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Maine Bill of Sale of Automobile and Odometer Statement

Bill Sale Automobile Document

Name: Maine Bill of Sale of Automobile and Odometer Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.8 (473 reviews)

Category:

Maine Bills of Sale - Automobiles

State:

Maine

Control #:

ME-00431

Format:

Instant download

Description

This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.

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How to fill out Maine Bill Of Sale Of Automobile And Odometer Statement?

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Bill of Sale

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FAQ

In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.

The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.

Generally, a bill of sale does not have to be recorded but may be required as proof of ownership. Who must sign a bill of sale? The owners of the property being sold must sign. If the property is owned jointly, both owners must generally sign.

Title Jumping - Dangers to sellersSellers who do not transfer the title into their name before selling a vehicle technically are not the legal owner of the vehicle. Risks include penalties, fines, and/or jail time.

A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.

Name and address of the seller. Name and address of the buyer. Vehicle description, including Vehicle Identification Number (VIN), make, model, year. Amount of sale.

On the back of the title is a transfer area that they can use to transfer the title to you. Once the previous owner has transferred the title to you, take it to the local office for your state's department of motor vehicles to apply for a new title in your name. The new title will be your proof of ownership.

Bill Sale Automobile Document

Description

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How to fill out Maine Bill Of Sale Of Automobile And Odometer Statement?

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FAQ

Is a bill of sale a legally binding document?

What does a bill of sale need to include?

What makes a bill of sale valid?

Does Bill of Sale expire?

What happens if seller does not sign title?

Does a Bill of Sale prove ownership?

How do you write a bill of sale for a car in Maine?

How do I prove ownership of a car?

How do you write a bill of sale for a car as is?

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Bill Sale Automobile Document

Description

Related Forms

Related legal definitions

How to fill out Maine Bill Of Sale Of Automobile And Odometer Statement?

Bill of Sale

Show more info

Trusted and secure by over 3 million people of the world’s leading companies