Also have A motor vehicle Bill Of Sale

So you're finally gonna sell the old car...the one that's given you numerous years of good service. The one that's taken that you work, the kids to soccer, t-ball practice and both to and from the grocery store.

Healthy for you. You add a smaller ad from the newspaper and hang up a "For Sale" register the window.

You find yourself selling your automobile to a nice young guy for only beneath the price tag and you think to yourself...that's easier than expected.

A month and a half later, the doorway bell rings. Sitting on your step is a rugged looking guy in the jacket and tie. He introduces himself just as one investigator together with the State Police, flashes his badge and begins to find out in regards to the car you sold not so long ago. Apparently , he's investigating a clear case of odometer fraud - often known as "rolling back the odometer".

He's attempting to establish a couple of things. One, when did the odometer fraud occur. And 2, who that.

You are aware that you didn't undertake it. It needed to be a child you sold it to. However, you begin to think what documents you've from the sale which will detail the miles and records with the transaction. You think that to yourself, "Do I've any situation that will prove just what the miles were about the car the morning I sold it?"

On your sake, I think you'll do. It'll keep you from spending some very uncomfortable time together with the State Police.

Along with the easiest way in order to avoid that's on an auto bill of sale that details the whole transaction, is signed by each party which is stamped by a notary.

A recent report from the National Highway Transportation Safety Administration (NHTSA) reports which more than less than 500,000 vehicles annually can be purchased with false odometer readings resulting in a decrease of a lot more than $1 Billion annually. That's a signifigant amounts as well as the major reason why police officers are so aggressive investigating it.

If you sell an automobile (or any motorized vehicle) make sure you have a very completed auto bill of sale. It has to have:

- The Buyers and Sellers Name;
- The Year, Brand name;
- The Price level;
- The Odometer Reading or Hours and services information;
- The VIN (vehicle identification number);
- Both Signatures and Date;
- A Notary Stamp and Signature.

A lot of the information above is not hard and quick to do. And becoming a Notary Stamp and Signature is not hard couple of visiting your bank and paying a little fee.

Make sure you do your hair a favor....also have a completed bill of sale anytime you're selling a car or truck in order to avoid that very unpleasant visit from the guy in a jacket and tie.