Montana Bill of Sale of Automobile and Odometer Statement
What this document covers
The Bill of Sale of Automobile is a legal document that facilitates the sale of a motor vehicle, providing proof of the transaction between the seller and buyer. This form is unique because it includes an Odometer Disclosure Statement, which is a requirement under federal and state laws to ensure transparency about the vehicle's mileage at the time of sale. This form serves not only as proof of ownership transfer but also protects the rights of both the seller and buyer in the vehicle sale process.
Main sections of this form
- Names and signatures of the seller and buyer.
- Details about the vehicle including make, model, year, VIN, and body type.
- Sales price and payment confirmation.
- Warranty of ownership, ensuring the seller has the right to sell the vehicle.
- Odometer Disclosure Statement with the current mileage reading.
- Notary public section for legal validation of the transaction.
State-specific compliance details
This Bill of Sale of Automobile is designed to comply with legal requirements in Montana, including necessary disclosures related to odometer readings. Be sure to check any additional state-specific regulations that may apply if you are located outside of Montana.
Situations where this form applies
This form should be used whenever you sell or purchase a motor vehicle. It provides the necessary legal proof of the transaction and protects both parties involved. Use it in situations such as private sales, transfers of ownership, or when a vehicle is sold as-is without any warranty from the seller concerning its condition. Completing this form ensures that both buyer and seller have an accurate and legally binding record of the transaction.
Intended users of this form
This form is suitable for:
- Individual sellers transferring ownership of their motor vehicle.
- Buyers acquiring a vehicle through private sales.
- Dealers and businesses engaged in vehicle sales.
- Anyone needing to document the sale for financial or legal reasons.
Steps to complete this form
- Identify and enter the names of the seller and buyer.
- Fill in the vehicle details such as make, model, year, body type, and VIN.
- Specify the sale amount, including both numerically and in words.
- Sign the document in the presence of a notary public.
- Complete the odometer disclosure section, stating the current mileage.
Does this document require notarization?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
Common mistakes
- Failing to complete the odometer disclosure, which is required by law.
- Not having the form notarized when required, making the document less enforceable.
- Leaving out critical vehicle information like the VIN or body type.
- Not accurately stating the sale price or payment details.
Advantages of online completion
- Convenient download and immediate access to legally vetted templates.
- Editable fields allow you to personalize the document for specific transactions.
- Reliable legal framework, ensuring you meet necessary legal requirements.
Form popularity
FAQ
Sellers are required to do two things when selling a car in NSW. They must provide the buyer with proof of their entitlement to register the vehicle. Acceptable documents are: An original copy of a registration certificate, renewal notice, or other registration document signed by the previous owner.
Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.
A signed bill of sale provides important legal protections to the buyer and even to the seller. For the buyer, the bill of sale proves that a transaction took place. This information is extremely important if something serious is wrong with the vehicle that the seller knew about but failed to notify the buyer of.
In fact, the State of Montana requires you to use their bill of sale. It must be notarized. You'll also need the vehicle's title or, if you've moved from another state, the registration certificate from that state.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
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.
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.
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.
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.
