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Odometer Disclosure Statement (Form 43230) Required in order to ensure there exist no odometer discrepancies. Signing Requirements Both the buyer and seller must sign. No notary or witnesses acknowledgment required.
Outline the Terms. Write the terms of payment. Include the full amount, any deposit amount, the date or dates of payments and what types of payment were agreed upon. If you give a deposit or down payment for the car, ask the seller to provide you with a receipt.
When using a bill of sale to transfer ownership, the bill of sale must contain:The purchaser's name.Vehicle description, including the year, make, and model of the vehicle.Vehicle Identification Number (VIN)Seller's signature.Seller's address.
An Indiana bill of sale can be written in plain English. There is no need for legal jargon or archaic terms. It is important to make sure that the bill of sale includes the required elements.
How to Write a Simple Payment Contract LetterThe date that the agreement was signed and thus going into effect.The date of the first payment.The date when each payment after will be made.A grace period, if any.When a payment is considered late.