Oregon Bill of Sale of Automobile and Odometer Statement for As-Is Sale
Understanding this form
This Bill of Sale of Automobile and Odometer Statement for As-Is Sale serves as a legal document that establishes the transfer of ownership of a vehicle from the seller to the buyer. It ensures that the seller claims legal title to the vehicle and disclaims any warranties regarding its condition, selling it "as-is." The form also includes an odometer disclosure statement, which is a federal requirement. This makes it distinct from other sales documents that may include warranties or guarantees about vehicle quality.
Form components explained
- Identification of the seller(s) and buyer(s) involved in the sale.
- Details about the vehicle, including make, model, body type, VIN, and year.
- Confirmation that the vehicle is owned by the seller and free of claims.
- Statement that the vehicle is sold "as-is" without any warranties.
- Odometer disclosure requirements to ensure legal compliance.
- Signatures of both parties and notarization if applicable.
Situations where this form applies
This form should be used when selling or purchasing a motor vehicle for cash payment. It is particularly useful in private sales where the buyer accepts the vehicle's condition as-is, meaning they agree to take on any existing issues with the vehicle. Additionally, this form can be necessary for any transactions where a clear record of the sale and odometer reading is required for title transfer.
Who needs this form
- Individuals selling a vehicle in a private sale.
- Buyers purchasing a vehicle without any dealer involvement.
- Anyone needing to document the sales agreement for a vehicle transfer.
- Both parties who wish to maintain a record for future reference regarding ownership and condition.
Completing this form step by step
- Identify the seller(s) and buyer(s) by entering their full names and contact information.
- Specify the vehicle details, including make, model, year, body type, and VIN.
- Enter the sale price of the vehicle and the date of the transaction.
- Both parties should read and understand the "as-is" clause before signing.
- Add signatures of the seller(s) and buyer(s) along with printed names.
- If required, have the document notarized to finalize the sale.
Does this document require notarization?
Yes, this form must be notarized to be legally valid. Notarization provides an extra layer of verification for the transaction, confirming the identities of both parties and ensuring they both understand the document they are signing. US Legal Forms offers integrated online notarization services which are available 24/7 through secure video calls, making the process seamless and efficient.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to specify the vehicle's accurate VIN can lead to disputes.
- Not completing the odometer disclosure statement correctly.
- Omitting signatures from one or both parties, making the form invalid.
- Not clearly stating the payment method or amount can create confusion.
Why complete this form online
- Convenience of downloading the form at any time from your home.
- Editable fields allow you to customize the form easily to meet your needs.
- Access to templates created by licensed attorneys to ensure legal compliance.
- Quick and easy access to necessary legal documentation without going through complex procedures.
Legal use & context
- This bill of sale serves as proof of ownership and protects against claims of misrepresentation.
- Using a bill of sale is vital for transferring title and registration with the Department of Motor Vehicles (DMV).
- The Odometer Disclosure Statement is required by federal law when transferring ownership of a motor vehicle.
Main things to remember
- The Bill of Sale of Automobile and Odometer Statement secures the transfer of ownership for a vehicle sold as-is.
- Accurate completion of the form is crucial to avoid future disputes.
- Notarization is necessary for legal validity in the transfer of vehicle ownership.
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FAQ
21. As of October 21, the Oregon Driver and Motor Vehicle Services Division (DMV) will not accept a dismantler's bill of sale in lieu of a title when obtaining an Oregon title.
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.
Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid. Some states require a bill of sale while others don't.
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.
There is no legal requirement to notarize an Oregon bill of sale.
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.
Seller's and buyer's names and addresses. Date of sale. Title number. Plate number. Year. Make. VIN. Sale price.
The bill of sale is not a form of title, but you could use it to obtain the vehicle's title from the DMV. It's also important to note that the legality of your bill of sale depends on whether it bears or the necessary information or not.Full legal names and addresses, as well as signatures of the buyer and seller.
