Utah Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
Understanding this form
The Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note is a comprehensive legal document used to formalize the sale of a motor vehicle. It includes essential parts such as the bill of sale, an odometer disclosure for compliance with federal and state laws, and a promissory note if the buyer is making payments over time. This form provides clear, legal documentation of the transaction between the buyer and seller, making it distinct from simpler versions of a bill of sale that may not cover financing details or odometer statements.
Key components of this form
- Bill of Sale: Confirms the transfer of ownership from the seller to the buyer.
- Odometer Disclosure Statement: Requires sellers to declare the vehicle's mileage to avoid fraud.
- Promissory Note: Details the financing arrangement, including payment terms and default conditions.
- Signatures: Requires the signatures of both parties to validate the transaction.
- Notary Section: Ensures the document is properly witnessed and legally binding.
When this form is needed
This form should be used when selling or buying a vehicle, particularly when the buyer intends to pay in installments or make a down payment. It serves to protect both parties by documenting the sale terms, including the vehicle's specified mileage and ownership transfer. It's suitable for private sales where the seller wants to secure payment over time while complying with legal requirements regarding odometer readings.
Who can use this document
- Individuals buying or selling a vehicle privately.
- Buyers who wish to finance their vehicle purchase through a down payment and subsequent payments.
- Sellers who want to ensure legal compliance when transferring vehicle ownership.
- Anyone needing to document the condition and odometer reading on a vehicle during sale.
How to complete this form
- Identify and list the parties involved: Enter the names and addresses of the seller(s) and buyer(s).
- Specify the details of the vehicle: Record the make, model, year, and vehicle identification number (VIN).
- Enter the purchase price: Clearly state the total price and any down payment amount.
- Complete the odometer disclosure: Accurately state the current mileage and certify its validity.
- Finalizing the promissory note: Specify payment terms and have all parties sign the document.
Is notarization required?
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.
Avoid these common issues
- Failing to provide accurate mileage on the odometer disclosure.
- Not including all necessary signatures from both the buyer and seller.
- Omitting key details about the vehicle, such as the VIN or model year.
- Not having the document notarized when required by law.
Benefits of using this form online
- Convenience: Download and fill out the form at your own pace from any location.
- Editability: Easily modify the template to suit specific transaction needs.
- Reliability: Access legal forms drafted by licensed attorneys to ensure compliance and correctness.
Legal use & context
- This form serves as paramount legal proof of vehicle ownership transfer.
- The odometer disclosure is essential to comply with federal laws regarding vehicle sales.
- Properly completed and notarized, this document can be used in court to settle disputes related to the sale.
Summary of main points
- The Bill of Sale for Automobile is important for documenting vehicle sales, especially when partial payments are involved.
- Always disclose accurate odometer readings to comply with legal requirements.
- Having the form notarized ensures its legality and protects both buyer and seller.
Form popularity
FAQ
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"
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.
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.
Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.
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.
Know the Salt Lake City Market. Price Your Vehicle Competitively for Salt Lake City. Give Your Vehicle "Curb Appeal" Research Where to Advertise Your Vehicle in Salt Lake City. Create Ads That Sell. Show Your Vehicle. Negotiate for Your Best Price.
No, a Utah bill of sale is not required to register a motor vehicle.However, the Utah State Tax Commission provides a bill of sale for your use. You must have a properly assigned title to register a car in the State of Utah. Depending on your county, you may also need a VIN inspection and an emission inspection.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
Provide the signed-off car certificate of title. Submit to the buyer a valid and current registration certificate. Hand over valid and current emissions certificates.
