Certify Odometer Reading with Our Odometer Disclosure Statement

Buying or selling a vehicle involves a lot of paperwork, including the Odometer Disclosure Statement (ODS). At BizzLibrary.com, we understand how important it is to have the right documents when it comes to vehicle transactions. That's why we offer a professionally drafted Odometer Disclosure Statement template to help you certify the accuracy of the vehicle's mileage.

What is an Odometer Disclosure Statement?

As the name suggests, an Odometer Disclosure Statement is a document that discloses the mileage of a vehicle being sold or transferred. It is a legal requirement in most states and helps to prevent fraud by ensuring that the mileage is accurately reported and tracked. The ODS is usually completed by the seller and signed by both the buyer and the seller.

Why is an Odometer Disclosure Statement Important?

An Odometer Disclosure Statement is an essential document when it comes to selling or buying a vehicle. Here are some reasons why:

• Legal Requirement: In most states, sellers are legally required to provide an Odometer Disclosure Statement when selling or transferring a vehicle. Failure to provide accurate information may lead to legal repercussions.
• Fraud Prevention: Without an accurate assessment of a vehicle's mileage, buyers may be misled into overpaying for a vehicle. The ODS helps to prevent odometer fraud and assures buyers that the mileage is accurate.
• Vehicle History: The Odometer Disclosure Statement serves as part of the vehicle's history, providing future buyers with information about the mileage. A history of accurate mileage reports can increase the resale value of a vehicle.

How to Complete an Odometer Disclosure Statement

Our Odometer Disclosure Statement template is simple to use and includes all of the necessary fields to accurately report the vehicle's mileage. Some of the details you'll need to include on the form include:

• Vehicle Identification Number (VIN)
• Date of Sale and Mileage
• Seller's and Buyer's Name and Address
• Certification Statement

Once completed, the ODS should be provided to the buyer and a copy kept by the seller for their records.

Download Your Odometer Disclosure Statement Template

At BizzLibrary.com, we make it easy to access professionally drafted business document templates. Download our Odometer Disclosure Statement template in DOCX format and simplify your vehicle transactions. Our template includes all of the necessary fields and certification statements to comply with state regulations and provide accurate mileage reports. Don't take chances with inaccurate vehicle mileage reports – download your Odometer Disclosure Statement template today!