Therefore, to meet the asking price the seller may have to wait 4 to 6 months before finding a buyer. When selling any type of farm equipment, it’s important to keep in mind that this is a niche or smaller industry than selling a vehicle or boat. Immediately afterward, the tractor will change possession along with the title. The bill of sale is commonly signed after the payment has been made by the buyer. A bill of sale is a legally binding document that requires the buyer to pay the specified purchase price in exchange for the ownership and possession of a tractor. Table of ContentsĪ tractor bill of sale allows the transfer of ownership of a tractor to a buyer for cash or trade. If the buyer wishes to have the tractor mechanically inspected, the buyer should make the request for inspection prior to the completed sale of the equipment. The buyer must be aware that, unless otherwise stated, the item will be sold “as-is” with no other expense or obligation to the former owner(s). A farm tractor bill of sale is a document used between a buyer and seller to prove the legal sale and purchase of a tractor or farming vehicle.
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