Trailer Bill of Sale Template

A trailer bill of sale is a crucial document during the purchase or sale of a trailer. It is required during the registration process in some states, while others do not need it. Even if your state's regulations do not mandate preparing the document, it is beneficial to both the seller and the buyer. Besides acting as proof of purchase, it protects the parties in case of future disputes.

Lawrina’s trailer bill of sale template is easy to use; you can create and download it in a few simple steps. All you need to do is answer the questions, and the information is automatically filled out on the form. Once you complete the trailer bill of sale, you can download it by making a one-time purchase or signing up for a monthly subscription to access unlimited templates.

Trailer sale documents usually follow the same general format and include the following legal provisions:

A trailer is a cost-intensive investment. Whether you are buying or selling, having a trailer bill of sale as part of the transaction is crucial. While not legally required in every state, you should consider creating the document for the following reasons:

A general trailer bill of sale should include the following information:

• The trailer description—the vehicle identification number (VIN), make, model, year, size, weight, body style, and condition;
• The sale price;
• The purchase and sale date; and
• The parties’ contact information—full names, phone numbers, and business or personal addresses.

This data is sufficient to create a standard trailer bill of sale template that sellers can use when an offer is made on the vehicle.

These are the steps the seller and the buyer should take to ensure a smooth transaction for the purchase and sale of a trailer.

Sellers will need to do the following:

Sellers generally draft the bill of sale for trailers, leaving buyers to do the following:

There are several reasons why a buyer and seller will need to have a trailer bill of sale.

The most common reasons for using a trailer bill of sale include:

Even though you do not need a trailer bill of sale to transfer the vehicle in some states, the document is essential for the reasons we have discussed above. However, there are some instances where you do not need to use a trailer sale document even though you are entrusting the vehicle to someone else.

Examples of such situations include:

Selling a trailer can be a difficult process, but following some tips can help produce a successful sale.

Trailers vary in size, purpose, and features. The first tip is to ensure you know what type of trailer you are selling. Also, be sure to list it correctly on your trailer bill of sale. 

Based on the trailer type and size, you can browse online marketplaces to determine reasonable asking prices before setting up your own listing. The following are some common trailer types:

Doing extensive price and market research is important to get you top dollar on your trailer. You can visit various marketplaces to see how much similar trailers are selling for to get an idea of the best-asking price based on your trailer specs, such as type, gross vehicle weight, number of axles, length and width, etc.

Researching market trends can also give you insight into the demand and inform pricing. If the demand is high, then you can increase the asking price. For instance, current trends project an upward curve in demand and revenue with an estimated compound annual growth rate (CAGR) of 6% between 2021 and 2029.

Examples of common trailer marketplaces include BuyMyTrailer, TrailerTrader, and eBay. You can also join local social media communities to stay current on trailer advertisements or apply to post an ad in the local newspaper.

When you hear from potential buyers, be sure to respond to them promptly. Answer all their questions about your trailer, provide them with recent photos, and make arrangements to show your trailer to them if they are interested. 

The following are some valuable tips for efficient communication with potential buyers:

When both parties have agreed to proceed with the trailer purchase and sale, they can use a printable trailer sale form. The key elements of a trailer bill of sale are the vehicle description, the vehicle price, the sale date, the parties' names and contact information, and the signatures. 

Once both parties have approved the terms and conditions and signed the trailer sale document, the buyer will need to apply for a new title through their local DMV within 30 days from the purchase date. This obligation applies in most U.S. states.

To avoid fines, be sure to follow the applicable laws in the state of your residence. Before making a trailer purchase, be sure to know the rules of trailer ownership and licensing based on the type of trailer.