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The document is a Bill of Sale for an automobile, detailing the sale transaction between a seller and buyer in Illinois. It includes sections for vehicle information, payment details, and an odometer disclosure statement. The vehicle is sold 'as-is' without warranties, and both parties must sign the document in the presence of a notary public.

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What is the federal odometer disclosure law?

Laws and Regulations The federal government passed a law that requires a written disclosure of the mileage registered on an odometer be provided on the title by the seller to the purchaser when the ownership of a vehicle is transferred.

How to write a bill of sale for a car in Illinois?

Any vehicle bill of sale template or document you create should include the following information: The sellers name and contact information. The buyers name and contact information. The vehicle make, model, year, color, VIN, and odometer reading. The date of the sale. The purchase price. Signatures of both parties.

How do I get an odometer disclosure statement?

How to Obtain an Odometer Disclosure Statement. Every state requires some form of odometer disclosure statement. You can visit your state Department of Motor Vehicles (DMV) website for specific details about where you live. Some states use a federal form for the statement, and others have their own unique templates.

Who fills out an odometer statement?

The transferee, when applying for a title, is required to provide the transferors (sellers) title, and if that title contains a space for the ( print page 52667) transferor to disclose the vehicles mileage, that information must be included, and the statement must be signed and dated by the transferor.

Is an odometer disclosure statement required in Illinois?

Illinois law requires mileage disclosure for all vehicles. Exceptions include: vehicle weight of more than 16,000 pounds; vehicles 10 years old or older; vehicles that are not self-propelled; and vehicles manufactured without an odometer.

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What is an as is bill of sale in Illinois?

An As-Is Bill of Sale is a legally binding document that records the sale of an item in its current condition, with no warranties or guarantees from the seller. This means that once the transaction is completed, the buyer assumes full responsibility for the item, including any defects or future repairs needed.

How to write a bill of sale for a vehicle without a title?

Bill of Sale and Other Sales Documentation Sale Date: Specific date when the sale occurred. Vehicle Details: Make, model, year, and VIN. Buyer and Seller Information: Full legal names and contact details. Sales Price: Agreed selling price of the vehicle. Condition Statement: Current condition and any known issues.

Does an odometer disclosure statement need to be notarized?

Can Odometer Statements Require Notarization? While specific regulations vary among states, some necessitate submitting notarized odometer disclosure statements and sale/title paperwork.

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What is the federal odometer disclosure law?

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