Complete Your Title Transfer with an Odometer Disclosure Statement - Mileage Guaranteed

Are you buying or selling a vehicle and need to disclose the odometer reading? Look no further than BizzLibrary.com! Our Odometer Disclosure Statement template is designed to legally protect both buyers and sellers by providing a clear and concise record of vehicle mileage.

What is an Odometer Disclosure Statement?

An Odometer Disclosure Statement is a legal document used to disclose the mileage of a vehicle at the time of transfer between the buyer and the seller. It's used to protect both parties from odometer fraud, ensuring an accurate record of a vehicle's mileage is maintained.

Why Do You Need an Odometer Disclosure Statement?

An Odometer Disclosure Statement is essential when buying or selling a vehicle because it:

• Ensures Accurate Record Keeping: By law, both the buyer and seller of a vehicle must take the mileage reading and sign the statement. This provides a clear and accurate record of the mileage at the time of transfer.
• Protects Buyers from Fraud: An Odometer Disclosure Statement helps protect buyers from odometer fraud by providing a record of the vehicle's true mileage. It can also help uncover whether the odometer has been tampered with or rolled back, which is illegal.
• Maintains Vehicle Value: A vehicle's value is largely determined by its mileage. Accurate mileage readings can help buyers make an informed purchasing decision, while sellers can verify the fair market value of their vehicle.

How to Use Our Odometer Disclosure Statement Template

Our Odometer Disclosure Statement template is easy to use and comes in a downloadable DOCX format. Simply fill in the relevant information, including the vehicle make and model, the VIN number, and the current odometer reading. Once completed, both parties can sign and date the statement, and keep a copy for their records.

Download the Odometer Disclosure Statement Template Today

Don't risk legal complications or disputes when buying or selling a vehicle. Download our Odometer Disclosure Statement template today and ensure a smooth and transparent transfer process. Visit BizzLibrary.com now for a wide range of document templates, including legal contracts, vehicle bill of sale, and more. With us, you can have peace of mind knowing that your business transaction is backed by legally sound documents.