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The document is a Bill of Sale and Odometer Disclosure Statement from the Vermont Department of Motor Vehicles, outlining the process for transferring ownership of a vehicle or vessel. It includes sections for seller and buyer information, vehicle details, odometer readings, and requirements for disclosing salvage status. The document emphasizes legal obligations regarding accurate mileage disclosure and penalties for non-compliance.

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How do I gift a car to a family member in Vermont?

Proper Steps for Gifting a Car to a Family Member Step 1 Communicate with the Recipient. Step 2 Utilize a Gifted Car Bill of Sale. Step 3 Transfer the Car Title. Step 4 Arrange for Insurance. Gift Tax Considerations. Step 1 Complete Seller and Recipient Information. Step 2 Include Comprehensive Vehicle Information.

How do I transfer ownership of a car in Vermont?

Your Vermont registration certificate is your ownership document for this vehicle. If you sell this vehicle, provide the buyer with your Vermont registration certificate and a signed bill of sale. The new owner will obtain a title when they complete their registration.

What is the odometer disclosure statement in Vermont?

The document, officially called the Bill of Sale and Odometer Disclosure Statement (Form VT 005), is provided by the DMV to record the vehicles specifics, current odometer reading, and transaction details. It is a required form for registering a vehicle sold between private parties.

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

When creating a Vermont bill of sale for a motor vehicle, include the vehicles make, model, identification number (VIN), odometer reading, purchase price, and the signatures of both the buyer and seller. It will streamline Vermont registration, creating an easy transfer of ownership.

How do I transfer my car title to a family member in another state?

Transferring a car title usually requires the vehicle title itself and a title application, the parties addresses, signatures from the previous and new owners, and details on the vehicle and its value. These documents look different from state to state, but the information they require is generally the same.

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Does Vermont require a bill of sale?

1. Vermont Bill of Sale Requirements. Any time you buy or sell a car or motorboat in Vermont, the state requires a bill of sale. You can use a state-provided bill of sale form or create your own, as long as the final document has all the information on the buyer, seller, and item.

Can you register a car with a bill of sale and no title in Vermont?

In Vermont, the registration on a 15+-year-old car itself constitutes proof of ownership. That is, the registration on these cars serves the same function as a title. And you dont even have to be present in Vermont to register your car. You can register your car in Vermont by mail using only a bill of sale.