Complete Your Vehicle Transfer with an Odometer Disclosure Statement

If you're buying or selling a vehicle, it's important to understand the value of the odometer disclosure statement. At BizzLibrary.com, we provide a comprehensive odometer disclosure statement template that can protect both the buyer and the seller by disclosing accurate mileage information.

What is an Odometer Disclosure Statement?

An odometer disclosure statement is a legal document that provides information about the mileage of a vehicle. This statement is typically required by state law when a vehicle is sold or transferred, acting as an affidavit that proves the mileage accuracy. The statement includes details such as:

• The odometer reading at the time of sale/transfer
• The date of the odometer reading
• The vehicle identification number (VIN)
• The buyer and seller information
• A statement that the odometer reading is accurate, or that the mileage is not the actual mileage

Why is an Odometer Disclosure Statement Important?

There are several reasons why an odometer disclosure statement is important:

• To comply with state law: In most states, it's mandatory for the seller to provide an odometer disclosure statement during a vehicle sale or transfer.
• To prevent odometer fraud: An accurate odometer disclosure statement can prevent potential fraud. For example, a seller may roll back the odometer to make it look like the vehicle has lower mileage than it actually does. An accurate disclosure statement can help to protect the buyer from such practices.
• To establish vehicle value: The odometer mileage reading is an important factor in determining the value of a vehicle. An accurate statement can help provide accurate details that may impact the vehicle's sale price.

Get Your Odometer Disclosure Statement Template

At BizzLibrary.com, we provide a professional and reliable legal document template for creating an odometer disclosure statement. Our template is designed to comply with state regulations and ensure a smooth transaction between the buyer and seller.

Download our Odometer Disclosure Statement template in DOCX format today and ensure that all necessary aspects of the vehicle sale or transfer are complete. Visit our website now to access our wide range of document templates, including sales agreements, legal contracts, and more.