To ensure each party is who they claim to be, it’s highly recommended that the buyer and seller both bring government-issued identification with them (driver’s license, passport, etc.).

Notary Acknowledgement (if applicable).

Witness’s signature, name in print and date and.

On the form, the following information is required to be included: If the seller does not have any documents, including the title to the trailer, the buyer may view the trailer as a higher-risk investment and may want a significant discount in order to be motivated to purchase. Separate from the title, if the seller has receipts showing that important items such as the axels or tires were repaired or replaced recently, chances are the seller will get close to their asking price. This usually will depend on the papers and documentation the seller has for the trailer. Most lenders will not make underwrite a loan for a trailer unless a boat or other vehicle is apart of the sale. When speaking with any party that is looking to purchase, ensure that they are qualified by asking them what they will use the trailer for and if they have the cash necessary to complete the sale. When listing for sale, it’s best to use the following online and offline options:Īgree to meet with prospective buyers in the hopes that the trailer can be sold for the asking price.

This will allow for the best pictures when making a posting online. Step 3 – Listing for Saleīefore making the listing, it’s best to clean the trailer of any debris and paint over any rust that exists. Chances are there will not be an exact match, but at the very least should be able to find a closely related trailer. It’s best to view comparables (comps) to what others are selling (best to find in your local area). Coming up with a price is determined mainly by the type of trailer rather than the manufacturer (brand name). Unlike traditional vehicles, trailers often come in unique shapes and sizes. Once you know the type of trailer it’s best to get the number (#) of axels, length, year, maximum weight (lb.), and any other specifications that would be beneficial to a prospective buyer. There are many types of choose from the list below:

Trailers can range from a few hundred to thousands of dollars depending on the type. Just take a look at our short step-by-step guide below. (Video) How to Make a Trailer Bill of Saleīuying a trailer is actually pretty straightforward.The seller must sign the bill of sale for it to be accepted. of Motor Vehicles for a trailer to be registered. A trailer bill of sale is a document that includes the transaction details of the sale of a trailer.

Bill of sale illinois template trailer