Complete Your Title Transfer with our Odometer Disclosure Statement

Are you planning to sell or purchase a used vehicle? It's always important to have a clear understanding of the vehicle's history, including its mileage. Have you ever heard of an odometer disclosure statement? This is a vital document that protects both the buyer and seller in the transaction process. At BizzLibrary.com, we offer a comprehensive Odometer Disclosure Statement template that download in PDF format making the document easy to access after downloading.

What is an Odometer Disclosure Statement?

An odometer disclosure statement is a legally binding document used when transferring ownership of a vehicle. It provides information about the vehicle's mileage, date of mileage, and state code to ensure that the odometer reading is accurate.

Why is it Important to Have an Odometer Disclosure Statement?

An odometer disclosure statement is necessary for several reasons:

1. It Protects the Buyer: A buyer relies on the mileage information when making a fair decision about purchasing the vehicle. Without a proper odometer disclosure statement, a buyer risks purchasing a vehicle with a tampered odometer.
2. It Protects the Seller: Written odometer disclosures protect the seller by providing evidence of the odometer reading on the sale date. This helps prevent any future disputes about the mileage that may arise down the line.
3. It is a Legal Requirement: In most states, it is a legal requirement to disclose the odometer reading and complete an odometer disclosure statement at the time of sale. Failure to provide this information may result in legal penalties and fines.

How to Use Our Odometer Disclosure Statement Template

Our Odometer Disclosure Statement template is easy to download in PDF format from our website. The template includes the following information:

• Date of Sale
• Vehicle Identification Number (VIN)
• Odometer Reading in miles/kilometers
• Date of Odometer Reading
• Buyer's Printed Name and Address
• Seller's Printed Name and Address
• State Code

Simply fill out the required fields and sign the form to complete the disclosure statement. Make sure to keep a copy of the completed form for your records.

Access Your Odometer Disclosure Statement Now!

At BizzLibrary.com, we make it simple and easy to access essential business document templates like the Odometer Disclosure Statement. Download our template to get the required documentation to complete the transfer of vehicle ownership, protect yourself from any future disputes, and stay compliant with state laws, all while securing a successful transaction.