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 Ohio odometer statement is a legal document used to disclose the true mileage of a vehicle at the time of sale or transfer of ownership. It is an important component of the buying and selling process, as it helps prevent odometer fraud and ensures transparency between the parties involved. Keywords: Ohio, odometer statement, legal document, disclose, mileage, vehicle, sale, transfer of ownership, buying, selling, process, odometer fraud, transparency. There are two main types of Ohio odometer statements: 1. Ohio Odometer Disclosure Statement: This form is used when the vehicle being sold is less than 10 years old and weighs under 16,000 pounds. It requires the seller to provide the current mileage of the vehicle, as accurately as possible, and attest to its accuracy. The buyer must also acknowledge the mileage stated and sign the document, along with the seller. 2. Ohio Rebuilt Salvage Disclosure Statement: This form is used specifically for vehicles that have been classified as "rebuilt salvage" by the Ohio Bureau of Motor Vehicles (BMV). It requires the seller to disclose this status and provide any relevant information about the salvage history of the vehicle. The buyer is required to acknowledge the rebuilt salvage status and sign the document, along with the seller. It is crucial for both buyers and sellers in Ohio to understand the importance of completing the appropriate odometer statement accurately and truthfully. Failure to do so can result in legal consequences, including fines and penalties. Therefore, it is recommended to consult the Ohio BMV or seek legal advice if any doubts or questions arise during the process. Keywords: Ohio, odometer statement, Odometer Disclosure Statement, Rebuilt Salvage Disclosure Statement, less than 10 years old, 16,000 pounds, seller, buyer, accuracy, transparency, mileage, vehicle history, legal consequences, fines, penalties, Ohio BMV, legal advice.
