Outline
When buying or selling a vehicle in Indiana, a Motor Vehicle Bill of Sale form plays a crucial role in documenting the transaction. This form serves as proof of ownership transfer between the seller and the buyer, outlining key details such as the vehicle's make, model, year, and Vehicle Identification Number (VIN). It also captures important information about the parties involved, including their names and addresses. Additionally, the Bill of Sale may include the sale price, date of the transaction, and any warranties or conditions agreed upon. This document not only protects both parties but also helps facilitate the vehicle registration process with the Indiana Bureau of Motor Vehicles (BMV). Understanding the components and significance of this form is essential for anyone involved in a vehicle sale, ensuring a smooth and legally sound transaction.
Form Sample
Indiana Motor Vehicle Bill of Sale
This document serves as proof of purchase and transfer of ownership of a motor vehicle in the state of Indiana. It is in compliance with the relevant state laws, specifically the Indiana Code that governs the sale of personal property. To complete this transaction, both the buyer and the seller need to provide accurate information as detailed below.
Instructions: Please fill out the following information carefully. Print two copies of the completed document, one for the buyer and one for the seller.
Date of Sale: ________________
Seller's Information:
- Full Name: ________________
- Address: ________________
- City: ________________, State: IN, Zip: ________________
Buyer's Information:
- Full Name: ________________
- Address: ________________
- City: ________________, State: IN, Zip: ________________
Vehicle Information:
- Make: ________________
- Model: ________________
- Year: ________________
- VIN (Vehicle Identification Number): ________________
- Odometer Reading: ________________ miles
Sale Information:
- Sale Price: $________________
- Payment Method: ________________ (e.g., cash, check, etc.)
- Other Terms and Conditions (if any): ________________
By signing below, both the seller and the buyer acknowledge that the above information is accurate to the best of their knowledge, that the sale is made "as is" without any warranties unless otherwise specified, and that the vehicle is free of all encumbrances except as noted.
Seller's Signature: ________________, Date: ________________
Buyer's Signature: ________________, Date: ________________
Note: It is recommended to keep this document for your records and to report the sale to the Indiana Bureau of Motor Vehicles.
Document Details
| Fact Name | Details |
|---|---|
| Purpose | The Indiana Motor Vehicle Bill of Sale form serves as a legal document that records the sale of a motor vehicle between a seller and a buyer. |
| Governing Law | This form is governed by Indiana Code Title 9, Article 17, which outlines the requirements for vehicle registration and titling in the state. |
| Required Information | Essential details such as the vehicle identification number (VIN), make, model, year, and the names and addresses of both the buyer and seller must be included. |
| Notarization | While notarization is not mandatory, having the document notarized can provide additional legal protection for both parties involved in the transaction. |
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