Auto Bill Of Sale Forms - How An Auto Bill Of Sale Form Can Protect You From Odometer Fraud

Buying or selling a vehicle privately is something thatto discover at what point the crime occurred.
many people will do at least once in their lives. MostThe easiest way to record the odometer reading at
people understand the need to complete an auto billthe time of sale is to use an auto bill of sale. Without
of sale when buying a vehicle, it is also alsoone, the original owner, even though they may know
necessary to protect yourself when you are sellingwhat the odometer reading was at the time of sale,
your car privately.will have a difficult time proving that was the case.
The term odometer fraud refers to the practice ofIt is highly recommended that anyone offering their
rolling back the odometer so that the vehicle appearscar for sale privately should utilize an auto bill of sale
to have covered fewer miles than it truly has. This isform with the following details. It must have both
done to obtain a higher price for the vehicle onnames of the buyer and seller. It must have the
resale. It is estimated that over half a millionyear, make and model of the vehicle being sold. It
automobiles are sold each year in the US withmust include the price at which the vehicle was sold.
odometer readings that are falsified.It needs to state the odometer reading and the VIN.
An all too common scenario is as follows. A vehicle isLastly it should be dated and signed by both parties.
purchased privately and an auto bill of sale form isIn order to avoid any problems and to protect
not used. The new owner rolls back the odometeryourself from becoming involved in odometer fraud,
and then re-sells the car for a higher price than theyalways complete a bill of sale form when you plan to
bought it for. At a later time the fraud is discoveredsell your vehicle privately.
and all previous owners of the vehicle are questioned