Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note - Virginia 2026

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How to use or fill out Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note - Virginia

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the purchase price in the designated field. This is crucial as it reflects the agreed amount between buyer and seller.
  3. Fill in the buyer's and seller's names, ensuring accuracy for legal purposes. Include signatures where indicated.
  4. Complete the vehicle details: Make, Model, Body Type, VIN, and Year. This information is essential for identifying the vehicle being sold.
  5. In the Odometer Disclosure Statement section, state the current mileage accurately. Check any applicable statements regarding odometer discrepancies.
  6. For the Promissory Note, specify payment terms including total amount, interest rate (if any), and payment schedule. Ensure all parties understand their obligations.

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Can a bill of sale be handwritten? While it is common to present a bill of sale in a digital format, you can also create a handwritten bill of sale. Whats most important is to include all of the pertinent details in the bill of sale in order to protect both parties.
In most cases, a Virginia bill of sale does not require notarization. However, certain transactions, such as real estate transfers, may require notarization for validity. Its always best to consult with legal professionals for specific requirements.
That might get you to wonder if a handwritten bill of sale is legally binding. Handwritten bills of sale are indeed contractual agreements so long as they have the right elements.
The Odometer Disclosure Statement Form is required at specific points during vehicle transactions. At the Time of Sale or Transfer: The form must be completed and signed at the moment of sale or transfer of the vehicle to docHub the odometer reading. This is mandatory for both private and dealer sales.
Bill of Sale Though the Virginia DMV does not require a document for private sales, its highly recommended that one be created for the benefit of both parties involved. This document outlines the transaction details and serves as proof of purchase for the buyer.
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Provide the name and address of the buyer/recipient. Fill out the odometer reading using the odometer reading from the vehicle (do not guess or estimate) Enter the date of sale. Fill out the sale price section with either the sales price or write gift as the sale price if youre donating the vehicle.
Note: The bill of sale can be a handwritten statement signed by both the seller and purchaser.
If you do not qualify for a gift tax exemption, please provide a proof of purchase price, such as a buyers order, bill of sale or the sellers declared sale price. The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification signed by the seller or purchaser.

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