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.
Keywords: Indiana odometer statement, multiple conditions, types Description: The Indiana odometer statement with multiple conditions refers to a document that must be completed when transferring ownership of a motor vehicle in the state of Indiana. This statement serves as a declaration of the accuracy of the vehicle's odometer reading, ensuring that potential buyers have reliable information regarding the vehicle's mileage. It is an essential part of the title transfer process and helps prevent odometer fraud. The Indiana odometer statement with multiple conditions includes various conditions that must be met before the statement can be issued. Several types of Indiana odometer statements exist, depending on the specific conditions present: 1. Clean Title Odometer Statement: This type of Indiana odometer statement is used when the vehicle's ownership does not have any liens or security interests. It certifies the accuracy of the mileage on the vehicle's odometer and confirms that there are no known discrepancies. 2. Lien holder Odometer Statement: When a vehicle has an outstanding loan or lien, this type of statement is required. It includes an additional section for the lien holder to acknowledge the accuracy of the odometer reading and confirm that they have no knowledge of any discrepancies. 3. Salvage Title Odometer Statement: A salvage title indicates that a vehicle has been significantly damaged or totaled. In such cases, the Indiana odometer statement for a salvage title is necessary. It requires the odometer reading disclosure and a declaration that the mileage displayed may not be accurate due to the vehicle's salvage status. 4. Exempt Odometer Statement: Certain vehicles, such as those over 10 years old or with a gross vehicle weight rating (OVER) over 16,000 pounds, are exempt from standard odometer reporting requirements. The exempt odometer statement is used in such cases, stating that the mileage disclosure is not required. Regardless of the type of Indiana odometer statement, it is crucial to complete the form accurately and honestly. Providing false information on the statement can lead to legal consequences and penalties. Both the seller and buyer must sign the statement to attest to its accuracy, ensuring proper record-keeping and transparency in the vehicle ownership transfer process. In conclusion, the Indiana odometer statement with multiple conditions is a vital document that verifies the accuracy of a vehicle's mileage during the transfer of ownership. Types of Indiana odometer statements include clean title, lien holder, salvage title, and exempt statements, each serving specific circumstances to protect both buyers and sellers.
