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.
Odometer Disclosure Statement Arizona With Lien
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How to fill out Arizona Bill Of Sale Of Automobile And Odometer Statement?
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Federal and state law requires that you state the mileage upon transfer of ownership; failure to complete or providing a false statement may result in fines and/or imprisonment.
If the seller knows this number to be inaccurate, he is also required to provide a written disclosure of this fact. If the vehicle is 10 years old or older, however, the seller can simply note that no disclosure is required or write ?exempt? in the space for where the odometer disclosure is made.
In most states, if the vehicle is less than 10 years old, the seller is required to report the current odometer reading at the time of sale. If the vehicle is over 10 years old, it is exempt from this requirement in many states.
Title Transfers- The law requires all owners to be listed on the new title be present at the time of the transfer. Vehicles five years or older should have undergone the Arizona emissions test within the last 90 days before completion of the title and registration process.
Federal and State law require that the seller states the mileage in connection with the transfer of ownership. Failure to complete the odometer statement, or providing a false statement, may result in fines and/or imprisonment.