An Automobile Bill of Sale is a crucial document used when transferring vehicle ownership in the United States. It protects both buyer and seller by documenting the terms of the sale, including the vehicle's condition, price, and transfer date. This document is required by most state DMVs for vehicle registration and helps prevent future disputes. The Bill of Sale must comply with the Truth in Mileage Act and state-specific requirements, often needing to include the Vehicle Identification Number (VIN), accurate odometer reading, and both parties' information. It's particularly important in private sales where formal dealership documentation isn't available.
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1. Vehicle Information: Details of the vehicle including make, model, year, VIN, mileage
2. Seller Information: Legal name, address, and contact information of the seller
3. Buyer Information: Legal name, address, and contact information of the buyer
4. Purchase Price: Agreed sale price and payment terms
5. Signatures: Dated signatures of both parties
1. Warranty Information: Details of any warranties provided, use when seller is providing warranties
2. As-Is Clause: Statement that vehicle is sold as-is, use when no warranties are provided
3. Notary Section: Space for notarization, use when required by state law
4. Known Defects: List of known vehicle issues, use when there are specific problems to disclose
1. Vehicle Inspection Report: Detailed report of vehicle condition at time of sale
2. Maintenance Records: History of vehicle maintenance and repairs
3. Photos: Documentation of vehicle condition through photographs
4. Title Documentation: Copies of title and registration documents
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