its current, ‘as is’ condition. With a Trailer Bill of Sale, the seller does not provide the buyer with a warranty.
If you would like to include a warranty or a payment plan, a Sales Agreement is a better option.
Purpose of a Trailer Bill of Sale
The purpose of a Trailer Bill of Sale is to provide evidence of a transaction. It shows that the seller confirms receipt of payment from the buyer, and that the payment was made in full. Essentially, it protects the seller’s and buyer’s interests, preventing future issues and disputes.
This document is also required for certain procedures, like registering a trailer or proving ownership. Canadian provinces and territories have different licensing, registration, and inspection requirements. It’s important to check whether your license can support the weight you intend to pull with your trailer. A Trailer Bill of Sale is used to:
- Establish Proof of Ownership: It solidifies the legal transfer of ownership of a trailer from the seller to the buyer.
- Declare the Seller Is Unaware of Hidden Defects: The seller must confirm that they did not omit or hide any defects.
- Ensure Selling Authority: The seller must confirm that they are legally authorized to sell and transfer the trailer.
- Offer Legal Protection: It documents the sale’s terms and conditions, ensuring both parties understand their rights and responsibilities
- Outline that the Trailer is Sold “As Is”: It establishes that the buyer accepts the trailer with all the flaws disclosed by the seller.
- Ensure Loan Payments are Settled: The seller confirms that the trailer is free of all loans, liabilities, encumbrances, and liens.
Creating a Trailer Bill of Sale
To create a Trailer Bill of Sale, simply gather the information outlined below, and add it to our fillable template. You’ll want to provide some basic information about the buyer and seller, and a few details about the trailer.
Details About the Buyer and Seller
A Trailer Bill of Sale should contain basic information about both the buyer and seller, such as the:
- Buyer’s full legal name and address
- Seller’s full legal name and address
- Date of the transaction
- Trailer’s purchase price
- Signature of the buyer and the seller
Information About the Trailer
You’ll need to provide some information about the trailer to help identify it, including:
- Make / brand
- Model
- Year
- Axles
- Vehicle identification number (VIN)
- Style
- Length in feet
Does a Trailer Bill of Sale Need to Be Commissioned?
If you already have a Bill of Sale for your trailer, you can upload it and get it commissioned virtually, in 7 minutes. If you need to draft one, complete the fields in the above template, and get it commissioned once you’re finished.
Frequently Asked Questions
What is the difference between a bill of sale and a receipt?
While a receipt acknowledges payment, a Trailer Bill of Sale features additional information about the sale.
These include a description of the trailer and the terms of the agreement.
Do I need a Trailer Bill of Sale to sell my trailer in Canada?
No, you don’t always need a Trailer Bill of Sale to sell your trailer in Canada.
You might be able to use a transfer of ownership document instead, depending on your province. To register your trailer, you’ll typically need either a Trailer Bill of Sale or a transfer of ownership document.
Is NotaryPro’s online drafting & notary service legally recognized?
Yes, NotaryPro’s documents are legally recognized.
NotaryPro’s documents have been accepted by many institutions and authorities, including federal authorities, the Ministry of Transportation, and Service Ontario.
Is NotaryPro’s online drafting & notary service secure?
Yes, NotaryPro uses the latest encryption technology.
Personally identifiable information and documents are subject to the highest level of digital security. We also ensure that your documents are commissioned in compliance with all applicable Canadian laws and regulations.
How much does it cost?
It’s free to create your document, although we offer online commissioning for a small fee.
That’s right! Creating your document comes at no cost to you, but if you’d like to have it commissioned, we’re happy to help. Please find our detailed prices here.