This is a Bill of Sale of Automobile, Odometer Disclosure Statement, Promissory Note forms package. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
This is a Bill of Sale of Automobile, Odometer Disclosure Statement, Promissory Note forms package. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
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In order to register a vehicle subject to the Alabama title law, a title application must be completed before a registration can be processed. When a certificate of title is not required, only a registration is issued.
E=Exceeds mechanical limits (the odometer has reached the highest numbers mechanically available and has started renumbering at ?1,? in other words it has ?rolled over?). N=Not actual mileage (the odometer is broken, has been replaced, or the current owner is unsure of the true mileage).
I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.
The provisions of this disclosure statement shall not apply to a vehicle that is Exempt from mileage disclosure - this includes: (a) A vehicle that is 10 model years old or older. (b) A vehicle that has a Gross Vehicle Weight Rating (GVWR) of more than 16,000 lbs.
This written disclosure must be signed by the transferor, including the printed name, and shall contain the following information: (1) The odometer reading at the time of the transfer (not to include tenths of miles); (2) The date of the transfer; (3) The transferor's name and current address; (3a) The transferee's ...