Are you planning to sell or purchase a vehicle in Arizona? Then you’ll need to complete the Arizona Bill of Sale Form 48-2004 to legally transfer the vehicle’s ownership. In this blog, we will guide you through the steps of completing the Arizona Bill of Sale Form 48-2004.
Step 1: Identify the seller and buyer
At the top of the form, enter the name, address, and phone number of both the seller and the buyer. Make sure that the information you provide is accurate and complete.
Step 2: Describe the vehicle
Provide a description of the vehicle that is being sold. This includes the make, model, year, body type, color, and VIN (Vehicle Identification Number). It is crucial to record the correct VIN, as it is used to identify the vehicle.
Step 3: Record the purchase price
In the next section, enter the vehicle’s purchase price in both words and numbers. Double-check that the amounts match.
Step 4: Record the odometer reading
Record the current odometer reading of the vehicle at the time of sale. Ensure that you record the correct reading, as it is used to verify the vehicle’s condition.
Step 5: Seller’s disclosure
The seller needs to sign and date the form and disclose any liens or encumbrances on the vehicle. It is crucial to disclose any existing liens or encumbrances on the vehicle, as it can affect the transfer of ownership.
Step 6: Buyer’s acknowledgment
The buyer must sign and date the form, acknowledging that they received the vehicle with a clear title. It is essential to read and understand the form before signing it.
Step 7: Notary public
The form needs to be notarized by a notary public. The notary public will verify the identity of both the seller and the buyer, and witness their signatures. A notary public is a state-appointed official who witnesses and verifies the signing of legal documents.
Step 8: Submit the form
After completing the form, submit it to the Arizona Department of Transportation (ADOT) within 15 days of the sale. The buyer also needs to submit the form with the application for title and registration.
In conclusion, completing the Arizona Bill of Sale Form 48-2004 is essential when transferring vehicle ownership. Make sure to complete the form accurately, double-check the information, and have it notarized. Following these steps will ensure a smooth transfer of ownership. If you are unsure about how to fill out the form, you can seek the assistance of a legal professional or a notary public.