Use our Odometer Disclosure Statement | Protect Yourself as a Seller

Are you selling or buying a vehicle? Then you need an Odometer Disclosure Statement - a legal document that discloses the actual mileage of the vehicle you are buying or selling. An Odometer Disclosure Statement is typically required by state law to prevent odometer tampering or fraud. At BizzLibrary.com, we have created a comprehensive Odometer Disclosure Statement template that you can download in DOCX format.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a written statement that discloses the true mileage of a vehicle. It is used to prevent odometer tampering, which is the illegal act of turning back the odometer to make it appear that the vehicle has fewer miles than it actually does. An Odometer Disclosure Statement is required by law in most states when selling a vehicle, and failure to provide one can result in significant penalties.

Why Do You Need an Odometer Disclosure Statement?

If you're the seller of a vehicle, an Odometer Disclosure Statement is an essential document that legally binds both parties. It confirms the purchase price and actual mileage of the vehicle and protects you against any future liability or claims regarding odometer tampering. As the buyer, an Odometer Disclosure Statement ensures that you are purchasing a vehicle with accurate mileage without any previous alterations to it.

How to Fill Out an Odometer Disclosure Statement

Filling out an Odometer Disclosure Statement is a straightforward process. The document typically includes the following information:

1. The vehicle's make and model
2. The vehicle's year and VIN number
3. The name of the seller and the buyer
4. The date of sale
5. The actual mileage at the time of the sale (or the warning if the odometer is in excess of its mechanical limits)
6. The declaration statement, in which both parties verify and sign their agreement to the odometer reading

Get Your Odometer Disclosure Statement Template

Don't take any risks when it comes to buying or selling a vehicle. Download our Odometer Disclosure Statement template in DOCX format and ensure a smooth and legally compliant transaction. It's easy to complete and provides the necessary assurance that the vehicle's reported mileage is accurate and truthful.

At BizzLibrary.com, we offer a wide range of downloadable document templates that cater to all your business needs, including legal contracts, sales agreements, and more. Visit our website today to download the document templates you need to succeed!