Thousand Oaks California Bill of Sale of Automobile and Odometer Statement

State:
California
City:
Thousand Oaks
Control #:
CA-00431
Format:
Word; 
Rich Text
Instant download

Description

This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.

The Thousand Oaks California Bill of Sale of Automobile and Odometer Statement is a legal document used to transfer ownership of a motor vehicle in Thousand Oaks, California. This bill of sale is essential to ensure a transparent and lawful transaction between the buyer and seller. It serves as a proof of purchase and protects both parties from potential future disputes. The Thousand Oaks California Bill of Sale of Automobile and Odometer Statement includes crucial details about the transaction, such as the buyer's and seller's information, vehicle description, sale price, date of sale, and signatures of both parties involved. It acts as a binding contract that outlines the terms of the sale and confirms the transfer of ownership. It is important to note that there are various types of Thousand Oaks California Bill of Sale of Automobile and Odometer Statements, depending on the specific circumstances of the transaction: 1. Standard Bill of Sale: This type of bill of sale is used for general sales of automobiles in Thousand Oaks. It includes all the necessary information required to transfer ownership. 2. As-Is Bill of Sale: This type of bill of sale emphasizes that the vehicle is sold in its current condition, without any warranties or guarantees from the seller. It protects the seller from any post-purchase responsibilities or liabilities. 3. Odometer Disclosure Statement: This statement is a mandatory attachment to the bill of sale in Thousand Oaks, California. It requires the seller to disclose the accurate mileage of the vehicle at the time of sale, ensuring transparency and preventing odometer fraud. 4. Salvage Bill of Sale: In cases where the vehicle has been labeled as salvage due to significant damage or previous insurance write-off, this type of bill of sale is used. It clearly states that the vehicle is being sold as salvage, indicating potential issues or limitations for the buyer. 5. Gift Bill of Sale: When a vehicle is being transferred as a gift without any monetary exchange, a gift bill of sale is utilized to document the transaction and waive any potential taxes or fees associated with a typical sale. It is recommended that both the buyer and seller obtain a copy of the Thousand Oaks California Bill of Sale of Automobile and Odometer Statement for their records. They should keep it in a safe place as proof of ownership transfer and a reference for any future requirements such as registration, insurance, or vehicle history queries.

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FAQ

A bill of sale must accurately establish the chain of ownership and is: Not required to be notarized or witnessed. Not required for sales between California-licensed dealers. Not required for dealer sales to a retail purchaser when the title is properly endorsed.

If you want to make your own bill of sale document, you'll typically want to include the following information: Date of vehicle sale. The seller's full name and address. The buyer's full name and address. Purchase amount. The vehicle's year, make and model. The vehicle identification number (VIN).

Federal law (and State law if applicable) requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.

It is unlawful for any person to disconnect, turn back, advance, or reset the odometer of any motor vehicle with the intent to alter the number of miles indicated on the odometer gauge.

All states are required to provide an odometer disclosure section/space on complying titles or complying forms. The odometer disclosure should contain: The complete vehicle description (make, year model, body type, and vehicle identification number).

In the state of California, it is required that you have a completed bill of sale before you register the vehicle. So you'll need to bring a copy of your car's bill of sale to the DMV when you go. You will also need to have your bill of sale in order to have the title of the car transferred.

To take over ownership of a vehicle, you will need: If the seller is not the owner whose name is on the title, you will need a Bill of Sale signed by both the seller and the person whose name appears on the title. A record of the odometer mileage (if the vehicle is less than 10 years old).

California doesn't publish an official horse bill of sale. Buyers and sellers are free to draft their own. The only requirement, other than buyer and seller signature, is that the bill of sale includes the purchase price.

Vehicle/Vessel Transfer and Reassignment Form (REG 262) This multi-purpose form is only available directly from California DMV, but is only necessary in certain situations. For example if power of attorney is required, or if the title is missing, or if there is not enough room on the Title for any required information.

If the seller is not the owner whose name is on the title, you will need a Bill of Sale signed by both the seller and the person whose name appears on the title. A record of the odometer mileage (if the vehicle is less than 10 years old).

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Thousand Oaks California Bill of Sale of Automobile and Odometer Statement