Casual Sale MV 12-C letter
This letter is sent to the seller of the vehicle to verify the consideration received.
How do I respond?
Line 1 – Place the amount of money you received for the vehicle
Line 2 – Did the buyer take over your loan to pay off the vehicle? If so, place the amount of the loan balance that the buyer took over on this line. Any amount used to pay off your loan that was received from the buyer should also be placed on this line, even if you did not physically receive the payment.
Line 3 - Did you trade vehicles? If you did, write down the vehicle you received and a fair market value for this vehicle.
Line 4 – Did you receive other goods or services for the vehicle instead of money? If so, write down what you received and assign a fair market value to those goods or services.
Line 5 – Add up the amounts listed on lines 1 through 4 and place the total on this line.
Line 6 – Assign a condition to the vehicle based on your knowledge of the vehicle.
Line 7 – Write down the number of miles on the vehicle when you sold it.
Line 8 – A daytime contact number is needed in case there are any additional questions.
Line 9 - This area is provided in case there are any other relevant details relating to this transaction.
Any false representation of the price is in violation of section 2921.13 of the Ohio Revised Code. Violation of this section is punishable by six months imprisonment, a fine of up to $1,000, or both.
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