![]() Moreover, vehicle receipts are crucial for the sake that they are legally required. And those receipts are needed now more than ever considering the downward trend caused by COVID-19 to the global car sales expected to reach 70 million vehicles in 2021. Also, vehicle receipts are linked to car selling, meaning every auto seller should prepare such receipts when they transact with a customer. Otherwise, some buyers might have no proof that a vehicle is rightfully theirs without seeing their name, the amount paid, and other references in the receipt. Vehicle receipts are important as evidence of every car payment or purchase made. On another note, USA Today said that a new vehicle’s average price is around $33,560 in 2015. Meanwhile, Statista reported that global vehicle sales would only grow up to 70 million vehicles in 2021 due to the downward trend hit by COVID-19. It has been reported that a car purchase’s important paperwork consists of the V5C, automobile’s handbook, MOT certificate, buyer’s information, and two copies of vehicle receipts. Also, vehicle receipts are given only when a buyer has fully paid or paid partially. And the receipt tackles the essential details from the price, date, serial number, buyer’s details, and many more. So whether the payment is a service, sale, or rental, as long as it involves automobiles, then the proof of payment will be covered under a vehicle receipt.
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