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    USA Promissory Note for Vehicle Purchase


    Don't sell a vehicle to a buyer with the price to be paid over time unless you get them to sign this Promissory Note for Vehicle Purchase.

    • This form is for vehicle sales in the United States only.
    • The Promissory Note includes two interest clauses, one for annual interest at a specified rate and one for no interest. Use the one that best fits your situation.
    • If the title is transferred to the buyer, the seller has a lien on the vehicle until the balance is paid in full.
    • The buyer can prepay the outstanding balance at any time without paying a penalty.
    • The seller can repossess the vehicle if the buyer fails to make the payments on time.

    A promissory note is security for repayment of the amount owed. This USA Promissory Note for Vehicle Purchase is a downloadable legal form that you can customize to fit your transaction.

    Download Type: Microsoft Word
    Last Updated: 14-April-2016
    SKU: 3824
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