Complete Your Vehicle Sale with an Odometer Disclosure Statement | State Requirements

Are you buying or selling a vehicle and need to provide an Odometer Disclosure Statement? Look no further! At BizzLibrary.com, we offer a professionally drafted Odometer Disclosure Statement template to help you comply with state regulations and protect your interests.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a legal document that is required by law in many states to disclose the mileage of a vehicle at the time of transfer of ownership. It is used to prevent odometer fraud, which is the illegal act of tampering with an odometer to deceive buyers about the true mileage of a vehicle. Falsifying an odometer reading is a serious crime punishable by law.

Why Do You Need an Odometer Disclosure Statement?

Depending on your state's requirements, you may need to provide an Odometer Disclosure Statement when selling or transferring ownership of a vehicle. This is to protect buyers from unknowingly purchasing a vehicle with a tampered odometer and to assist in maintaining an accurate public record of a vehicle's history. Here are some reasons why you need an Odometer Disclosure Statement:

• State Requirements: Many states require an Odometer Disclosure Statement as a legal requirement for vehicle sales and transfers.
• Protect Your Interests: An Odometer Disclosure Statement provides a record of the vehicle's true mileage at the time of the transfer of ownership. In case of any discrepancies, it protects the seller from potential legal and financial liabilities.
• Keep Accurate Records: An Odometer Disclosure Statement helps to maintain an accurate public record of a vehicle's history, which is useful for future buyers and sellers.

How to Fill Out an Odometer Disclosure Statement?

An Odometer Disclosure Statement typically requires the following information:

• The year, make, and model of the vehicle
• The vehicle identification number (VIN) or serial number
• The name and address of the seller and buyer
• The date of sale and purchase
• The vehicle's current mileage at the time of sale
• A statement of odometer mileage reading, signed by both the seller and buyer

Get Your Odometer Disclosure Statement Template

Ensure compliance with state regulations and safeguard your interests with our Odometer Disclosure Statement template. Available for download in DOCX format, our template helps you to accurately record the mileage of your vehicle and protect yourself from potential legal issues.

Visit BizzLibrary.com today to access our extensive collection of business document templates, including legal contracts, sales agreements, and more. Simplify your life and protect your business interests with BizzLibrary.com.