Indiana Bill of Sale of Automobile and Odometer Statement
Overview of this form
The Bill of Sale of Automobile and Odometer Statement is a legal document used to transfer ownership of a motor vehicle from a seller to a buyer. This form includes essential details such as the vehicle's make, model, year, and VIN, as well as an odometer disclosure to verify the mileage at the time of sale. Unlike a simple receipt, this document protects both parties by ensuring that the seller guarantees clear title to the vehicle and complies with federal and state odometer disclosure laws.
Main sections of this form
- Seller and buyer information, including names and contact details.
- Vehicle details: make, model, year, body type, and VIN.
- Odometer disclosure statement to confirm the vehicle's mileage.
- Guarantee of ownership free from claims or encumbrances.
- Signatures of the buyer, seller, and a notary public.
Common use cases
You should use the Bill of Sale of Automobile and Odometer Statement when you are selling or purchasing a motor vehicle. It is essential during private sales to ensure legal transfer and proper documentation, especially when registering the vehicle with the state. This form helps prevent disputes about ownership and ensures compliance with odometer laws.
Who needs this form
This form is intended for:
- Individuals selling or buying a personal motor vehicle.
- Dealers transferring sales to private buyers.
- Anyone needing legal proof of ownership and odometer disclosure during a vehicle transaction.
How to complete this form
- Identify the parties involved: fill in the names of the seller and buyer.
- Specify the property: provide the details of the motor vehicle, including make, model, year, body type, and VIN.
- Enter the sale amount: indicate the sale price and ensure it is agreed upon by both parties.
- Complete the odometer disclosure statement to confirm the vehicle's mileage.
- Sign the document in the presence of a notary public for validation.
Notarization requirements for this form
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 provide accurate vehicle details such as VIN or mileage.
- Not signing the document in the presence of a notary.
- Using an outdated version of the form instead of the latest template.
- Leaving out the purchase price or failing to specify liens.
Advantages of online completion
- Convenient access: download and complete the form from anywhere.
- Editability: easily customize the form to fit your specific transaction.
- Reliable legal protection: ensure the document meets state laws and requirements.
- Time-saving: avoid delays by having the form ready before the sale.
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FAQ
If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, vehicles ten years old and older are exempt from the written disclosure requirements.
Some states require a vehicle damage disclosure statement to be completed for certain transactions. Typically, the amount of damage to a motor vehicle is determined by adding the retail value of all labor, parts, and material used in repairing the damage.
Although an Indiana bill of sale isn't legally necessary for every item that is sold, it is an excellent way to document a sale for your personal records.
A Bill of Sale is a legal document that provides proof of ownership.According Indiana laws, you as the seller must provide the document while selling your car. You will also need to fill in the information of the bill of sale in the Form 44237.
A sticker inside the vehicle often reads when the car had its last oil change and what its mileage number was at the time. The interior of the car is evenly important. Examine the usage and wear of the wheel, gear lever and pedals and compare this to the mileage number on the odometer.
To register and title your vessel, you must go to your local BMV and provide proof or ownership, such as the original certificate of title or a bill of sale, proof of residency and Social Security number, and proof that sales tax was paid such as a Certificate of Gross Retail or Use Tax Paid on the Purchase of a Motor
If your vehicle is equipped with an odometer capable of reading 999,999 miles, you need only write in the odometer disclosure "the actual mileage shown" on the odometer. (NOTE: Do not write in tenths of miles.) (Example: If your odometer reads 118, 666.6 miles, you would disclose 118,666 miles on the title.)
An odometer disclosure statement is simply a declaration of a vehicle's mileage as indicated by its odometer, and if whether or not it's an accurate reading. If you've ever sold a car you've actually completed a generic odometer disclosure statement.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.