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.
The Missouri odometer statement for title transfers is a crucial document that verifies the mileage of a vehicle during the ownership transfer process. It is essential to accurately record the odometer reading to prevent fraud and ensure transparency in the transaction. The main purpose of the Missouri odometer statement is to provide accurate information about the vehicle's mileage, guaranteeing potential buyers that they are aware of the actual distance traveled by the vehicle. This helps protect consumers from purchasing vehicles with rolled-back or tampered odometers, ultimately protecting their investment. There are two primary types of Missouri odometer statements for title transfers: 1. Disclosure of Odometer Statement: This type of odometer statement is used when the vehicle being transferred is less than ten years old. The seller is required to complete this statement and provide accurate mileage information regarding the vehicle's usage. 2. Exemption from Odometer Disclosure: This type of odometer statement is applicable to vehicles older than ten years, vehicles with a gross vehicle weight rating of over 16,000 pounds, motorcycles, and vehicles not self-propelled (i.e. trailers). In this case, the odometer disclosure is not necessary, as these vehicles generally fall outside the purview of the federal odometer law. Furthermore, the Missouri odometer statement for title transfers contains various other important details and fields to be completed by the seller, such as: 1. Vehicle Information: This section requires the vehicle's make, model, year, vehicle identification number (VIN), and license plate number. Accurate completion of these details ensures that the statement is linked to the correct vehicle. 2. Seller's Information: The seller must provide their full name, address, city, state, ZIP code, and driver's license number. This information helps authenticate the seller's identity and provides contact details for future reference if needed. 3. Buyer's Information: Similar to the seller's information section, the buyer's full name, address, city, state, ZIP code, and driver's license number must be provided. This step ensures proper identification of the new owner and prevents any potential disputes. 4. Odometer Disclosure: The seller must record the vehicle's current mileage accurately in this section, indicating whether the mileage is in actual miles, kilometers, or is unknown. 5. Seller's Certification: The seller affirms the accuracy of the information provided and acknowledges any discrepancies that may exist. It is crucial to note that the Missouri Department of Revenue requires the Missouri odometer statement to be completed accurately and truthfully. Any false information or tampering with the document is considered a serious offense and may lead to legal penalties. In summary, the Missouri odometer statement for title transfers plays a vital role in ensuring transparency and protecting consumers from potential odometer fraud. By accurately documenting the vehicle's mileage, this document provides assurance to buyers and maintains the integrity of the vehicle sales process.
