Virginia Bill of Sale of Automobile and Odometer Statement
Understanding this form
The Bill of Sale of Automobile is a legal document used to formalize the sale of a motor vehicle from one party to another. This form serves as evidence of the transaction and provides key details about the vehicle, including the make, model, VIN number, and other pertinent information. It also includes an Odometer Disclosure Statement, which is required by federal and, where applicable, state law. This statement ensures transparency regarding the vehicle's mileage at the time of transfer and protects both the buyer and seller from future disputes.
Form components explained
- Identification of the seller and buyer, including names and signatures
- Details of the motor vehicle, such as make, model, year, body type, and VIN
- Odometer Disclosure Statement confirming the mileage and its accuracy
- Guarantee from the seller that the vehicle is free from liens and claims
- Notary acknowledgment to validate the transaction
Common use cases
This form should be used when selling or buying a motor vehicle. It is essential in situations where ownership of the vehicle is being transferred, whether through a private sale, auction, or other means. The Bill of Sale can also help document the condition of the vehicle and its odometer reading at the time of sale, providing added security for both parties involved.
Who should use this form
- Individuals who are selling their personal vehicle
- Buyers purchasing a vehicle from a private seller
- Auto dealers conducting sales of used automobiles
- Any party who needs to document the sale and transfer of ownership for legal purposes
Steps to complete this form
- Identify the parties involved by entering the seller's and buyer's names in the designated fields.
- Provide specific details about the vehicle, including its make, model, year, body type, and Vehicle Identification Number (VIN).
- Enter the sale amount in the space provided, confirming the transaction is complete and accurate.
- Ensure the seller signs and prints their name, confirming ownership and the guarantee that the vehicle is free from claims.
- Complete the Odometer Disclosure Statement, entering the current mileage and ensuring accuracy to avoid penalties.
- Finally, have the form notarized if required, securing the signatures of the seller and buyer for validation.
Notarization guidance
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
- Failing to include accurate vehicle details, such as VIN or mileage.
- Not obtaining a notary's signature when required.
- Leaving fields blank, which can lead to disputes later.
- Not providing copies to both the buyer and seller.
Why use this form online
- Convenient downloading and printing from any location.
- Editability to personalize the document as needed.
- Access to templates drafted by licensed attorneys ensuring legal validity.
- Quick turnaround without needing to visit a lawyer's office.
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"
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.
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.
Step 1: Organize and gather all related vehicle documentation. Step 2: Transfer the Title. Step 3: Remove the seller's license plates from the vehicle. Step 4: Inform the Virginia DMV that you have sold, traded or donated the vehicle. Step 5: Cancel your insurance.
The names, contact information, and signatures of the buyer and seller. A full description of the vehicle. The vehicle identification number or VIN. The sales price. The purchase date.
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
Bills of sale in Virginia, which can be drafted by hand if necessary, do not need to be notarized. However, each document should feature the following information in order to serve its purpose: The names, contact information, and signatures of the buyer and seller. A full description of the vehicle.
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.
1Photo ID.2bill of sale.3Proof of insurance.4Inspection Certificate.5A title signed over to you.6Proof of residency that matches your ID.7Be prepared to pay all titling and/or registration fees.
