Printed Odometer Disclosure Statement for Vehicles | State Mileage Record Keeping

If you're buying or selling a vehicle, it's important to have a clear understanding of the mileage at the time of the transaction. That's where an Odometer Disclosure Statement comes in. At BizzLibrary.com, we offer a professionally drafted Odometer Disclosure Statement template that makes it easy to comply with state regulations and protect your interests.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a legal document used by buyers and sellers to record the mileage of a vehicle at the time of sale or transfer. It's required by federal law and state regulations in most states to prevent odometer fraud, which is the act of tampering with a vehicle's odometer to misrepresent its actual mileage.

How Does an Odometer Disclosure Statement Work?

The odometer reading is typically recorded on the vehicle title, but an Odometer Disclosure Statement provides an additional layer of protection. When completing the form, the seller must accurately disclose the mileage of the vehicle, along with any relevant remarks or notations. The form is then signed by both the buyer and seller, affirming the accuracy of the disclosed mileage. In some cases, the form may also need to be notarized.

Why Do You Need an Odometer Disclosure Statement?

An Odometer Disclosure Statement is required by law in most states, but it's also important to protect your interests as a buyer or seller. If you're selling a vehicle, providing an accurate odometer reading helps to establish trust with the buyer and prevent potential legal issues down the road. If you're buying a vehicle, the statement provides assurance that the seller has disclosed the vehicle's mileage accurately, allowing you to make an informed decision about the purchase.

Get Your Odometer Disclosure Statement Template

Our Odometer Disclosure Statement template is available in DOCX format, making it easy to print and complete. It's designed to meet state and federal legal requirements while providing a user-friendly format for easy completion. Simply download the template, print it out, and fill in the required information, including the vehicle's mileage and any relevant remarks. Once completed, be sure to sign and date the form to make it legally binding.

Visit BizzLibrary.com today to download your Odometer Disclosure Statement template and access a wide range of other business document templates, including sales agreements, rental contracts, and more. Protect your interests and comply with state regulations with ease.