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 Odometer Disclosure Statement (ODS) is an essential legal document used in the state of California to record and verify the accurate mileage of a motor vehicle at the time of its sale or transfer. This form is required by the California Department of Motor Vehicles (DMV) and is crucial for preventing odometer fraud. The Odometer Disclosure Statement form in California aims to protect consumers from purchasing vehicles with tampered or false mileage readings. It ensures transparency and honesty in vehicle transactions, helping buyers make informed decisions. The form is typically completed by the seller of the vehicle and must include key information such as the vehicle identification number (VIN), make, model, year, and the current mileage. There are different types of Odometer Disclosure Statement forms used in California, depending on the situation and party involved in the transaction. Some commonly used forms include: 1. REG 262: This form is used for the transfer of ownership of a motor vehicle, either through a private party sale, dealership, or auction. It includes sections where the seller discloses the mileage information and signs to certify its accuracy. 2. REG 262-M: This form is a specific variant of the REG 262 used in motorcycle transactions. It follows the same guidelines as the standard REG 262 but is designed specifically for motorcycles. 3. REG 262-C: This form is used when a vehicle is being transferred to a California dismantled or a licensed automobile dealer. It includes additional information about the vehicle's conditions and whether the odometer is inoperable or has been replaced. It is crucial for both buyers and sellers in California to ensure that the appropriate Odometer Disclosure Statement form is completed accurately, signed by the involved parties, and retained as a record. Failure to properly disclose the mileage or tampering with the form can result in legal consequences and penalties. In conclusion, the Odometer Disclosure Statement form in California is a critical document that safeguards consumers from odometer fraud. It verifies and records the accurate mileage of a vehicle during the sale or transfer process, ensuring transparency and fair transactions. Buyers and sellers must be aware of the different types of Odometer Disclosure Statement forms and their specific use cases to comply with the state's regulations and protect themselves from potential legal issues.
