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A vehicles odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage.
Visit a motor vehicle agency to transfer the title, complete the Vehicle Registration Application (Form BA-49) if applicable, and receive the license plates.Transferring Vehicle Ownership Buyers name and address; Date of sale; Mileage odometer reading (see below); and. Sale price.
A bill of sale for a private party vehicle transfer does not need to be docHubd in New Jersey, but some may choose to do so. The only time when a notary is required is if the vehicle being purchased comes from a state that does not issue titles, then a docHubd statement from the buyer and seller will be required.
A docHubd statement from the seller to the buyer that includes all of the following information about the vehicle sale: year manufactured, make, VIN, date of sale, and price of purchase. Both parties must sign the statement prior to having it docHubd.
A bill of sale for a private party vehicle transfer does not need to be docHubd in New Jersey, but some may choose to do so. The only time when a notary is required is if the vehicle being purchased comes from a state that does not issue titles, then a docHubd statement from the buyer and seller will be required.
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An odometer disclosure statement is a legal document that states the accurate mileage on a vehicles odometer at the time of transfer from the seller to the buyer. If the seller knows that the cars mileage is incorrect, the document must contain that information.
A bill of sale for a private party vehicle transfer does not need to be docHubd in New Jersey, but some may choose to do so. The only time when a notary is required is if the vehicle being purchased comes from a state that does not issue titles, then a docHubd statement from the buyer and seller will be required.
Think of the two documents as complementary. While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyers legal ownership. Its the final step in the process and proves that the buyer is the legal owner.
FEDERAL LAW requires that you state the mileage upon transfer of ownership. Failure to complete this disclosure statement or providing false information may result in fines and/or imprisonment.
A bill of sale for a private party vehicle transfer does not need to be docHubd in New Jersey, but some may choose to do so. The only time when a notary is required is if the vehicle being purchased comes from a state that does not issue titles, then a docHubd statement from the buyer and seller will be required.

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