This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.
Indiana Bill of Sale of Automobile and Odometer Statement
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If the odometer mileage is incorrect, the law requires a statement to that effect to be furnished on the title to the buyer. However, vehicles ten years old and older are exempt from the written disclosure requirements.
Some states require a vehicle damage disclosure statement to be completed for certain transactions. Typically, the amount of damage to a motor vehicle is determined by adding the retail value of all labor, parts, and material used in repairing the damage.
Although an Indiana bill of sale isn't legally necessary for every item that is sold, it is an excellent way to document a sale for your personal records.
A Bill of Sale is a legal document that provides proof of ownership.According Indiana laws, you as the seller must provide the document while selling your car. You will also need to fill in the information of the bill of sale in the Form 44237.
A sticker inside the vehicle often reads when the car had its last oil change and what its mileage number was at the time. The interior of the car is evenly important. Examine the usage and wear of the wheel, gear lever and pedals and compare this to the mileage number on the odometer.
To register and title your vessel, you must go to your local BMV and provide proof or ownership, such as the original certificate of title or a bill of sale, proof of residency and Social Security number, and proof that sales tax was paid such as a Certificate of Gross Retail or Use Tax Paid on the Purchase of a Motor
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.)
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.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.