Rhode Island Bill of Sale of Automobile and Odometer Statement for As-Is Sale
What this document covers
The Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document that facilitates the transfer of ownership of a motor vehicle from a seller to a buyer. This form underscores that the automobile is sold "as-is," meaning that the seller does not guarantee its condition, nor does the buyer have recourse for any defects after the sale. This form is essential for protecting both parties by clearly stating the terms of the sale and includes an odometer disclosure statement to ensure compliance with federal law regarding mileage reporting.
Key components of this form
- Identification of the seller(s) and buyer(s).
- Details about the motor vehicle, including make, model, year, and VIN.
- Sale price and terms of payment.
- Statement of ownership and warranty disclaimers.
- Odometer disclosure section to report mileage at the time of transfer.
- Signature lines for both seller(s) and buyer(s) and notarization section.
Situations where this form applies
This form should be used whenever an automobile is being sold privately without any warranties attached. It is relevant in situations where the buyer is aware that they are purchasing a vehicle in its current condition, perhaps after a thorough inspection. This is particularly useful for private sales, estate sales, or transactions involving older vehicles that the seller may not want to warrant.
Intended users of this form
- Individual sellers of motor vehicles looking to transfer ownership.
- Buyers seeking to document the purchase of a vehicle without warranties.
- Estate executors handling the sale of an automobile from a deceased's estate.
- Parties engaging in private automobile sales where legal documentation is required.
How to prepare this document
- Identify the parties involved by filling in the names and addresses of the seller(s) and buyer(s).
- Specify the details of the vehicle, including its make, model, year, and Vehicle Identification Number (VIN).
- Enter the agreed sale price in both words and numerals.
- Complete the odometer disclosure section by stating the current mileage and any discrepancies.
- Both parties must sign the form, with a notary public witnessing the signatures to finalize the transaction.
Notarization requirements for this form
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.
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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.
Mistakes to watch out for
- Failing to complete all required fields, especially the odometer disclosure.
- Not having the form notarized when required, which can lead to issues with title transfer.
- Misstating the details of the vehicle (e.g., VIN, mileage) which can cause legal complications.
- Omitting the terms of sale, which may lead to misunderstandings between buyer and seller.
Why complete this form online
- Convenience of immediate access and downloadable formats for easy printing.
- Editable templates allow users to customize the form to fit specific transaction needs.
- Drafted by licensed attorneys ensuring legal soundness and compliance with current laws.
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FAQ
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.
The date the Rhode Island bill of sale is created should be at the top of the page. You'll need the legal name and physical address for both the buyer and the seller. Next, you'll insert the description of the item. The next provision is the terms of sale.
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"
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.
A Rhode Island bill of sale for a motor vehicle doesn't need to be notarized, but you can have it notarized if you'd like to do so.
The Bill of Sale should include all the basic information about the car, such as year, make, model, VIN number, color; it must also include the purchase price.
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.
Write the title "Bill of Sale" at the top of the paper. Write the buyer's full name and address under the title of "Buyer." Write the seller's full name and address under the title of "Seller." Write down the year, make, model, color, current odometer reading, and Vehicle Identification Number from the vehicle.
