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The DR 2173 A form serves a critical role in the process of buying or selling a motor vehicle in the United States. It's primarily a Bill of Sale that establishes a legal transaction between the seller and buyer. This document outlines key details such as the vehicle's identification number (VIN), year, make, model, and the sale date, ensuring that both parties are clear on what is being exchanged. One important aspect of the form is the seller’s affirmation of ownership, confirming their right to sell the vehicle while protecting the buyer against potential claims from others. Additionally, it includes an odometer disclosure statement, which is mandated by federal law. This section compels the seller to accurately report the mileage, with potential penalties for providing false information. By signing the form, both the seller and buyer acknowledge the transfer of ownership and the condition of the vehicle. In conclusion, the DR 2173 A form is essential for documenting vehicle sales in a legally binding way, reflecting the interests and responsibilities of both parties involved in the transaction.

Dr 2173 A Example

Bill of Sale for Motor Vehicle

FOR AND IN CONSIDERATION OF $ ____________________, the undersigned Seller grants, sells, transfers, and

conveys to the Buyer, and to Buyers heirs, personal representatives and assigns, the following motor vehicle:

VEHICLE IDENTIFICATION NUMBER (VIN)

YEAR

MAKE

BODY

MODEL

DATE OF SALE

____________________________________

______

____________

__________

____________

_____________

to have and to hold the said motor vehicle forever.

The undersigned Seller covenants with the Buyer that the undersigned Seller is the lawful owner of the motor vehicle; that the undersigned Seller has good right to sell the same and

will warrant and defend the same against the lawful claims and demands of all persons.

This motor vehicle and equipment is sold and accepted as is .

Where used herein, the singular includes the plural.

Odometer Disclosure Statement

Federal law requires that you state the odometer mileage upon transfer of ownership, failure to complete or providing a false statement may result in fines and/or imprisonment.

Current Odometer Reading

TO THE BEST OF MY KNOWLEDGE:

(No Tenths of Miles)

[ ] THE ODOMETER READING IS THE ACTUAL MILEAGE OF THE VEHICLE

 

[ ] THE ODOMETER READING IS IN EXCESS OF ITS MECHANICAL LIMITS.

__________________

[ ] THE ODOMETER READING IS NOT THE ACTUAL MILEAGE ‒

 

WARNING ODOMETER DISCREPANCY

SELLER(S) CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE IS TRUE AND CORRECT TO THE BEST OF THEIR KNOWLEDGE. BUYER S SIGNATURE BELOW ACKNOWLEDGES TRANSFER OF OWNERSHIP AND RECEIPT OF ODOMETER STATEMENT.

SELLER/SELLING COMPANY/AGENCY (Please Print)

SELLER/SELLERS AGENT HANDPRINTED NAME

____________________________________________

____________________________________________

SELLER/SELLERS AGENT SIGNATURE

 

DATE

 

X ____________________________________________

_____________

 

SELLERS STREET ADDRESS

CITY

STATE

ZIP

____________________________________

________________________ ____________

__________

BUYERS SIGNATURE (1) (REQUIRED)

 

BUYERS SIGNATURE (2) (REQUIRED)

X ____________________________________________

X ____________________________________________

BUYERS HANDPRINTED NAME (1)

 

BUYERS HANDPRINTED NAME (2)

____________________________________________

____________________________________________

BUYERS STREET ADDRESS

CITY

STATE

ZIP

____________________________________

________________________ ____________

__________

DR 2173 A

Form Characteristics

Fact Name Details
Purpose The DR 2173 A form serves as a Bill of Sale for a motor vehicle, detailing the transfer of ownership from the seller to the buyer.
Odometer Disclosure Federal law mandates that the form includes an Odometer Disclosure Statement, which requires sellers to report the vehicle's mileage at the time of sale.
Legal Ownership The form includes a covenant from the seller affirming lawful ownership of the vehicle and their right to sell it, protecting the buyer from future claims.
As-Is Sale The motor vehicle is sold "as is," which indicates that any further warranty or guarantee about the vehicle's condition is not provided by the seller.

Guidelines on Utilizing Dr 2173 A

Successfully completing the DR 2173 A form is essential for transferring vehicle ownership smoothly. This step-by-step guide will help ensure all required information is accurately documented to avoid any legal issues down the line. Follow the instructions closely to fill out the form correctly.

  1. Obtain the Form: Start by acquiring the DR 2173 A form either online or at relevant offices.
  2. Fill in Consideration Amount: Enter the amount of money agreed upon for the sale in the space provided for “FOR AND IN CONSIDERATION OF $”.
  3. Provide Vehicle Information:
    • Enter the Vehicle Identification Number (VIN).
    • Fill in the year, make, body style, and model of the vehicle.
    • Document the date of sale.
  4. Odometer Disclosure: State the current odometer reading, ensuring you do not use tenths of miles.
  5. Indicate Odometer Status: Choose one of the options regarding the odometer reading:
    • The odometer reading is the actual mileage.
    • The odometer reading is in excess of its mechanical limits.
    • The odometer reading is not the actual mileage – warning odometer discrepancy.
  6. Certification: Both sellers must certify under penalty of perjury that the odometer statements are true and correct to the best of their knowledge.
  7. Signatures: Obtain signatures from all applicable parties:
    • Seller’s signature and printed name.
    • Buyers’ signatures (both required) and printed names.
  8. Address Information: Fill in the seller's and buyers' street addresses, cities, states, and ZIP codes.

Once the form is fully completed, each party should retain a copy for their records. The next step involves submitting the form to the appropriate authorities to finalize the transfer of ownership and ensure all documentation is in order. This step is crucial in preventing future disputes regarding vehicle ownership.

What You Should Know About This Form

What is the purpose of the DR 2173 A form?

The DR 2173 A form serves as a bill of sale for motor vehicles. It legally transfers ownership from the seller to the buyer. By using this form, both parties document the sale, including crucial details such as the vehicle identification number (VIN), make, model, year, and sale date. This ensures that both parties are clear about the transaction and helps prevent disputes in the future.

What information is needed to complete the form?

To accurately fill out the DR 2173 A form, you will need several key pieces of information. First, you should provide the sale price of the vehicle. Include the vehicle’s VIN, year, make, model, and the date of sale. Additionally, you must disclose the current odometer reading and indicate whether it reflects actual mileage or if there is a discrepancy. Lastly, both the seller and buyer must provide their signatures and addresses, which confirms their agreement to the terms stated in the document.

What does the Odometer Disclosure Statement entail?

The Odometer Disclosure Statement is a federal requirement that mandates the seller to report the mileage on the vehicle at the time of sale. This is crucial because it helps protect the buyer from potential fraud. If the seller provides false information or fails to complete this section, it could lead to serious penalties, including fines or imprisonment. To avoid issues, sellers should ensure that the odometer reading is accurate to the best of their knowledge.

Is the vehicle sold "as is"? What does that mean?

Yes, the DR 2173 A form indicates that the vehicle is sold "as is." This means that the seller does not provide any warranties or guarantees regarding the vehicle's condition. Buyers accept the vehicle with all its existing faults, whether known or unknown. It’s important for buyers to thoroughly inspect the vehicle before completing the sale, as they are responsible for any repairs or issues that may arise after the purchase.

Do I need a notary to sign the DR 2173 A form?

No, the DR 2173 A form does not require notarization. However, it is crucial that both the seller and buyer sign the document. Their signatures confirm the legitimacy of the sale and the accuracy of the provided information. Having the form witnessed or keeping a copy for personal records can be beneficial for both parties in case of future disputes.

What should I do after completing the DR 2173 A form?

Once you complete the DR 2173 A form, both parties should keep a copy for their records. The seller should submit any necessary documents to the local Department of Motor Vehicles (DMV) to complete the vehicle transfer process. The buyer will want to ensure that the title is re-registered in their name. Keeping all paperwork organized can aid in future transactions or in case any issues arise.

Common mistakes

Filling out the DR 2173 A form can feel overwhelming, but common mistakes can easily be avoided. One major error people make is leaving the vehicle identification number (VIN) blank or filled incorrectly. The VIN is crucial because it uniquely identifies the vehicle. Without this number, it’s difficult to establish ownership. Double-check that you have the correct VIN as listed on the vehicle title and registration.

Another frequent mistake is neglecting the odometer disclosure statement. Federal law requires this section to be completed accurately. If the current odometer reading isn’t stated clearly, or if the boxes indicating the condition of the odometer aren't checked, this could lead to serious legal ramifications. Be honest and precise while filling this out, as inaccuracies can result in fines.

People also often fail to sign in the correct places. Both the seller and buyer must provide their signatures, and missing one can void the transaction. It’s important to check that all required signatures are included. Also, make sure the names are printed clearly beneath the signatures. This adds a layer of clarity that can prevent misunderstandings in the future.

In many cases, individuals overlook the date of sale. This date is significant in determining the transfer of ownership. Make sure to write the correct date clearly. If a date is absent, it might be difficult for either party to know when the transfer officially took place, especially if any disputes arise later on.

Lastly, many people do not provide complete addresses, which can create confusion. Ensure that both the seller’s and buyer’s full street addresses along with city, state, and ZIP code are correctly filled out. Without complete information, it might be challenging to contact one party if issues arise post-sale. Taking the time to verify this information can make the entire process smoother and less stressful for everyone involved.

Documents used along the form

When completing a vehicle transaction, several forms and documents are often required alongside the DR 2173 A form. Each serves a specific purpose to ensure a smooth transfer of ownership. Here’s a brief overview of these essential documents:

  • Bill of Sale: This document confirms the sale of a vehicle. It outlines details such as the sale price, vehicle identification number (VIN), and information about the buyer and seller. It serves as proof of the transaction and can be important for future reference.
  • Odometer Disclosure Statement: Required by federal law, this form states the vehicle's current mileage and discloses whether the odometer reading is accurate or has discrepancies. Both the buyer and seller must verify this information.
  • Title Certificate: This is the official document that proves ownership of the vehicle. The seller must sign over the title to the buyer during the sale. It’s essential to ensure that the title is clear of any liens for a smooth transfer.
  • Vehicle Registration Application: This document is submitted to the Department of Motor Vehicles (DMV) to register the vehicle in the new owner’s name. It typically includes details about the vehicle and the new owner's personal information.

Using these documents together promotes a clear and legal transfer of vehicle ownership. Ensuring they are filled out correctly will help prevent any issues in the future.

Similar forms

  • Bill of Sale for Personal Property: Like the Dr 2173 A form, this document transfers ownership of personal items from one party to another, detailing the identifying information of the property.
  • Mileage Disclosure Form: This form includes essential mileage information at the time of sale, similar to the detailed odometer statements in the Dr 2173 A.
  • Vehicle Purchase Agreement: A comprehensive contract outlining the terms of the sale of a vehicle, including price, payment details, and responsibilities of both the seller and buyer.
  • Title Transfer Document: Required in many states, this paperwork facilitates the official transfer of the vehicle's title from seller to buyer, similar to the ownership transfer found in the Dr 2173 A.
  • Odometer Disclosure Statement: Sent separately, this statement specifically confirms the odometer reading at the time of sale, akin to the odometer disclosures required in the Dr 2173 A form.
  • Vehicle Registration Application: This document, while serving a different purpose, is also necessary for the legal ownership transfer and includes similar vehicle identification information.
  • Notice of Sale: This form informs relevant authorities about the sale of the vehicle, just like the Dr 2173 A maintains records of the transaction.
  • Release of Liability: Protects the seller from future liabilities regarding the sold vehicle, paralleling the assurances provided regarding ownership in the Dr 2173 A.
  • Trade-in Agreement: This document outlines conditions when trading in a vehicle, requiring similar disclosures about the vehicle's condition and ownership as the Dr 2173 A form.
  • Affidavit of Ownership: Used to affirm ownership and verify details about a vehicle's history, it mirrors the seller’s covenants declared in the Dr 2173 A.

Dos and Don'ts

When filling out the Dr 2173 A form, it's essential to follow certain practices to ensure accuracy and compliance. Here’s a list of what you should and shouldn’t do:

  • Do double-check the Vehicle Identification Number (VIN) to ensure it’s correct.
  • Do fill out the odometer reading accurately, as federal law requires it.
  • Do ensure that the names of both the seller and buyer are printed clearly.
  • Do sign and date the form in the designated areas.
  • Don’t leave any blank spaces. Fill in all required fields to avoid delays.
  • Don’t provide false information about the vehicle’s mileage. This can lead to serious penalties.
  • Don’t forget to include the sale price in the appropriate section.
  • Don’t overlook the handprint signatures. They must be included for validation.

Misconceptions

  • Misconception 1: The DR 2173 A form is only required in certain states.

    In fact, the DR 2173 A form, commonly referred to as the Bill of Sale for Motor Vehicle, is needed in many jurisdictions across the United States, as it serves as a critical document in the transfer of vehicle ownership.

  • Misconception 2: Completing the form is optional when selling a vehicle.

    On the contrary, using the bill of sale is not just advisable but often necessary to provide legal evidence of the transaction and to facilitate future registration changes.

  • Misconception 3: The seller can misrepresent the odometer reading without consequence.

    This belief is incorrect. There are strict federal laws that mandate accurate disclosure of the vehicle’s mileage. Failing to adhere to this requirement can result in serious legal repercussions.

  • Misconception 4: Only professional dealers need to worry about filling out this form correctly.

    While dealers are certainly held to high standards, individual sellers also bear responsibility for providing accurate and truthful information when completing the DR 2173 A form.

  • Misconception 5: The DR 2173 A form is a final transaction document without any further implications.

    This is not entirely true. The completion of this form can initiate various responsibilities, such as notifying the motor vehicle department of the sale and ensuring compliance with state regulations, which may include tax implications.

Key takeaways

When filling out and using the DR 2173 A form, known as the Bill of Sale for Motor Vehicle, there are several important points to keep in mind:

  • Accurate Information: Ensure that all information, including the vehicle identification number (VIN), year, make, model, and sale date, is filled out accurately to avoid any future disputes.
  • Odometer Disclosure: It is mandatory to provide the current odometer reading. This protects both the seller and buyer from fraud.
  • Odometer Reading Options: You must select one of the three options regarding the odometer reading—actual mileage, exceeds mechanical limits, or a discrepancy. Be truthful to stay compliant with federal law.
  • Seller's Warranty: The seller agrees to transfer ownership and guarantees they are the lawful owner, giving peace of mind to the buyer.
  • As-Is Sales: The vehicle is sold "as is," meaning the buyer accepts it in its current state, and no warranties are implied beyond what’s written on the form.
  • Signature Requirement: Both the seller and buyer must sign the document to validate the sale. Two buyer signatures are often required, especially in joint accounts.
  • Legal Penalties: Providing false information or failing to comply with odometer disclosure can result in serious fines or legal repercussions.
  • Retain Copies: After completing the form, both parties should retain a copy for their records, as this can be valuable for future references or disputes.