New Jersey Bill of Sale of Automobile and Odometer Statement
Overview of this form
The Bill of Sale of Automobile is a legal document that facilitates the transfer of ownership of a motor vehicle from one party to another. It includes essential details such as the make, model, year, vehicle identification number (VIN), and the odometer reading at the time of sale. This form not only provides proof of sale but also guarantees that the vehicle is free from any claims or liens. It is distinct from other purchase agreements as it specifically addresses the sale of automobiles and includes an odometer disclosure statement as required by federal law.
Key parts of this document
- Details of the buyer and seller, including names and signatures.
- Description of the vehicle being sold, including make, model, year, and VIN.
- Purchase price and payment method.
- Odometer disclosure statement for legal compliance.
- Notary public acknowledgment for validation.
Situations where this form applies
This form should be used when transferring ownership of a motor vehicle, whether for a private sale or a transaction between individuals. It is essential when selling a car to ensure that both parties have a clear record of the sale, which is crucial for title transfer and future vehicle registration. This document may also be necessary when applying for a certificate of title with the local Department of Motor Vehicles.
Who needs this form
- Vehicle owners looking to sell their automobile.
- Buyers needing proof of purchase to register the vehicle.
- Individuals engaged in private vehicle sales or exchanges.
- Parties wishing to ensure compliance with odometer disclosure requirements.
Completing this form step by step
- Identify the buyer and seller by entering their full names and addresses.
- Provide a detailed description of the motor vehicle, including the make, model, year, and VIN.
- State the purchase price and method of payment.
- Complete the odometer disclosure section with the current mileage reading and any necessary disclaimers.
- Both parties should sign and date the document in the presence of a notary public.
Does this document require notarization?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
Common mistakes
- Omitting to include the vehicle's VIN can lead to registration issues.
- Failing to complete the odometer disclosure correctly can result in legal penalties.
- Not having the document notarized, if required by law, may invalidate the sale.
- Not ensuring both parties retain a copy of the signed form for their records.
Advantages of online completion
- Convenience of downloading and printing from home.
- Editability allows users to customize the form as needed.
- Reliability of forms drafted by licensed attorneys for legal accuracy.
- Access to up-to-date templates that comply with current laws.
What to keep in mind
- The Bill of Sale serves as a legal record of the transfer of vehicle ownership.
- It includes an essential odometer disclosure statement.
- Completing this form accurately protects both buyers and sellers in vehicle transactions.
- Notarization is generally required to enhance the document's legal standing.
Form popularity
FAQ
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.)
A New Jersey bill of sale is a form that uses specific language to transfer the ownership of an item from one person to another.Most New Jersey bills of sale do not need to be notarized.
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.
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.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
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.
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.
A bill of sale has been defined as a legal document made by the seller to a purchaser, reporting that on a specific date at a specific locality and for a particular sum of money or other value received, the seller sold to the purchaser a specific item of personal property, or parcel of real property of which he had
The title completed with the names, addresses, and signatures of the buyer and seller, the date of the transaction, the purchase price, and the driver's license number of the purchaser. The driver's license or another valid form of identification from the purchaser.
