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The conditional bill of sale refers to any assignment or transfer of personal chattels to a person by way of security for the payment of money. The conditional bill of sale creates a security in favour of the grantee of the bill whereby the grantee is given personal right of seizure giving right to a security interest of a possessory nature.
Bill of sale: The bill of sale is the receipt for the transaction. It should include the vehicle’s make, model and year, the VIN number, the sale price and the name and contact information of ...
Some automobile dealers try to include VIN etching as an extra service to boost their profit margin when selling a vehicle; [16] [17] they may even pre-print a charge for VIN etching on the bill of sale, as if to suggest that VIN etching is mandatory rather than an optional, add-on service.
Striped: Both safety and emissions testing required. In the United States, vehicle safety inspection and emissions inspection are governed by each state individually. Fifteen states have a periodic (annual or biennial) safety inspection program, while Maryland requires a safety inspection and Alabama requires a VIN inspection on sale or transfer of vehicles which were previously registered in ...
In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
A Manufacturer's Certificate of Origin (MCO), also known as a Manufacturer's Statement of Origin (MSO), is a specified document certifying the country of origin of the merchandise required by certain foreign countries for tariff purposes.
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