Missouri Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
Understanding this form
The Bill of Sale for Automobile or Vehicle includes an Odometer Statement and a Promissory Note, serving as a complete documentation package for transferring ownership of a vehicle. This form is especially useful when the buyer makes a down payment and agrees to pay the remaining balance over time. Unlike a standard Bill of Sale, this package also emphasizes compliance with odometer disclosure requirements and includes financial terms detailed in the Promissory Note.
Key components of this form
- Bill of Sale: documents the transfer of ownership of a motor vehicle.
- Odometer Statement: requires the seller to disclose the current mileage and any discrepancies.
- Promissory Note: outlines payment terms, including down payment and installment plans.
- Signatures: requires both seller and buyer to sign for legal validity.
- Notary section: ensures the authenticity of the document through notarization.
Common use cases
This form is suitable when selling or purchasing a vehicle, particularly in situations where the buyer pays a portion upfront and the rest over time. It is essential to use this form if you want to ensure legal compliance in documenting the sale and the odometer disclosure, as well as to formalize the payment agreement between the buyer and seller.
Who this form is for
This form is intended for:
- Individuals selling or buying a motor vehicle.
- Buyers who plan to finance a portion of the vehicle through a payment plan.
- Anyone needing to document the sale for legal and taxation purposes.
Steps to complete this form
- Identify the parties involved: fill in the names and addresses of the buyer and seller.
- Specify the vehicle details: enter the make, model, year, and Vehicle Identification Number (VIN).
- State the financial terms: indicate the purchase price, down payment, and balance owed.
- Complete the odometer disclosure: fill in the current mileage and certify it is accurate.
- Add signatures: both the buyer and seller need to sign the document and have it notarized.
Does this form need to be notarized?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
Common mistakes to avoid
- Failing to complete the odometer disclosure section correctly.
- Not having both parties sign the form.
- Omitting crucial vehicle details such as the VIN.
- Ignoring state-specific requirements that may apply to the sale.
Why use this form online
- Convenience: quickly download and fill out the form from anywhere.
- Editability: customize the document as needed before finalizing the sale.
- Reliability: ensure the form complies with legal standards and requirements.
Legal requirements by state
This Bill of Sale for Automobile or Vehicle is compliant with Missouri regulations, ensuring appropriate legal terminology and formatting suitable for vehicle transactions within the state. Always check local laws for any additional requirements.
Form popularity
FAQ
In Missouri, a vehicle bill of sale does not need to be notarized to be valid. However, having the document notarized can provide an extra layer of protection and authenticity for both the buyer and seller. It is a good practice to keep a signed copy for your records, especially if your bill of sale includes important details like the odometer statement and promissory note. You can find templates on USLegalForms that guide you through the process.
When you're writing a Missouri bill of sale, you should include the year, make, and model; the title number; and the VIN. The seller is responsible for completing an Odometer Disclosure Statement (Form 3019). A Missouri bill of sale for a motor vehicle may be notarized, but it isn't a legal requirement.
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.
You must provide the following to the vehicle buyer: Properly assigned Certificate of Title (see instructions); Safety inspection certificate, less than 60 days old; An emissions inspection not more than 60 days old, if you reside in St. Louis City or the following counties: Franklin, Jefferson, St.
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.
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.
When you're writing a Missouri bill of sale, you should include the year, make, and model; the title number; and the VIN. The seller is responsible for completing an Odometer Disclosure Statement (Form 3019). A Missouri bill of sale for a motor vehicle may be notarized, but it isn't a legal requirement.
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"
Purchaser(s) Name All purchasers' names should be recorded. Purchaser(s) Address The physical address of the purchaser should be recorded. Date of Sale The sale date must be recorded as month, day, and year. Model Should be recorded.
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.
