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Tennessee Promissory Note in Connection with Sale of Vehicle or Automobile

State:
Tennessee
Control #:
TN-00431-D
Format:
Word; 
Rich Text
Instant download

Description Tennessee Note

This form is a Promissory Note in connection with the sale of a vehicle where the Buyer is to pay a portion of the purchase price over time.


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FAQ

Sales price of car. Date of sale. Odometer reading, if the vehicle is less than ten years old. Signature and printed name of seller or sellers. The buyer's name and address.

What paperwork do I need to privately sell a car in Tennessee? For most private party car sales in Tennessee, the only paperwork that is required is the certificate of title. An exception is if you're selling to a family member, in which case you need a Non-Dealer Transfer Affidavit (form RV-F1301201).

For most private party car sales in Tennessee, the only paperwork that is required is the certificate of title. An exception is if you're selling to a family member, in which case you need a Non-Dealer Transfer Affidavit (form RV-F1301201).

No, a Tennessee bill of sale is not required to register a motor vehicle. You need a certificate of title and an odometer disclosure statement. If you cannot find the title, you must complete an Application for a Duplicate Certificate of Title.

Sales price of car. Date of sale. Odometer reading, if the vehicle is less than ten years old. Signature and printed name of seller or sellers. The buyer's name and address.

Get a properly assigned title and Odometer Disclosure Statement from the previous owner. Bring the paperwork to your local county clerk's office. Provide proof of ID and residency. A copy of your current registration if you are transferring current license plates to the new car.

A promissory note is often included in a mortgage, student loan, car loan, business loan, or personal loan agreement. If you're loaning someone a large sum of money, you'll likely want a legal record of it. Therefore, promissory notes can be used in personal transactions as well.

Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.

Although the buyer doesn't need to sign a Tennessee bill of sale, both the buyer and the seller should keep copies of the completed document for their records.

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Tennessee Promissory Note in Connection with Sale of Vehicle or Automobile