������Ƶ

A Vehicle Bill of Sale is a fundamental legal document used in the Philippines when transferring ownership of any motor vehicle. This document is essential for compliance with Philippine regulations, particularly the Land Transportation and Traffic Code (RA 4136) and relevant LTO guidelines. It should be used in all vehicle sales transactions, whether between private individuals or commercial entities. The document typically includes comprehensive vehicle information, seller and buyer details, purchase price, warranties or disclaimers, and specific terms of sale. It serves multiple purposes: as proof of purchase, for vehicle registration transfer, for tax documentation, and as protection for both parties' interests. The Vehicle Bill of Sale must be properly executed and notarized to be legally binding under Philippine law.

1. Parties: Identification of the seller and buyer with complete names, addresses, and contact information

2. Background: Brief context of the sale and confirmation that the seller is the legal owner of the vehicle

3. Definitions: Key terms used in the document defined for clarity

4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN/chassis number, engine number, plate number, and current mileage

5. Purchase Price: The agreed-upon price and payment terms, including method of payment

6. Seller's Representations: Seller's warranties about vehicle ownership, liens, encumbrances, and condition

7. Transfer of Title: Statement of transfer of ownership and responsibilities for registration transfer

8. As-Is Condition: Statement that the vehicle is sold 'as-is' unless otherwise specified

9. Execution: Date and signature section for both parties and witnesses