Form BMV 4729. Repurchase Release

Form BMV 4729 is the Repurchase Release used by the Ohio BMV. The main purpose of this form is to provide a release for individuals who wish to repurchase their salvaged vehicle after it has been deemed a total loss by the insurance company.

The form typically consists of sections where the vehicle owner provides their personal information, including their name, address, and vehicle details. Additionally, the form may require information about the vehicle's condition and the reason for repurchasing it.

The key fields in this form are the vehicle owner's personal information and the details about the salvaged vehicle and the repurchase request. These details are essential for processing the request and verifying the owner's eligibility for repurchasing the salvaged vehicle.

When filling out the form, the vehicle owner should ensure that all their information is accurately stated, and they provide the necessary details about the salvaged vehicle and their intention to repurchase it. Additionally, they should include any required supporting documents or fees, if applicable.

An example scenario for using Form BMV 4729 would be when a vehicle owner's car is involved in a significant accident or incident, resulting in a total loss claim from the insurance company. However, the owner still wants to retain the vehicle and have it repaired rather than accepting the insurance settlement. The owner would complete this form, providing their personal information, vehicle details, and reasons for repurchasing the vehicle. They would then submit the form to the BMV, along with any required documentation or fees, for processing and approval of the repurchase request.

No additional documents are generally required to complete this form if the vehicle owner meets the necessary requirements for repurchasing the salvaged vehicle. However, the BMV may request additional documentation or verification to ensure that the owner is eligible for repurchasing the vehicle and that it is safe to be returned to the road.

Related forms or alternatives may include similar applications for repurchasing salvaged vehicles in other states. The specific requirements and processes for repurchasing salvaged vehicles may vary depending on the state's regulations and insurance practices.