Arizona Repossession Affidavit PDF Details

In Arizona, when a vehicle is repossessed due to the owner's failure to meet the terms of their lien, the party taking possession must complete an Arizona Repossession Affidavit form. This document, crucial for the legality of the repossession process, serves several key purposes. It not only formalizes the repossession by the legal owner and lienholder but also helps in transferring ownership of the vehicle, if that is the outcome desired. The form covers essential details like the vehicle identification number, the year of manufacture, make of the vehicle, and the names of the registered owners. It requires the lienholder to declare that they are the rightful owner, have repossessed the vehicle legally, and that the vehicle is physically within Arizona's bounds. Significantly, it protects the State of Arizona from liability related to the repossession. The form also doubles as a bill of sale, enabling the vehicle's sale to a new buyer, capturing the sale date, buyer and seller information, and crucially, the odometer reading to comply with federal and state regulations. Misrepresentation of the mileage can result in severe penalties, highlighting the importance of accuracy in completing this affidavit. The inclusion of a section for the new lienholder (if applicable) ensures that all pertinent information is captured in a single document, streamlining the repossession and sale process in Arizona.

QuestionAnswer
Form NameArizona Repossession Affidavit
Form Length1 pages
Fillable?Yes
Fillable fields28
Avg. time to fill out5 min 55 sec
Other namesarizona affidavit of repossession, az repossession, i repossession affidavit, arizona repossession affidavit

How to Fill Out Form 48-0902

Form 48-0902 at a glance

What it is: Form 48-0902 (R05/25) is the REPOSSESSION AFFIDAVIT.

Who signs: The lienholder enters the Lienholder Signature. The seller enters the Seller Name (printed), the Seller Signature and the Date. The buyer enters the Buyer Name (printed), the Buyer Signature and the Date.

A filled-in Form 48-0902 example: a lienholder sells a repossessed car

Form 48-0902 example filled out, example: a lienholder sells a repossessed car
A lienholder fills out the Repossession Affidavit after repossessing a car. The car sells at 48210 miles with no new lien, so Lien Date stays empty. The picture shows the form filled in and none of its entries is real. The odometer reading is the actual mileage, so the boxes under Odometer Reading in miles or kilometers stay empty except miles.

How to fill out Form 48-0902, box by box

Vehicle Identification Number, Year and Make

Form 48-0902 example filled out, vehicle Identification Number, Year and Make

Enter the Vehicle Identification Number, the Year and the Make.

Registered Owner Names, Repossession Date and Title State

Form 48-0902 example filled out, registered Owner Names, Repossession Date and Title State

Enter the Registered Owner Names (printed), the Repossession Date and the Title State.

Lienholder certification: Company Name and Agent Name

Form 48-0902 example filled out, lienholder certification: Company Name and Agent Name

"I certify that I am the legal owner and a lienholder of record for the vehicle described above, that the vehicle is physically located in Arizona and that I repossessed the vehicle upon default pursuant to the terms of the lien and all applicable laws and regulations, and that the State of Arizona, its agencies, employees and agents shall not be held liable for relying on the contents of this affidavit."

Enter the Lienholder Company Name and the Lienholder Agent Name, and the Lienholder Signature.

Bill of Sale: Buyer Name, Sale Date and address

Form 48-0902 example filled out, bill of Sale: Buyer Name, Sale Date and address

Under BILL OF SALE: "I hereby sell to the Buyer, the vehicle described above."

Enter the Buyer Name and the Sale Date.

Enter the Street Address, City, State and Zip.

Name of New Lienholder and Lien Date

Form 48-0902 example filled out, name of New Lienholder and Lien Date

Enter the Name of New Lienholder; if no lien, write NONE. Enter the Lien Date.

Odometer Reading in miles or kilometers

Form 48-0902 example filled out, odometer Reading in miles or kilometers

Federal and State law require that the seller states the mileage in connection with the transfer of ownership.

Enter the Odometer Reading (no tenths) and mark miles or kilometers.

The odometer reading is the actual mileage unless one of these boxes is checked: Mileage in excess of the odometer mechanical limits, or NOT Actual Mileage, WARNING - ODOMETER DISCREPANCY.

"I certify to the best of my knowledge that the odometer reading is the actual mileage unless one of the boxes above is checked."

Failure to complete the odometer statement, or providing a false statement, may result in fines and/or imprisonment.

Seller and Buyer: names, signatures and dates

Form 48-0902 example filled out, seller and Buyer: names, signatures and dates

The seller enters the Seller Name (printed), the Seller Signature and the Date, and the Street Address, City, State and Zip.

The buyer, who is aware of the odometer certification made by the seller, enters the Buyer Name (printed), the Buyer Signature and the Date.

More rules for Form 48-0902

Sequential Bills Of Sale Will Not Be Accepted.

Sources

[1] Form 48-0902 (R05/25), Repossession Affidavit, Arizona Department of Transportation (the Official source link on this page).

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