The Collin Texas Bill of Sale of Automobile and Odometer Statement is a legal document used when an individual or entity in Collin County, Texas, sells or transfers ownership of a motor vehicle to another party. This document provides a written record of the transaction and protects both the buyer and seller by outlining the terms and conditions of the sale. The primary purpose of the Collin Texas Bill of Sale of Automobile and Odometer Statement is to document the sale and transfer of ownership, including the vehicle's details, such as make, model, year, color, Vehicle Identification Number (VIN), and mileage. It also includes crucial information about the seller, buyer, and the purchase price agreed upon. Additionally, the Odometer Statement is an essential component of the Collin Texas Bill of Sale. It verifies the vehicle's mileage at the time of sale, ensuring that the buyer is aware of the accurate mileage recorded on the odometer. This statement prevents fraud and protects consumers from unknowingly purchasing a vehicle with tampered mileage. There may be different types or variations of the Collin Texas Bill of Sale of Automobile and Odometer Statement, such as: 1. Standard Collin Texas Bill of Sale: This is the most common type of bill of sale used in Collin County, Texas. It includes all the necessary information about the vehicle, odometer reading, buyer, and seller, ensuring a comprehensive record of the transaction. 2. Collin Texas Bill of Sale with Notary Public: In some cases, parties may opt to have the bill of sale notarized to add an extra layer of authenticity and legality. This type of bill of sale includes the acknowledgment and stamp of a notary public, making it a more robust legal document. 3. Collin Texas Bill of Sale for Vehicles with Liens: If the vehicle has an outstanding lien or loan against it, a specialized bill of sale may be required. This type of bill of sale ensures that the lien holder's rights are properly addressed, and the buyer assumes responsibility for paying off the lien. Overall, the Collin Texas Bill of Sale of Automobile and Odometer Statement is a crucial document when buying or selling a vehicle in Collin County, Texas. It protects both parties involved and provides a detailed record of the transaction, including the vehicle's details and accurate odometer reading.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.