Bill of Sale (Auto) Definition

A bill of sale is a document that transfers ownership of an asset from a seller to the buyer, a basic agreement for sale of goods, and a sales receipt.

What is included in an auto bill of sale form?

Most auto bill of sale forms include the following information:

  • Amount of consideration paid for the transfer of title and date of purchase.
  • Name and address of seller(s).
  • Name and address of buyer(s).
  • Specific information about the automobile being sold: make/model of the vehicle, VIN number, etc.
  • Signature of the seller(s).
  • Odometer Disclosure Statement as required by federal and state law.
  • Signature of a notary public.

What information is required to be listed in the Odometer Disclosure Statement?

The Odometer Disclosure Statement requires the following information:

  • The seller must disclose the current reading of the odometer and warrant that to the best of his/her ability this reading reflects the actual mileage of the vehicle being transferred to the buyer.
  • The make/model/body type of the vehicle.
  • Name and address of the seller.
  • Name and address of the buyer.
  • Signature of a notary public.

© Copyright 1997-2021 US Legal Forms - All Rights Reserved, a USLegal™ site.