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.
The Memphis Tennessee Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legally binding document that serves as proof of a transaction between a buyer and a seller in the sale of an automobile. This document outlines the specific details of the sale and provides protection for both parties involved. Keywords: Memphis Tennessee, Bill of Sale, Automobile, Odometer Statement, As-Is Sale. The Bill of Sale section of the document clearly states that the seller is transferring ownership of the vehicle to the buyer. It includes important information such as the make, model, year, vehicle identification number (VIN), and license plate number of the automobile. This ensures that both parties are fully aware of the vehicle being sold. Additionally, the Bill of Sale section also includes the sale price, payment terms, and any conditions that the buyer and seller have agreed upon. This may include warranties, guarantees, or any other specific arrangements made during the negotiation process. Furthermore, the Odometer Statement section is an essential part of the document. It verifies the accuracy of the vehicle's mileage at the time of the sale. The seller is required by law to disclose the true mileage of the automobile and acknowledge that it reflects the actual mileage on the odometer. This section helps to prevent Odometer Fraud and ensures that the buyer has an accurate record of the vehicle's usage. It is important to note that the Memphis Tennessee Bill of Sale of Automobile and Odometer Statement for As-Is Sale acknowledges that the vehicle is sold in "as-is" condition. This means that the buyer is assuming all responsibility for any existing defects or issues with the vehicle, and the seller is not held liable after the sale has taken place. Different types of Memphis Tennessee Bill of Sale of Automobile and Odometer Statement for As-Is Sale may include variations such as private party sales, dealership sales, or sales involving a consignment agreement. Each type may have specific terms and conditions that are relevant to the particular sale, but they all serve the same purpose of documenting the transfer of ownership and protecting both parties involved in the transaction.
