When should I use the seller financing page?
Use this page when your side by side sale in North Carolina fits a seller financing scenario. It walks you through the specific disclosures and details that apply to this type of transaction.
Seller financing — North Carolina
North Carolina Side by Side bill of sale for seller financing
Complete your North Carolina side by side bill of sale for a seller financing transaction. Enter buyer and seller details, vehicle information, and generate a signed PDF in minutes.
North CarolinaSide by SideSeller financing
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What to know about seller financing sales in North Carolina
Seller financing is a regulated credit transaction under the federal Truth in Lending Act (TILA) and Regulation Z (12 CFR Part 1026). You must provide the buyer with a written disclosure of APR, finance charge, total amount financed, payment schedule, and total of payments before the contract is signed. Perfect your security interest by recording yourself as a lienholder on the title with the DMV.
What to include in your bill of sale
- Full legal names and addresses for both buyer and seller.
- Side by Side make, model, year, VIN, and current mileage.
- Agreed sale price, payment method, and transaction date.
- Any seller financing-specific disclosures required in North Carolina.
Seller guidance
Seller financing is a regulated credit transaction under the federal Truth in Lending Act (TILA) and Regulation Z (12 CFR Part 1026). You must provide the buyer with a written disclosure of APR, finance charge, total amount financed, payment schedule, and total of payments before the contract is signed. Perfect your security interest by recording yourself as a lienholder on the title with the DMV.
Buyer guidance
You are entitled to a written TILA disclosure before signing. Review the APR and total cost carefully — seller financing often carries higher rates than traditional lenders. The seller retains a lien on the vehicle until you pay in full; failure to make payments can result in repossession under the terms of your agreement and your state's repossession laws.
Legal considerations
TILA (15 U.S.C. § 1638) and Regulation Z require written disclosures for any credit transaction. A separate promissory note and security agreement should accompany the bill of sale. The seller must file a UCC-1 financing statement or record the lien on the title to perfect the security interest under UCC Article 9. State usury laws cap the maximum interest rate for private installment sales.
Checklist for this transaction
- 1Prepare a written promissory note specifying principal, APR, payment schedule, and total cost
- 2Provide TILA disclosure box (APR, finance charge, amount financed, total payments) at signing
- 3Record the seller's lien on the vehicle title at the DMV
- 4Include default and repossession terms in the financing agreement
- 5File a UCC-1 financing statement if relying on UCC Article 9 (varies by state for titled vehicles)
Need the printable workflow?
Use the main North Carolina side by side bill of sale flow when you are ready to generate the completed document.
Open North Carolina Side by Side bill of saleFrequently asked questions
Why does the seller financing scenario have its own page?
Different sale scenarios — such as private party, dealer, or gifted transfers — have different documentation requirements. This page focuses on what buyers and sellers need for a seller financing transaction specifically.
What should be included in this bill of sale?
Include the buyer and seller details, vehicle identifiers, sale price, date, signatures, and any notes specific to the seller financing transaction.
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