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 Bexar Texas Bill of Sale of Automobile and Odometer Statement is a legal document used to transfer ownership of a motor vehicle in Bexar County, Texas. This comprehensive form ensures that both the buyer and seller are protected in the transaction and that all necessary information about the vehicle and its odometer reading is recorded accurately. The Bexar Texas Bill of Sale of Automobile and Odometer Statement includes various sections that require detailed information to complete the document properly. Some important elements covered in this form are: 1. Identification of Buyer and Seller: This section captures the full legal names, addresses, contact numbers, and official identifications (such as driver's license numbers) of both the buyer and seller. 2. Vehicle Information: This part of the form corresponds to the details of the motor vehicle being sold. It includes information like the make, model, year, Vehicle Identification Number (VIN), license plate number, title number, and current mileage. 3. Purchase Price and Payment: In this section, the agreed-upon purchase price for the vehicle is stated, along with the terms of payment, such as whether it is a full cash payment or an installment plan. 4. Odometer Disclosure: As mandated by federal law, the Bexar Texas Bill of Sale of Automobile and Odometer Statement requires the seller to disclose the vehicle's accurate mileage at the time of sale. This ensures transparency and helps prevent odometer tampering or fraudulent practices. 5. Seller Warranties and Indemnification: This section contains declarations made by the seller, stating that they legally own the vehicle, that it is free from any liens or encumbrances, and that they will indemnify the buyer against any claims and losses related to the vehicle's ownership or condition. 6. Signatures and Date: Both the buyer and seller must sign and date the form to make it legally binding. Notarization may also be required, depending on the circumstances or preferences of the parties involved. It's important to note that there may not be different types of Bexar Texas Bill of Sale of Automobile and Odometer Statements. However, there may be slightly different versions or variations of this document used by individuals or dealerships, but they ultimately serve the same purpose of transferring ownership of a motor vehicle. Having a properly completed and executed Bexar Texas Bill of Sale of Automobile and Odometer Statement is crucial when buying or selling a vehicle in Bexar County, Texas, as it protects all parties involved and ensures legal compliance.
