This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Odometer Disclosure Statement Example
State:
Tennessee
Control #:
TN-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Tennessee Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.
California Certificate of Title The Mileage Disclosure section is required by law. Don't forget to enter the mileage on the date of the sale and sign it. Your vehicle title should always be kept in a safe place, as it is proof of ownership of your vehicle, and could be the only form you need to sell your vehicle.
The odometer disclosure should contain: The complete vehicle description (make, year model, body type, and vehicle identification number). The date of sale. Reference to federal and state law with the following or similar wording:
An odometer disclosure statement is a legal document that states the accurate mileage on a vehicle's odometer at the time of transfer from the seller to the buyer. If the seller knows that the car's mileage is incorrect, the document must contain that information.
I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.