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.
Title: Understanding the Indiana Odometer Statement: A Comprehensive Guide Keywords: Indiana, Odometer Statement, Vehicle Title, Vehicle Identification Number (VIN), Title Transfer, Odometer Disclosure, Types of Indiana Odometer Statements Description: The Indiana odometer statement, also known as the Odometer Disclosure Statement, plays a crucial role in the accurate representation of a vehicle's mileage during its sale or transfer in the state of Indiana. This statement ensures transparency and provides protection against fraudulent practices related to vehicle odometer readings. When transferring the title of a vehicle in Indiana, whether by sale, gifting, or inheritance, it is legally required to complete an odometer statement. This statement must accurately disclose the vehicle's mileage at the time of the title transfer. The Indiana odometer statement is designed to prevent the alteration or tampering of a vehicle's odometer reading to deceive potential buyers. It helps buyers make informed decisions by providing essential information related to mileage, which significantly influences a vehicle's value and condition. Primary components of the Indiana odometer statement include: 1. Vehicle Details: The statement requires the vehicle's year, make, model, body type, vehicle identification number (VIN), and title number to be accurately recorded. Ensuring the correct VIN is crucial, as it uniquely identifies each vehicle and prevents any mix-up or confusion. 2. Seller's Disclosure: The seller must provide their name, address, and signature, confirming the accuracy of the provided odometer reading. Sellers must disclose any known discrepancies or inaccuracies in the mileage, warning buyers of potential issues. 3. Buyer's Verification: The buyer must verify the accuracy of the disclosed mileage and confirm the receipt of the Indiana odometer statement. Their signature acknowledges their awareness of the provided information. It is important to note that there are different types of Indiana odometer statements, depending on the vehicle's age and classification. These types include: 1. New Vehicle Odometer Statements: Required for vehicles that have never been titled and are being sold as new. 2. Used Vehicle Odometer Statements: Required for vehicles that have been previously titled and are now being sold as used. This type is the most common and covers most transactions. 3. Title Assignment Odometer Statements: Required when transferring the title of a vehicle without any exchange of physical ownership, such as transferring a title between family members or inheritance. Regardless of the type, accurately completing the Indiana odometer statement is crucial for both sellers and buyers to ensure a smooth and legal title transfer while maintaining transparency in the sale or transfer process. By adhering to the regulations set forth by the Indiana Bureau of Motor Vehicles (BMV) regarding the odometer statement, vehicle sellers and buyers can protect themselves against potential fraud and maintain the integrity of Indiana's vehicle title system.
