Printed Odometer Disclosure Statement | State-Required Form

If you are purchasing or selling a vehicle, you are likely familiar with the term "odometer disclosure statement." In most states, it is a legal requirement to complete this statement when transferring vehicle ownership to protect both the buyer and the seller. At BizzLibrary.com, we understand the importance of having a reliable odometer disclosure statement, which is why we offer a customizable PDF template for you to download.

What is an Odometer Disclosure Statement?

An odometer disclosure statement is a legal document that records the mileage of a vehicle at the time it is sold or transferred. It ensures that both the buyer and the seller are aware of the vehicle's mileage to prevent any odometer fraud, such as rolling back the mileage to increase the vehicle's value. You may also hear it referred to as an "odometer statement" or "odometer reading."

Why is an Odometer Disclosure Statement Important?

Not having an accurate odometer disclosure statement can lead to potential legal issues down the road. It is essential to keep in mind that it is against federal law to tamper with, alter, or falsify the mileage of a vehicle. Here are some reasons why an odometer disclosure statement is important:

• Protects the Buyer: The statement provides the buyer with an accurate representation of the vehicle's condition, including mileage, before purchasing it. It helps prevent any odometer fraud, which can lead to unnecessary expenses and potential safety risks.
• Protects the Seller: Odometer fraud can also affect the seller, leading to legal and financial consequences. By accurately disclosing the mileage, the seller can prove that they were transparent about the vehicle's condition and avoid any disputes with the buyer.
• State Regulations: Many states require an odometer disclosure statement to be completed as part of the vehicle transfer process. Failure to comply with state regulations can result in penalties and fines.

Customizable Odometer Disclosure Statement PDF Template

At BizzLibrary.com, we offer a customizable PDF template for you to download and use to create your own odometer disclosure statement. Our template includes all the necessary information required by state regulations, such as:

• The make, model, and year of the vehicle
• The vehicle identification number (VIN)
• The current odometer reading
• The seller's name, address, and signature
• The buyer's name and address

Our template includes a user-friendly PDF format, which makes it easy to fill in your details and print. You can also customize the template to suit your needs by adding or removing any necessary fields. With our odometer disclosure statement PDF template, you can ensure that you comply with state regulations and protect both the buyer and the seller's interests in the vehicle transfer process.

Visit BizzLibrary.com now to access a wide range of document templates, including legal and business documents. Take control of your transactions and ensure legal compliance with BizzLibrary.com.