Get an Accurate Odometer Disclosure Statement from Lessor and Lessee | XYZ Templates

Are you looking for an Odometer Disclosure Statement template to ensure that you comply with state and federal laws when leasing a vehicle? At BizzLibrary.com, we offer a professionally drafted Odometer Disclosure Statement document to help you protect your business and comply with the law.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a legal document that identifies the mileage of a vehicle at the time of its sale or lease. Federal law requires that an Odometer Disclosure Statement be furnished to the lessee and that it provide a written disclosure of the vehicle's mileage.

Why is an Odometer Disclosure Statement important?

Leasing a vehicle without properly disclosing the odometer reading can lead to legal issues, including fines and criminal charges. Furthermore, if you've ever purchased a used car, you'll know that accurate mileage is critical in determining the vehicle's actual value and potential issues. An Odometer Disclosure Statement serves as a legal document to establish the correct mileage.

What is included in an Odometer Disclosure Statement?

An Odometer Disclosure Statement typically includes information such as:

• Name of Lessee
• Name of Lessor
• Date of Lease and/or Sale
• Vehicle Make, Model, and Year
• Vehicle Identification Number (VIN)
• Odometer Reading
• Statement that the odometer reading reflects the actual mileage of the vehicle
• Any applicable exceptions or notations

Get Your Odometer Disclosure Statement Template

Don't take any chances with your business. Download BizzLibrary.com's Odometer Disclosure Statement template in DOCX format and comply with legal requirements while protecting your business interests. Our template offers a simple yet comprehensive solution for properly disclosing the odometer reading of a leased vehicle.

Visit BizzLibrary.com to gain access to a wide range of business document templates, including legal contracts, sales agreements, and more. Download our Odometer Disclosure Statement today and ensure your business is compliant and protected.