Maine Bill of Sale of Automobile and Odometer Statement for As-Is Sale
About this form
This Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document used during the sale of a motor vehicle. It confirms the transfer of ownership from the seller to the buyer, ensuring that the seller guarantees the vehicle is free from any claims. The form specifies that the automobile is sold "as-is," meaning the buyer accepts the vehicle in its current condition without any warranties. This form also includes an Odometer Disclosure Statement, which must be completed to comply with federal laws regarding mileage disclosures.
What’s included in this form
- Seller and buyer information, including signatures
- Description of the vehicle, including make, model, year, and VIN
- Price of the vehicle and payment confirmation
- Statement of guarantee that the vehicle is free from claims
- As-is sale indication with acceptance of current condition
- Odometer Disclosure Statement to confirm mileage
- Notary acknowledgment for validation
Jurisdiction-specific notes
This form is suitable for use in Maine, where specific language and clauses comply with state laws governing the sale of automobiles. Users should ensure they adhere to local regulations regarding motor vehicle sales and notary requirements.
When to use this form
You would use this bill of sale when selling or purchasing an automobile. It is essential in situations where the vehicle is sold without any warranties, particularly when the buyer is expected to have inspected the vehicle beforehand. This document protects the interests of both the seller, by ensuring clarity regarding ownership and claims, and the buyer, by noting the vehicle's condition and mileage at the time of sale.
Who needs this form
- Individuals selling their personal vehicle.
- Buyers purchasing a used vehicle from a private seller.
- Those seeking to document the sale terms to avoid future disputes.
- Sellers who prefer to sell their vehicle as-is without providing warranties.
How to complete this form
- Identify the parties: Enter the names of the seller(s) and buyer(s).
- Specify the property: Fill in the details of the motor vehicle, including make, model, year, and VIN.
- Enter the sale price: State the amount paid for the vehicle in both textual and numerical formats.
- Include the vehicle condition: Clearly indicate that the vehicle is sold "as-is."
- Complete the Odometer Disclosure: Provide the current odometer reading and certify its accuracy.
- Have the form notarized: Ensure the seller's signature is notarized for legal validity.
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.
Mistakes to watch out for
- Not providing a complete description of the vehicle.
- Failing to sign the document or have it notarized where required.
- Omitting the odometer reading or certifying false information.
- Not documenting any existing vehicle conditions or issues.
Benefits of using this form online
- Convenient access to the form from any device.
- Editability allows customization to specific needs.
- Reliability, ensuring the form is drafted by licensed attorneys.
- Quick download with no need for physical paperwork.
Form popularity
FAQ
Yes, a piece of paper can serve as a bill of sale. As long as it includes the essential elements, such as the buyer's and seller's information, vehicle details, and the sale terms, it is valid. A Maine Bill of Sale of Automobile and Odometer Statement for As-Is Sale can be written on any standard paper, making it accessible for anyone looking to document their vehicle transaction simply and effectively.
The bill of sale is not a form of title, but you could use it to obtain the vehicle's title from the DMV. It's also important to note that the legality of your bill of sale depends on whether it bears or the necessary information or not.Full legal names and addresses, as well as signatures of the buyer and seller.
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.
Begin by labeling the receipt as "Bill of Sale" and list the date of the transaction. Identify all the pertinent identification for your car so there's no confusion about what's being sold. Write the car make, model, registration number and mileage on the face of the receipt.
Typically, the Purchaser does not need to sign the Bill of Sale. However, some jurisdictions will require the Purchaser to sign the Bill of Sale for some or all forms of transactions. You should check your local laws to verify whether the Purchaser's signature is required for your specific sale.
When writing a bill of sale, make sure it contains: the seller's name and address, the buyer's name and address, a description of the item being sold and if it's for a vehicle make sure to include, the vehicle identification number, the date of transaction, the previous owner, the amount paid, the method of payment and
Name and address of the seller. Name and address of the buyer. Vehicle description, including Vehicle Identification Number (VIN), make, model, year. Amount of sale.
As soon as you've been paid for the car, you need to complete the following essential paperwork: Write a receipt and make two copies one for you and one for your buyer. It should include the date, price, registration number, make and model, plus you and your buyer's names and addresses.
Is a bill of sale required in California? While a bill of sale is not a legal requirement in California, it's a good idea to have one if you sell or purchase a vehicle. There is no specific form required, but the California Department of Motor Vehicles (DMV) has a bill of sale form.
To sell a vehicle privately in Maine, you must be able to provide your buyer with the vehicle's official title and a bill of sale that states the vehicle's selling price and odometer reading.
