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.
Florida Odometer Disclosure with Lien Release: A Comprehensive Guide In the state of Florida, an odometer disclosure with lien release serves to protect both the buyer and the seller in a vehicle transaction. This critical document ensures that the buyer is aware of the vehicle's mileage and any existing liens against it. To aid you in understanding this process, we will delve into the details of Florida's odometer disclosure with lien release, explaining its purpose, requirements, and different types available. When purchasing a vehicle in Florida, it is essential to obtain accurate information about its mileage. The odometer disclosure with lien release, also known as Form HMV 82995, plays a vital role in this process. This document protects buyers by providing a legally binding record of the vehicle's mileage at the time of sale. The Florida odometer disclosure with lien release requires the seller to state the exact mileage of the vehicle being sold. It is essential for both parties involved to review this information carefully to ensure its accuracy. Buyers should be aware that providing false mileage information is a criminal offense and can result in serious penalties. Furthermore, the lien release component of the form is crucial in situations where a vehicle seller still owes money to a financial institution or lender. The lien release serves as proof that the seller has repaid all outstanding debts on the vehicle, eliminating any legal obstacles for the buyer when they attempt to register the vehicle under their name. There are different types of Florida odometer disclosures with lien release, depending on the specific circumstances. These include: 1. Vehicle with an Existing Lien: If the seller has not yet paid off the outstanding balance of a loan or lien on the vehicle, they must include a lien release from the lien holder or financial institution in addition to completing the odometer disclosure. This establishes that the seller has settled all financial obligations tied to the vehicle. 2. Vehicle without a Lien: In cases where the seller has entirely paid off any outstanding loans or liens on the vehicle, the lien release section will not be necessary. However, the seller must still accurately disclose the vehicle's mileage on the form. To ensure the accuracy and legality of the odometer disclosure with lien release, it is essential to follow specific guidelines. Both the buyer and seller must sign the form in the presence of a notary public. Additionally, the buyer should retain the original document, as it will be required during the vehicle registration process. In conclusion, properly completing and maintaining the Florida odometer disclosure with lien release is crucial for both vehicle buyers and sellers. With accurate mileage information and a lien release, buyers can have peace of mind knowing that they are acquiring a vehicle with reliable and verifiable records. Sellers, on the other hand, can ensure that they have fully satisfied any outstanding loans or liens, protecting themselves from potential legal consequences. By adhering to the specific requirements of Florida's odometer disclosure with lien release, both parties can complete a smooth and successful vehicle transaction.
