The New York Statement of Transaction Sale or Gift of Motor Vehicle, Trailer, ATV, Vessel, or Snowmobile is a form used in New York State for the transfer of ownership of a motor vehicle, trailer, ATV, vessel, or snowmobile. It is used to document the sale or gift of the vehicle and must be completed and signed by both the buyer and seller. The form includes information about the vehicle, including the make, model, year, and Vehicle Identification Number (VIN). It also requires the buyer and seller to provide their contact information and other details about the transaction, such as the purchase price and date of sale or transfer. The New York Statement of Transaction Sale or Gift of Motor Vehicle, Trailer, ATV, Vessel, or Snowmobile can be used for the following types of transactions: 1. Private Sale or Gift of a Vehicle: This form is used when a vehicle is sold or gifted between two private individuals. 2. Dealer Sale or Gift of a Vehicle: This form is used when a vehicle is sold or gifted from a dealer to another individual. 3. Lease or Rental of a Vehicle: This form is used when a vehicle is leased or rented from a dealer or other entity. 4. Trust Sale or Gift of a Vehicle: This form is used when a vehicle is sold or gifted from a trust to another individual. 5. Inheritance Sale or Gift of a Vehicle: This form is used when a vehicle is sold or gifted as a result of an inheritance. Once the form is completed and signed, it must be submitted to the New York Department of Motor Vehicles (DMV) to officially transfer ownership of the vehicle.