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This form is primarily utilized by individuals selling or buying used vehicles in Connecticut. It is essential for private sellers who wish to document the sale of their automobile, particularly when selling 'as-is' without warranties. Additionally, businesses involved in vehicle sales, such as dealerships, may also use this form to formalize transactions with customers. For instance, a private seller might need this document to protect themselves from future claims regarding the vehicle's condition after the sale.
To properly file this form, both parties must complete it at the time of sale. There are no specific deadlines for submitting this form; however, it should be completed before transferring ownership to ensure that all legal obligations are met. The seller must provide accurate information regarding the vehicle's condition and odometer reading to avoid potential legal issues.
Submitting this form involves several straightforward steps. First, obtain a template from DocHub or other reliable sources. After filling out all required fields accurately, both parties should sign the document in front of a notary public. Once notarized, you can either keep a copy for your records or submit it along with your application for a certificate of title at your local Department of Motor Vehicles (DMV).
It is vital to understand that selling a vehicle 'as-is' means that once the transaction is complete, the seller is not liable for any defects or issues that may arise post-sale. Buyers should conduct thorough inspections before finalizing their purchase. Furthermore, failing to provide an accurate odometer reading can lead to severe penalties under federal law.