Form SUT 1. Vehicle Price Certification (Vehicle Over 5 Years) - Virginia
Form SUT 1 - Vehicle Price Certification (Vehicle Over 5 Years) is used by individuals (not motor vehicle dealers) to certify the purchase price of a motor vehicle more than 5 years old to obtain a vehicle title. This form is crucial for accurately documenting the value of older vehicles for title purposes.
The parties involved are the individual certifying the vehicle price and the Virginia Department of Motor Vehicles. The form includes sections for vehicle details, purchase price certification, and the individual's signature.
Key fields in this form include vehicle information, purchase price certification, and the individual's signature. Accurate reporting of the vehicle's value is essential for proper titling.
An example use case is an individual purchasing a used vehicle that is more than 5 years old. This form is necessary to certify the purchase price of the vehicle and obtain a title for it.
No additional documents are typically required for this form. However, individuals should be prepared to provide accurate vehicle information and supporting documents if requested. Related forms might involve applications for titling vehicles under different circumstances or with different requirements.