Vehicle Sale Receipt

What is a vehicle sale receipt?

A vehicle sale receipt is documentary evidence of the sale of a private sale of a vehicle between two individuals. It is used to formally record that a transaction took place.

The receipt can be used in relation to the sale of a motor vehicle. For example this may include:

• cars
• vans
• trucks
• motorbikes

Is it mandatory to have a vehicle sale receipt?

No. It is not legally mandatory to have a vehicle receipt. It is however helpful to have one as proof of the transaction. It can serve as protection for the parties involved if there is any legal dispute about the sale. Additionally, the vehicle sale receipt can act as extra proof of the transfer of ownership.

Who can use this vehicle sale receipt?

This vehicle business can be used by two individuals who are not acting in the course of business.

What has to be done once a vehicle sale receipt is ready?

After a vehicle sale receipt has been completed and payment has been made, the receipt should be signed by both parties (i.e. the buyer and the seller), and they should retain a copy that has the signature of both parties on it.

The parties will need to ensure that the relevant Driver and Vehicle Licensing Agency (DVLA) processes are followed to formally record the change of ownership.

What must a vehicle sale receipt contain?

A vehicle receipt must contain:

• the name and address of the seller
• the name and address of the buyer
• the details of the vehicle being sold (that includes the make, the model, the colour, the registration number, the VIN number and the mileage of the vehicle)
• the purchase price
• the date of the sale
• the registration number of the car
• seller's warranty (legal promise) of their right to sell the car
• signatures of the parties

What laws apply to a vehicle sale receipt?

The main legal provisions which are relevant to a vehicle sale receipt are:

The Road Traffic Act 1988

The Road Traffic (Northern Ireland) Order 1995

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