This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
The Antioch California Bill of Sale for Automobile or Vehicle, including an Odometer Statement and Promissory Note, is a legally binding document that serves as proof of the transfer of ownership of a motor vehicle from one party to another within the city of Antioch, California. This document is essential for both the buyer and the seller to protect their interests in the transaction. The Antioch California Bill of Sale for Automobile or Vehicle with an Odometer Statement is specifically designed to include information regarding the existing odometer reading of the vehicle at the time of sale. This statement is required by law to prevent and deter odometer fraud. It ensures that both parties are aware of the current mileage of the vehicle, giving accurate information about the condition and history of the vehicle being sold. Additionally, the Antioch California Bill of Sale for Automobile or Vehicle including a Promissory Note is an option that can be utilized when the buyer agrees to pay the seller in installments rather than upfront payment. This type of bill of sale includes a detailed payment plan, specifying the amount, frequency, and duration of the installments. It also ensures that the seller retains ownership of the vehicle until the full payment is received, providing protection in case of default or breach of the payment agreement. By utilizing the Antioch California Bill of Sale for Automobile or Vehicle, buyers and sellers can protect themselves from potential legal disputes by documenting the details of the transaction accurately. This document typically includes important information such as the names and addresses of both the buyer and the seller, a description of the vehicle being sold (including make, model, year, and Vehicle Identification Number), the purchase price, the date of sale, and any relevant terms and conditions. Please note that it is vital to consult with a legal professional or use official templates approved by the state of California when drafting a Bill of Sale for Automobile or Vehicle in Antioch, as specific requirements may vary.
