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The DR 2173 A form serves a crucial role in the transfer of ownership for motor vehicles in the United States. This document, commonly referred to as a Bill of Sale for Motor Vehicle, outlines the terms under which a seller conveys their vehicle to a buyer. It includes essential details such as the vehicle identification number (VIN), make, model, year, and the sale date. Importantly, the form also specifies the sale price, ensuring both parties are clear about the financial transaction. The seller asserts their legal ownership and guarantees the right to sell the vehicle, offering protection against any future claims. Additionally, the form contains an Odometer Disclosure Statement, which is a federal requirement. This section mandates that the seller disclose the current mileage of the vehicle, helping to prevent fraud related to odometer tampering. Buyers must acknowledge the transfer of ownership and the accuracy of the odometer reading by signing the document. The DR 2173 A form is not just a simple transaction record; it is a vital legal instrument that safeguards the interests of both the buyer and seller in the vehicle sale process.

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Bill of Sale for Motor Vehicle

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

conveys to the Buyer, and to Buyer￿s 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/SELLER￿S AGENT HANDPRINTED NAME

____________________________________________

____________________________________________

SELLER/SELLER￿S AGENT SIGNATURE

 

DATE

 

X ____________________________________________

_____________

 

SELLER￿S STREET ADDRESS

CITY

STATE

ZIP

____________________________________

________________________ ____________

__________

BUYER￿S SIGNATURE (1) (REQUIRED)

 

BUYER￿S SIGNATURE (2) (REQUIRED)

X ____________________________________________

X ____________________________________________

BUYER￿S HANDPRINTED NAME (1)

 

BUYER￿S HANDPRINTED NAME (2)

____________________________________________

____________________________________________

BUYER￿S STREET ADDRESS

CITY

STATE

ZIP

____________________________________

________________________ ____________

__________

DR 2173 A

Form Specifications

Fact Name Description
Purpose The DR 2173 A form serves as a Bill of Sale for the transfer of ownership of a motor vehicle from the seller to the buyer.
Odometer Disclosure This form includes an Odometer Disclosure Statement, which is required by federal law to ensure accurate reporting of the vehicle's mileage during the transfer.
As-Is Condition The vehicle is sold "as is," meaning the buyer accepts the vehicle in its current condition without any warranties from the seller.
Seller's Warranty The seller certifies ownership and the right to sell the vehicle, promising to defend against any claims from third parties.
State-Specific Laws In Colorado, the DR 2173 A form is governed by Colorado Revised Statutes, Title 42, Article 6, which covers the transfer of motor vehicle ownership.

Dr 2173 A: Usage Guidelines

Completing the Dr 2173 A form is essential for transferring ownership of a motor vehicle. This process involves providing specific details about the vehicle and both the seller and buyer. Follow these steps carefully to ensure accurate completion.

  1. Enter the sale amount in the space provided for consideration.
  2. Fill in the Vehicle Identification Number (VIN) of the motor vehicle.
  3. Provide the year of the vehicle.
  4. Indicate the make of the vehicle.
  5. Specify the body style of the vehicle.
  6. Write the model of the vehicle.
  7. Enter the date of sale in the designated space.
  8. State the current odometer reading (no tenths of miles).
  9. Check the appropriate box regarding the odometer reading:
    • Actual mileage
    • Exceeds mechanical limits
    • Not actual mileage (warning odometer discrepancy)
  10. Both sellers must sign and print their names in the designated areas.
  11. Include the seller's signature and the date of signing.
  12. Provide the seller's street address, city, state, and zip code.
  13. Both buyers must sign and print their names in the required fields.
  14. Fill in the buyers' street address, city, state, and zip code.

Your Questions, Answered

What is the purpose of the DR 2173 A form?

The DR 2173 A form serves as a Bill of Sale for a motor vehicle. It documents the transfer of ownership from the seller to the buyer. By completing this form, both parties acknowledge the sale and the terms associated with it, including the vehicle's identification and the agreed-upon sale price.

What information is required on the DR 2173 A form?

Key information required on the form includes the vehicle's identification number (VIN), year, make, body style, model, and the date of sale. Additionally, the seller must provide their name, address, and signature, along with the buyer's information and signatures. The odometer reading at the time of sale must also be documented, ensuring compliance with federal regulations.

Why is the odometer disclosure important?

The odometer disclosure is crucial because it ensures that the buyer is aware of the vehicle's mileage at the time of sale. Federal law mandates this disclosure to prevent fraud and protect consumers. Providing false information about the odometer reading can lead to serious legal consequences, including fines or imprisonment.

What does "as is" mean in the context of the form?

The term "as is" indicates that the vehicle is being sold in its current condition, without any warranties or guarantees from the seller regarding its performance or condition. Buyers should understand that they accept the vehicle with all its existing faults and issues.

What should I do if I find an error on the form after it has been signed?

If an error is discovered after the form has been signed, it is important to address it promptly. Both the seller and buyer should agree on the correction, and a new form may need to be completed to ensure that all information is accurate. Keeping clear communication between both parties is essential in these situations.

Is the DR 2173 A form legally binding?

Yes, once both the seller and buyer sign the DR 2173 A form, it becomes a legally binding document. This means that both parties are obligated to adhere to the terms outlined in the form, including the transfer of ownership and the agreed-upon sale price.

What happens if the seller does not have the title to the vehicle?

If the seller does not possess the title, they cannot legally transfer ownership of the vehicle. It is advisable for the seller to obtain a duplicate title from their local Department of Motor Vehicles (DMV) before proceeding with the sale. Without a title, the transaction may be considered invalid.

Can the DR 2173 A form be used for any type of vehicle?

The DR 2173 A form is specifically designed for motor vehicles. This includes cars, trucks, motorcycles, and other motorized vehicles. However, it may not be suitable for non-motorized vehicles or other types of property. Always check local regulations to ensure compliance.

Common mistakes

  1. Leaving the Purchase Price Blank: It is essential to fill in the purchase price of the vehicle. Omitting this information can lead to confusion or disputes later on.

  2. Incorrect Vehicle Identification Number (VIN): The VIN must be accurate and match the vehicle. Errors in this number can cause issues with registration and ownership transfer.

  3. Not Completing the Odometer Disclosure: Federal law requires the odometer reading to be disclosed. Failing to provide this information or giving false information can result in serious penalties.

  4. Missing Signatures: All required signatures from both the seller and buyer must be present. Without these, the document may not be legally binding.

  5. Inaccurate Dates: The date of sale should be clearly indicated. An incorrect date can create complications regarding the ownership timeline.

  6. Not Providing Complete Address Information: Both the seller's and buyer's addresses should be fully completed. Incomplete address information can lead to difficulties in communication or ownership verification.

Documents used along the form

The Dr 2173 A form is commonly used in the sale and transfer of motor vehicles. Alongside this form, several other documents may be required to ensure a smooth transaction. Here is a list of additional forms and documents that are often used with the Dr 2173 A form.

  • Bill of Sale: This document serves as proof of the transaction between the seller and buyer. It outlines the details of the vehicle, including the VIN, make, model, and sale price.
  • Odometer Disclosure Statement: Required by federal law, this statement confirms the vehicle's mileage at the time of sale. It helps prevent fraud related to odometer tampering.
  • Title Transfer Application: This form is necessary for officially transferring the vehicle title from the seller to the buyer. It ensures that the new owner is legally recognized.
  • Vehicle History Report: This report provides important information about the vehicle’s past, including accidents, repairs, and previous ownership. It helps buyers make informed decisions.
  • Emissions Certificate: In some states, this certificate verifies that the vehicle meets local emissions standards. It may be required for the sale to be completed legally.
  • Release of Liability: This document protects the seller from future liabilities related to the vehicle after the sale. It confirms that the seller is no longer responsible for the vehicle.
  • Power of Attorney: If someone is handling the sale on behalf of the owner, this document grants them the authority to act in the owner's place during the transaction.
  • Insurance Documentation: Proof of insurance may be required to register the vehicle in the buyer's name. It ensures that the vehicle is covered from the moment of purchase.
  • Payment Receipt: This receipt provides evidence of the payment made for the vehicle. It can be useful for both parties for record-keeping purposes.
  • Affidavit of Vehicle Ownership: This document may be needed if the title is lost. It serves as a sworn statement confirming the seller's ownership of the vehicle.

Having these documents ready can simplify the buying and selling process. It's essential to ensure all paperwork is completed accurately to avoid any complications down the line. Always consult with a professional if you have questions about any of these forms.

Similar forms

The Dr 2173 A form serves as a vital document in the transfer of vehicle ownership. Several other documents share similarities with this form in terms of purpose and content. Below is a list of four such documents:

  • Bill of Sale: Like the Dr 2173 A form, a Bill of Sale outlines the transfer of ownership of a vehicle. It includes details such as the buyer and seller's information, vehicle identification number (VIN), and the sale price. Both documents serve as proof of the transaction.
  • Odometer Disclosure Statement: This document is often included with the Bill of Sale and is crucial for disclosing the vehicle's mileage at the time of sale. Similar to the Dr 2173 A form, it requires the seller to certify the accuracy of the odometer reading, ensuring transparency in the transaction.
  • Vehicle Title: The vehicle title is a legal document that establishes ownership of the vehicle. The Dr 2173 A form complements the title transfer process by documenting the sale and providing the necessary information for the new owner to register the vehicle.
  • Purchase Agreement: A Purchase Agreement outlines the terms of the sale between the buyer and seller. It typically includes details such as the purchase price, payment terms, and any warranties. Like the Dr 2173 A form, it formalizes the agreement and protects both parties' interests.

Dos and Don'ts

When filling out the DR 2173 A form, there are several important dos and don’ts to keep in mind. Below is a list to guide you through the process.

  • Do provide accurate information regarding the vehicle's identification number (VIN).
  • Do ensure that the odometer reading is clearly stated and accurate.
  • Do sign the form where required to acknowledge the transfer of ownership.
  • Do print names clearly in the designated areas to avoid any confusion.
  • Don’t leave any sections blank; fill out all required fields completely.
  • Don’t provide false information about the odometer reading.
  • Don’t forget to include the date of sale to validate the transaction.
  • Don’t overlook the need for both buyer signatures if there are multiple buyers.

Misconceptions

When it comes to the DR 2173 A form, there are several misconceptions that can lead to confusion. Understanding these myths can help ensure a smoother vehicle transfer process.

  • The DR 2173 A form is only necessary for new vehicles. This is not true. The form is required for the sale of any motor vehicle, regardless of its age.
  • Completing the form is optional. In reality, this form is crucial for legally transferring ownership. Skipping it can lead to complications down the road.
  • The seller must provide a warranty on the vehicle. Actually, the form states that the vehicle is sold "as is." This means the seller does not guarantee its condition after the sale.
  • Odometer disclosure is just a formality. This is a serious matter. Federal law requires accurate odometer readings, and failing to provide them can result in significant penalties.
  • Only the seller needs to sign the form. Both the seller and the buyer must sign the DR 2173 A form to complete the transfer of ownership legally.
  • Once the form is signed, the transaction is complete. While signing is a critical step, it’s important to ensure that all information is accurate and complete to avoid future issues.

By dispelling these misconceptions, you can navigate the vehicle sale process with confidence and clarity.

Key takeaways

When filling out and using the DR 2173 A form, it is essential to follow specific guidelines to ensure the process is smooth and legally binding. Here are key takeaways to consider:

  • Complete All Sections: Fill in every required field accurately, including the vehicle identification number (VIN), year, make, model, and sale date.
  • Accurate Sale Price: Clearly state the sale price in the designated space. This amount is crucial for both parties and for future reference.
  • Odometer Disclosure: Federal law mandates that the odometer reading must be disclosed. Ensure this is completed truthfully to avoid legal repercussions.
  • Signature Requirements: Both the seller and buyer must sign the form. If there are multiple buyers, all signatures are necessary for the transfer to be valid.
  • As Is Condition: The vehicle is sold "as is." This means the buyer accepts the vehicle in its current state, and the seller is not liable for future issues.
  • Keep Copies: After completing the form, retain copies for your records. This documentation can be useful for future reference or in case of disputes.
  • Legal Ownership: The seller certifies ownership and the right to sell the vehicle, which protects the buyer against future claims.

Understanding these points can help facilitate a successful transaction and ensure compliance with legal requirements. Always consider consulting with a legal expert if any uncertainties arise during the process.