Secure Your Odometer Disclosure Statement for Vehicle Buyers and Sellers | State Requirements

If you're buying or selling a vehicle, it's important to understand the role of an odometer disclosure statement. At BizzLibrary.com, we offer a comprehensive odometer disclosure statement template that can be customized to meet your specific needs. Protect your interests and stay compliant with state and federal regulations by using our legally approved document.

What is an Odometer Disclosure Statement?

An odometer disclosure statement is a legal document that provides information about a vehicle's mileage history. It's used during the sale or transfer of a motor vehicle to disclose the odometer reading as of the date of sale or transfer. This information is important because odometer fraud is a common problem that can cost unsuspecting buyers thousands of dollars.

Who Needs an Odometer Disclosure Statement?

Both the seller and purchaser of a vehicle need an odometer disclosure statement to complete the sale or transfer. The seller is required to provide the statement, while the purchaser is required to sign it. It's important to note that the requirements for this document vary by state, so it's essential to verify the specific requirements in your state before proceeding with the sale or transfer of a vehicle.

What Should be Included in an Odometer Disclosure Statement?

At a minimum, an odometer disclosure statement should include the following:

• The seller's name and address
• The purchaser's name and address
• The date of sale or transfer
• The vehicle's make, model, year, and identification number
• The odometer reading at the time of sale or transfer
• A statement by the seller that the mileage is accurate to the best of their knowledge
• A statement by the purchaser acknowledging receipt of the odometer disclosure statement

Download our Odometer Disclosure Statement Template

Stay compliant and ensure a smooth vehicle sale or transfer with our odometer disclosure statement template. It's available in DOCX format and easy to customize to your specific needs. Our templates are professionally drafted and legally compliant, giving you the peace of mind you need during the sale or transfer of a vehicle.

Visit BizzLibrary.com now to access a wide range of business document templates, including legal contracts, sales agreements, and more. Secure your transactions with accurate and legally compliant documents.