Car/Vehicle private sales receipts serve as evidence of ownership and payment for private car sales. The receipt is also useful for acknowledging the deposit paid for a vehicle. The original value of a vehicle is usually lower when it is sold used. It is appropriate for a seller who has enhanced the value of the car in a certain way and has the potential to gain from the sale to use sales receipts for cars and to include the appropriate sales tax in the price as that would constitute a gain or profit.
A deposit receipt is provided to the payer upon receipt of funds, with the balance due at a later time. By paying a deposit, the payer demonstrates good faith in his or her promise to complete the payment at a later date. Deposits, also known as 'down payments', are usually refundable in certain circumstances.
