This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
Oklahoma Bill of Sale of Automobile and Odometer Statement for As-Is Sale
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Description
Definition and meaning
The Oklahoma Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document that facilitates the transfer of ownership of an automobile from one party to another in Oklahoma. It serves dual purposes: documenting the sale transaction and providing necessary odometer disclosure as mandated by federal law. This form is particularly important for both sellers and buyers to ensure clarity and legality in the sale process.
How to complete a form
To properly fill out the Oklahoma Bill of Sale, follow these steps:
- Begin by entering the date of sale.
- Identify the seller and buyer by providing their full names and addresses.
- Document the purchase price, stating the cash amount and other considerations.
- Provide detailed information about the vehicle, including make, model, year, body type, and Vehicle Identification Number (VIN).
- Both parties must sign the document, confirming the agreement.
- Complete the Odometer Disclosure Statement accurately, verifying the vehicle's mileage at the time of sale.
- Have the document notarized to validate it officially.
Who should use this form
The Oklahoma Bill of Sale of Automobile and Odometer Statement for As-Is Sale is intended for individuals engaged in the sale or purchase of a vehicle in Oklahoma. This includes private sellers, automotive dealers, and buyers who want to ensure a smooth and legal transfer of vehicle ownership. Additionally, anyone who wishes to document the sale for future reference or legal protection should utilize this form.
Key components of the form
This form consists of several essential elements:
- Seller and Buyer Information: Names and addresses of the parties involved.
- Vehicle Description: Specific details such as make, model, year, VIN, and body type.
- Sale Price: The total amount paid for the vehicle.
- As-Is Clause: A statement indicating that the vehicle is sold without warranties.
- Odometer Disclosure: A section where the seller verifies the vehicle's mileage.
- Signatures: Required signatures from both seller and buyer, along with the date.
What documents you may need alongside this one
When completing the Oklahoma Bill of Sale, it is recommended to have the following documents available:
- Title of the Vehicle: The existing title document must be presented and signed over to the buyer.
- Identification: Government-issued identification for both parties to verify identity.
- Proof of Payment: Receipts or transaction records that confirm the sale price.
What to expect during notarization or witnessing
Notarization is a crucial step in validating the Oklahoma Bill of Sale. Here’s what to expect:
- The seller and buyer must present valid photo identification to the notary.
- Both parties should sign the document in the presence of the notary.
- The notary will verify the identities and ensure that both parties understand the agreement before signing and sealing the document.
- After notarization, the notary will record the transaction in their journal as required by law.
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How to fill out Oklahoma Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
Getting the Oklahoma certificate of title. You must provide assignment of it as well as a notary to witness it. Releasing any liens that are active. Completing and obtaining an odometer disclosure statement. Submitting a bill of sale to the buyer.
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.
Writing the Bill of Sale On the bill of sale template, where the dollar amount is listed, write gift in the allotted space. You'll need to note the date of sale, the car's identification number, make, model and the number of miles on the odometer at the time of the transfer.
A Bill of Sale form will not be sufficient if you wish to purchase a vehicle, but the owner does not have a certificate of title. To transfer ownership of a vehicle, a negotiable certificate of title, properly assigned to the new owner(s), is required.
The following line says Signature of buyer. The buyer should sign on this line. Next to that, the buyer should print their name. Note that if two people are taking ownership of the car, both people must fit their names on the same lines. The next line says Name of seller. The seller should print their name there.
The date the bill of sale was created. The legal name of both the buyer and seller as well as who is who. The physical address of both the buyer and the seller. The terms of the sale.
Wait to sign until you are before a Notary. Front of title bottom half - sign name(s) on the line where it reads "Signature of Seller(s)." Front of the title to the right of where you signed name(s) - print name(s) on the line where it reads "Printed Name of Seller(s)."
A properly assigned and notarized Oklahoma certificate of title. Verification of liability insurance (motor vehicles only). Lien release for any active liens.
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.