Complete Odometer Disclosure Statement | State of Reading - Mileage Below Odometer

Are you in the process of buying or selling a vehicle? If so, you may need an odometer disclosure statement. At BizzLibrary.com, we understand the importance of accurately recording vehicle mileage, which is essential for determining the value and history of a vehicle. Our professionally drafted odometer disclosure statement template provides a clear and concise way to record the mileage and ensure legal compliance.

What is an Odometer Disclosure Statement?

An odometer disclosure statement is a legal document that records the mileage of a vehicle at the time of sale or transfer of ownership. It is required by law in most states to ensure that the buyer is fully aware of the vehicle's true mileage and its condition. The document must be signed by both the buyer and the seller and should indicate the current mileage on the odometer at the time of the sale or transfer.

Why is Accurate Mileage Important?

Recording accurate vehicle mileage is crucial for several reasons:

• Vehicle Valuation: The value of a vehicle is largely based on its mileage. Knowing the accurate mileage is essential to determining a fair price when buying or selling a vehicle.
• Vehicle History: Accurately tracking the mileage of a vehicle can help detect potential problems and assist in maintaining the vehicle's performance and condition over time.
• Legal Compliance: As previously mentioned, an odometer disclosure statement is legally required in most states to prevent odometer tampering and ensure that the buyer is aware of the vehicle's true mileage.

Get Your Odometer Disclosure Statement Template

At BizzLibrary.com, we offer a professionally drafted odometer disclosure statement template to help you comply with state requirements and accurately document the mileage of your vehicle.

Our document template is available in DOCX format, making it easy for you to customize and adjust it to your specific needs. You can download it from our website with just a few clicks of a button.

Don't fall foul of onerous state requirements - make sure you use our odometer disclosure statement to record the mileage of your vehicle below its reading. Protect yourself and comply with state law.

Visit BizzLibrary.com today to access our comprehensive library of business document templates!