Odometer Disclosure Statement | State Seller Mileage Odometer

When it comes to buying or selling a used vehicle, it's vital to have a proper odometer disclosure statement in place. As a seller, it's your responsibility to provide accurate information regarding the vehicle's mileage to avoid any potential legal issues down the line. At BizzLibrary.com, we understand the importance of transparency and have created a comprehensive Odometer Disclosure Statement template to make the process easier for you.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a legal document that provides a record of a vehicle's mileage as reported by the seller. It is designed to protect the buyer from any fraud or misrepresentation and ensure that the vehicle is in good condition. The statement must be completed by the seller and signed to acknowledge that the information on the document is accurate and true.

Why Do You Need an Odometer Disclosure Statement?

An Odometer Disclosure Statement is required by law in most states when selling a used vehicle. It ensures that the buyer is fully aware of the vehicle's mileage and there are no disputes or discrepancies regarding the condition of the car. Here are some key reasons why you need an Odometer Disclosure Statement:

• Legal Requirements: Many states in the US have laws requiring odometer disclosure statements to be completed when selling a used vehicle. Failure to comply with these laws can result in hefty fines, penalties, or even criminal charges.
• Prevents Fraud: An accurate odometer reading prevents the buyer from being misled into purchasing a vehicle with an artificially low mileage, which could lead to future operational or legal problems.
• Protects Seller: By providing a truthful odometer disclosure, the seller can avoid any future legal disputes related to mileage fraud or misrepresentation.

How to Use Our Odometer Disclosure Statement Template?

Our Odometer Disclosure Statement template is available in downloadable DOCX format and is easy to customize. Simply fill in the required information, such as the seller's and buyer's names and addresses, the vehicle's make and model, the date of sale, and most importantly, the vehicle's current mileage.

Once you've completed the document, remember to sign and date the statement to acknowledge the vehicle's mileage you have provided is accurate. This statement will then be attached to the bill of sale or other purchase agreements for the vehicle.

Download Our Odometer Disclosure Statement Template Today

Protect your interests and satisfy state legal requirements by obtaining our Odometer Disclosure Statement template. Visit BizzLibrary.com today to access our wide range of customizable business documents, including legal agreements, sales contracts, and more. A small investment today could save you from potential legal or financial issues in the future, so download now and have peace of mind!