Vermont Bill of Sale and Odometer Disclosure Statement
This document is a Vermont Bill of Sale and Odometer Disclosure Statement required by the Department of Motor Vehicles. It must be completed when transferring ownership of a vehicle or vessel. It includes details on the vehicle, disclosure of salvage status, and odometer reading.
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How do I fill this out?
To fill out this form, ensure you have all necessary information about the vehicle or vessel at hand. Carefully complete each section with accurate details and obtain the required signatures. Follow the instructions on the form to properly disclose any necessary information regarding the vehicle's history and odometer reading.
How to fill out the Vermont Bill of Sale and Odometer Disclosure Statement?
1
Enter the seller and buyer information including names, addresses, and signatures.
2
Provide detailed information about the vehicle or vessel, such as make, model, year, and VIN/HIN.
3
Disclose the odometer reading and indicate if it is accurate, exceeds mechanical limits, or has a discrepancy.
4
If the vehicle is salvage, rebuilt, or totaled, ensure to complete the respective section.
5
Both the buyer and seller must sign the form to validate the transfer of ownership.
Who needs the Vermont Bill of Sale and Odometer Disclosure Statement?
1
Sellers of a vehicle or vessel in Vermont to legally document the transfer of ownership.
2
Buyers to have a formal record of the purchase and the vehicle's history.
3
Dealers and companies involved in selling or buying vehicles to comply with state regulations.
4
Individuals involved in private party vehicle sales needing to accurately disclose odometer readings.
5
Insurance companies requiring proof of vehicle purchase and odometer disclosure for claims purposes.
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What are the instructions for submitting this form?
To submit this form, ensure all fields are accurately completed and signed by both the buyer and seller. Submit the form to the Vermont Department of Motor Vehicles either in person or via mail at 120 State Street, Montpelier, Vermont 05603-0001. You may also fax the form to 802-828-2000 or use the online submission option available on dmv.vermont.gov. Ensure you keep a copy for your records. It is advisable to double-check all details and follow any additional instructions provided by the DMV.
What are the important dates for this form in 2024 and 2025?
No specific dates are mentioned for 2024 and 2025 regarding this form. However, always refer to the latest DMV guidelines and ensure the form is filled out accurately at the time of vehicle or vessel transfer.
What is the purpose of this form?
The Vermont Bill of Sale and Odometer Disclosure Statement is a critical document used during the transfer of vehicle or vessel ownership within the state of Vermont. Its primary purpose is to provide a legal record of the transaction, detailing information about the seller, buyer, and specifics of the vehicle or vessel being transferred. This ensures transparency and aids in maintaining an accurate ownership and historical record for all parties involved. The form includes fields for providing detailed information on the vehicle or vessel, such as its make, model, year, and identification number. Additionally, it requires disclosing the odometer reading and any relevant history of the vehicle, such as if it has been salvaged, rebuilt, or totaled. This information helps protect both the buyer and seller by ensuring all critical details are communicated clearly and documented accurately. By completing this form, parties in the transaction are complying with Vermont state regulations, which mandate the disclosure of important information about the vehicle or vessel. This not only ensures a smooth transfer of ownership but also helps in maintaining accurate records within the Department of Motor Vehicles. Overall, the form serves to uphold transparency, legal compliance, and accuracy in vehicle or vessel ownership transfers.
Tell me about this form and its components and fields line-by-line.
- 1. Seller Information: Include the name, address, phone number, email, and signature(s) of the seller(s), and if applicable, the authorized representative of a company.
- 2. Buyer Information: Include the name, address, phone number, email, and signature(s) of the buyer(s), and if applicable, the authorized representative of a company.
- 3. Vehicle/Vessel Details: Provide detailed information about the vehicle or vessel, such as year, make, model, body/hull type, color, and VIN/HIN.
- 4. Odometer Disclosure: Enter the current odometer reading and complete the certification related to the accuracy of the mileage.
- 5. Salvage/Rebuilt Status: Disclose whether the vehicle is salvage, rebuilt, or totaled, including any disclosures required by state law.
- 6. Transaction Details: Record the date of sale, price, and any conditions related to the sale or transfer of the vehicle or vessel.
- 7. Signatures: Both the buyer and seller must sign the form to validate the transaction and ensure legal compliance.
What happens if I fail to submit this form?
Failure to submit this form accurately or on time can result in legal and financial consequences.
- Legal Penalties: Non-compliance with state requirements can result in fines or imprisonment.
- Invalid Transfer: The ownership transfer may be considered invalid, leading to potential disputes.
- Financial Liability: The seller may remain liable for any incidents involving the vehicle if the transfer is not properly documented.
How do I know when to use this form?
- 1. Private Sales: Used for documenting transactions between private parties.
- 2. Dealer Sales: Necessary for dealers to record and formalize the sale of vehicles.
- 3. Vessel Transfers: Applicable for transferring ownership of boats or other watercraft.
- 4. Vehicle Donations: Required when donating a vehicle to ensure proper transfer and documentation.
- 5. Inheritance Transfers: Used to transfer ownership of a vehicle or vessel as part of an inheritance process.
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