This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
The Odometer Statement Form for New York, also known as the MV103, is a document used to disclose the mileage on a vehicle during the sale or transfer of ownership. This form is required by the New York State Department of Motor Vehicles (DMV) and serves as an important record to prevent odometer fraud. The Odometer Statement Form is typically completed by the seller and buyer of a motor vehicle in New York. It includes essential information such as the vehicle identification number (VIN), make, model, year, and the actual mileage reading. It is crucial to provide accurate information to ensure transparency in the vehicle transaction. The Odometer Statement Form aims to protect buyers from purchasing vehicles with tampered or inaccurate odometer readings, which might result in misrepresented vehicle condition and value. It acts as a legal statement, assuring the buyer that the mileage displayed on the odometer is the actual mileage traveled. In addition to the standard Odometer Statement Form (MV103), there are specific variations designed for different types of vehicles and circumstances in New York: 1. Odometer Statement for Snowmobiles and All-Terrain Vehicles (MV500.5): This form is used when transferring ownership of snowmobiles and ATVs, requiring the seller to disclose the accurate mileage. 2. Odometer Statement for Boats (MV500.7): This form is used for boat sales and requires the seller to provide the accurate hours of use instead of mileage. 3. Odometer Statement for Trailers (MV500.8): This form is used for transferring trailers' ownership and requires the accurate mileage to be disclosed if applicable. It is crucial for both buyers and sellers to complete these Odometer Statement Forms accurately and truthfully to comply with New York State laws and regulations. Providing false information on these forms may result in legal consequences, including fines and penalties. Overall, the Odometer Statement Forms in New York play a vital role in ensuring honest vehicle transactions while preventing odometer fraud.
