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 Gresham Oregon Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note is a legal document used to record the transfer of ownership of a motor vehicle in Gresham, Oregon. This comprehensive bill of sale combines a standard bill of sale with an odometer statement and a promissory note, ensuring all essential aspects related to the sale of the vehicle are properly documented. The Gresham Oregon Bill of Sale for Automobile or Vehicle serves as proof of purchase and includes important details about the vehicle and the parties involved in the transaction. This includes the buyer's and seller's names, addresses, contact information, and driver's license numbers. Also included are the vehicle's make, model, year, color, Vehicle Identification Number (VIN), and the current mileage as per the odometer reading. The odometer statement is a crucial component of the Gresham Oregon Bill of Sale for Automobile or Vehicle. It certifies that the stated mileage on the bill of sale is accurate to the best of the seller's knowledge. Providing false odometer readings and tampering with mileage is illegal and strictly prohibited. Additionally, the Gresham Oregon Bill of Sale for Automobile or Vehicle includes a promissory note section. This section outlines the terms of any agreed-upon financing arrangements between the buyer and seller. It specifies the amount financed, the interest rate (if applicable), the repayment schedule, and any penalties for default. This aspect ensures that any outstanding payments or remaining balances are accounted for and legally binding. While the Gresham Oregon Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note is the most common and comprehensive form, there may be variations depending on the specific circumstances and preferences of the parties involved. Some possible alternatives or additional options to consider include: 1. Simple Gresham Oregon Bill of Sale for Automobile or Vehicle: This version may not include the odometer statement or a promissory note section. It caters to cash transactions without any financing agreements. 2. Gresham Oregon Bill of Sale for Used Vehicle or Motorcycle: This specific form is used for the sale of used vehicles or motorcycles in Gresham, Oregon, both with or without financing arrangements. It adheres to the necessary legal requirements for such transactions. 3. Gresham Oregon Bill of Sale for Leased Vehicle with Odometer Statement and Promissory Note: This bill of sale is specifically designed for leased vehicles in Gresham, Oregon. It includes provisions that outline the transfer of ownership from the lessor to the lessee, as well as the necessary details for financing and the odometer statement. It is crucial to consult with a legal professional or visit the Gresham, Oregon Department of Motor Vehicles (DMV) to ensure compliance with any specific regulations or requirements for completing a bill of sale for the automobile or vehicle transaction, including the Odometer Statement and Promissory Note.
