This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.
The Texas automobile odometer statement with VIN number is a legally required document used in the state of Texas to verify the accuracy of a vehicle's odometer reading at the time of sale or transfer. This statement aims to prevent odometer fraud and provide protection to potential buyers by ensuring transparency in the vehicle's mileage information. The Texas Department of Motor Vehicles (DMV) mandates that this statement be completed for every vehicle model year of 2011 or newer. The statement includes the vehicle identification number (VIN) as well as detailed information about the vehicle, such as the make, model, year, and any previous titles or registrations. It also requires the seller to disclose the current mileage reading and any known discrepancies or alterations to the odometer. Failure to provide an accurate odometer statement or knowingly misrepresenting the mileage can result in severe penalties under Texas law. It is essential for both sellers and buyers to understand the importance of this document and ensure its proper completion. Different types of TX automobile odometer statements may include: 1. Seller's Odometer Disclosure Statement: This is the standard type of TX automobile odometer statement used when a vehicle is sold by a private individual or dealership. The seller must accurately disclose and certify the mileage information, allowing the buyer to make an informed decision based on the vehicle's actual usage. 2. Dealer Reassignment Supplement: When a dealer purchases a vehicle with an incomplete or missing title, they may use this type of TX automobile odometer statement. It serves as a temporary document until a new title can be obtained. The dealer must disclose the mileage and provide relevant vehicle details. 3. Power of Attorney Odometer Statement: In cases where the seller authorizes someone else to complete the transaction on their behalf through a Power of Attorney, this statement is used. The authorized individual must provide accurate mileage information and disclose any known odometer issues. In conclusion, the TX automobile odometer statement with VIN number is a crucial legal document in Texas that certifies the accuracy of a vehicle's mileage at the time of sale or transfer. It ensures transparency and protects buyers from potential odometer fraud. The different types of odometer statements include the Seller's Odometer Disclosure Statement, Dealer Reassignment Supplement, and Power of Attorney Odometer Statement. It is essential for both sellers and buyers to understand the significance of this document and comply with its requirements.
