Bill Of Sale Virginia With Odometer Disclosure

State:
Virginia
Control #:
VA-00431-C
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale Virginia with Odometer Disclosure is a legal document used for the sale of a motor vehicle in the state of Virginia. It serves to record the transaction between the seller and buyer, detailing important information such as vehicle make, model, year, and the Vehicle Identification Number (VIN). A key feature of this form is the Odometer Disclosure Statement, which legally requires sellers to disclose the vehicle's mileage at the time of sale, ensuring transparency and compliance with federal and state regulations. Additionally, the form includes a section for a Promissory Note, applicable when the buyer opts to finance the vehicle, outlining payment terms and conditions. For attorneys, paralegals, and legal assistants, this document is essential for facilitating vehicle sales, safeguarding clients' interests, and ensuring all legal requirements are met. Filling and editing instructions are straightforward, requiring clear information about the buyer and seller, vehicle details, and signatures from both parties along with notarization. Owners and associates will find this form useful in formalizing ownership transfer and protecting against future disputes regarding vehicle ownership and odometer readings.
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  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
  • Preview Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note

How to fill out Virginia Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?

How to locate professional legal documents that adhere to your state regulations and compose the Bill Of Sale Virginia With Odometer Disclosure without hiring an attorney.

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FAQ

How Do I Write a Virginia Bill of Sale?The parties' legal names (printed)The date of the bill of sale.Certain descriptive information about the item being sold.The amount the item is being sold for.The signatures of both parties.

Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller.

The mileage on a title may be corrected by obtaining an amended odometer statement from the seller who incorrectly reported the mileage in the first place. A corrected title application can then be processed at any Secretary of State branch office.

The bill of sale should contain identifying information about the buyer and the seller, a description of the vehicle, and recount the terms of the change of ownership.

The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification (Bill of Sale) (SUT 1) signed by the seller or purchaser. Vehicles that have been owned for 12 months or more do not need proof of the purchase price.

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Bill Of Sale Virginia With Odometer Disclosure