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The Sale of Vehicle Form is an essential legal document used in the United States for documenting the transfer of vehicle ownership. This document is crucial for both private sales and commercial dealership transactions, providing a clear record of the sale terms and protecting both parties' interests. It must comply with federal regulations such as the Truth in Mileage Act and state-specific vehicle transfer laws, while also addressing important aspects such as vehicle condition, warranties, and payment terms. The form serves as official documentation for state DMV registration purposes and includes mandatory disclosures required by U.S. law. It's particularly important in establishing clear title transfer and protecting against future disputes regarding the transaction terms or vehicle condition.

1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information

2. Background: Brief context establishing the seller's ownership and intention to sell, and buyer's intention to purchase

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and current condition

5. Purchase Price and Payment: Specifies the agreed purchase price and payment terms, including method and timing of payment

6. Transfer of Ownership: Details the process and timing of transferring vehicle title and possession

7. Seller's Representations: Seller's statements about the vehicle's condition, ownership, liens, and other material facts

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Risk and Insurance: Specifies when risk transfers and requirements for insurance

10. Execution: Signature blocks and date of agreement