Alabama Odometer Statement For Lease Buyout

State:
Alabama
Control #:
AL-00431
Format:
Word; 
Rich Text
Instant download

Description

The Alabama odometer statement for lease buyout is a crucial document used during the transfer of ownership of a motor vehicle, particularly when a lessee opts to buy out their lease. This form ensures compliance with federal and state laws by requiring the seller to disclose the accurate odometer reading at the time of sale. Key features of the form include sections for documenting the vehicle's make, model, body type, VIN, and year, along with a declaration from the seller about the accuracy of the mileage reading. Users must complete the form with the vehicle's details and obtain signatures from both the seller and buyer, as well as notarization. This document is essential for providing legal proof of ownership transfer while safeguarding against potential liabilities linked to incorrect odometer readings. Target audiences, such as attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form beneficial for ensuring that lease buyout transactions adhere to legal standards. Utilizing this form mitigates risks of fines and helps maintain transparent and straightforward transactions in vehicle sales.
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  • Preview Bill of Sale of Automobile and Odometer Statement
  • Preview Bill of Sale of Automobile and Odometer Statement

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

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Bill of Sale

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FAQ

Odometer not certified legend would commonly be reflected on a title when the transaction did not involve a transfer, and therefore, the mileage is not required to be certified. For example, someone moving to Alabama from another state and completing an application for title and registration.

Seller's Signature Seller's Name (Print Name in Full) Mailing Address (Include Street Number and Name, Rural Delivery, Box, Apt. No.) Enter odometer reading exactly as it appears on the vehicle's odometer (excluding tenths) and check applicable boxes.

The Federal Truth in Mileage Act of 1986, requires that you (the transferor) state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.

Odometer Disclosure Statement. Information. Step 1 ? Vehicle Information. Step 2 ? Buyer Information. Step 3 ? Seller Information. Step 4 ? Odometer Information. ? WARNING ? ODOMETER DISCREPANCY ? I hereby certify that the odometer reading is NOT the. Step 5 ? Statement of Buyer.

The Federal Truth in Mileage Act of 1986, requires that you (the transferor) state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.

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Alabama Odometer Statement For Lease Buyout