Form VTR-207. Inventory of Component Parts Purchased/Affidavit Bill of Sale

Form VTR-207 is a legal document used in Texas to document the purchase of component parts for a vehicle. The form serves as an Inventory of Component Parts Purchased/Affidavit Bill of Sale and is used to prove the ownership of the parts. The parties involved are the buyer and seller of the component parts.

The form consists of several parts, including general information about the buyer and seller, a list of the component parts purchased, and an affidavit by the seller attesting to the validity of the sale. The important fields to consider when completing the form include the make, model, and year of the vehicle, the part numbers and descriptions of the component parts, and the purchase price.

When filling out the form, it is important to have accurate information about the component parts and the transaction. The data required when filling out the form includes the name and contact information of the buyer and seller, the date of the sale, and the purchase price. Additionally, the form must be signed by both parties and notarized.

Examples of when Form VTR-207 might be required include when purchasing or selling a vehicle for parts or when rebuilding a salvaged vehicle. Strengths of the form include providing a clear record of the transaction and protecting both the buyer and seller. Weaknesses may include potential errors or inaccuracies in the information provided.

Alternative forms or analogues may include state-specific forms for documenting the purchase or sale of vehicle parts. It's important to research the specific requirements for your state to ensure that you have all the necessary information when completing the form.

The form can be filled and submitted in person at a Texas Department of Motor Vehicles office or by mail. It is important to keep a copy of the completed form for your records. The form is stored electronically by the Texas Department of Motor Vehicles.