Alabama Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
About this form
This Bill of Sale for Automobile or Vehicle, including Odometer Statement and Promissory Note, is a comprehensive form package designed to facilitate the sale of a motor vehicle. This form is essential for detailing the transfer of ownership, documenting the vehicle's condition and mileage, and establishing payment terms when the buyer is making a downpayment and agreeing to pay the remaining balance over time. It effectively protects the rights of both the buyer and seller during the transaction, ensuring clarity and legal adherence. Unlike a standard bill of sale, this package incorporates an odometer disclosure and a promissory note for financing the purchase.
What’s included in this form
- Seller and buyer identification with signatures and printed names.
- Vehicle details including make, model, year, body type, and VIN.
- Purchase price, downpayment, and details about the promissory note.
- Odometer disclosure statement to confirm and document the mileage at transfer.
- Notary section for legal validation.
Situations where this form applies
This form is necessary when a buyer purchases a vehicle and intends to make payments over time after an initial downpayment. It is commonly used in private sales between individuals or when a dealer sells a vehicle using financing options. This package ensures all legal requirements are met for the transfer of ownership, as well as documenting the terms of repayment.
Who should use this form
- Individuals selling a motor vehicle who wish to document the sale and terms of payment.
- Buyers purchasing a vehicle with a downpayment and an installment plan.
- Dealers engaging in sales involving financing options.
- Parties needing to ensure compliance with odometer disclosure laws.
Steps to complete this form
- Identify the parties involved: enter the names and contact details of the seller and buyer.
- Specify the property: fill in the vehicle details including make, model, year, and VIN.
- Enter the financial terms: provide the total purchase price and downpayment amounts.
- Complete the odometer disclosure statement by indicating the current mileage and confirming its accuracy.
- Gather signatures: all parties must sign the document in the presence of a notary public for validation.
Does this form need to be notarized?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to complete the odometer disclosure accurately.
- Omitting signatures or not having the document notarized.
- Not specifying payment terms clearly in the promissory note section.
- Incorrectly filling out vehicle details, leading to discrepancies.
Advantages of online completion
- Convenience of downloading and printing forms from home.
- Editability to customize the form with specific details before finalizing.
- Access to professionally drafted templates created by licensed attorneys for legal reliability.
- Ability to securely store records of the transaction.
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FAQ
The names and contact information (no P.O. The vehicle identification number or VIN. The make, model, and year of the vehicle. The series number and body type. The odometer reading. The buyer's signature. The seller's notarized seller. The sales date.
You not need both parties to be physically present at the time of notarization, but you can only notarize for the person who is appearing before you. The other person can have their signature notarized at another time. Kelle Clarke is a Contributing Editor with the National Notary Association.
A valid bill of sale must include the buyer's name and physical address, the sale date, a description of the vehicle including the make, model, year, body type and vehicle identification number, and the seller's name and physical address. The bill of sale must be signed by both the buyer and the seller.
As, with any legal written document a bill of sale can be handwritten. A bill of sale can be handwritten as long as it includes the information listed above.
Writing the Bill of Sale On the bill of sale template, where the dollar amount is listed, write gift in the allotted space. You'll need to note the date of sale, the car's identification number, make, model and the number of miles on the odometer at the time of the transfer.
The full names and contact information of the buyer and seller. A statement that transfers ownership of the item from the seller to the buyer. A complete description of the item being purchased. A clause indicating the item is sold "as-is"
Where it asks for sale price, you can simply write gift. Both parties will also need to sign the title to make it official, and some states require this to be done in front of a witness. If you own the vehicle outright but can't find the title, your local DMV can issue a replacement.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
In Alabama, a bill of sale is not always required by the Department of Revenue (DOR) for vehicles.All bills of sale must be notarized or have two witnesses to the requisite signatures.
