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This document is used to disclose the mileage of a leased vehicle during the transfer of ownership, as required by federal and state law. It includes sections for both the transferor and transferee
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How to fill out odometer disclosure statement leased
How to fill out Odometer Disclosure Statement (Leased Vehicle)
01
Obtain the Odometer Disclosure Statement form from the leasing company or state DMV.
02
Fill in the vehicle's make, model, year, and VIN (Vehicle Identification Number).
03
Enter the current odometer reading in the designated space.
04
Include the date of the odometer reading.
05
Provide the lessee's name and address.
06
Sign and date the statement as the lessor.
07
Ensure the lessee also signs and dates the form.
Who needs Odometer Disclosure Statement (Leased Vehicle)?
01
The lessor (vehicle owner or leasing company) needs the Odometer Disclosure Statement to disclose the vehicle's mileage.
02
The lessee (person leasing the vehicle) needs this statement to acknowledge the odometer reading at the start of the lease.
03
State agencies may require it for registration and titling processes.
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Who fills out the odometer disclosure statement?
The transferee, when applying for a title, is required to provide the transferor's (seller's) title, and if that title contains a space for the ( printed page 52667) transferor to disclose the vehicle's mileage, that information must be included, and the statement must be signed and dated by the transferor.
Do I need an odometer disclosure statement in TN?
PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.
How to get an odometer disclosure statement?
How to Obtain an Odometer Disclosure Statement. Every state requires some form of odometer disclosure statement. You can visit your state Department of Motor Vehicles (DMV) website for specific details about where you live. Some states use a federal form for the statement, and others have their own unique templates.
What is an example of an odometer disclosure statement?
1. I hereby certify that, to the best of my knowledge, the above-listed odometer reading reflects the actual mileage of the vehicle described below. 2. I hereby certify that, to the best of my knowledge, the above-listed odometer reading reflects the amount of mileage in excess of its mechanical limits.
Who fills out an odometer statement?
The transferee, when applying for a title, is required to provide the transferor's (seller's) title, and if that title contains a space for the ( printed page 52667) transferor to disclose the vehicle's mileage, that information must be included, and the statement must be signed and dated by the transferor.
Does an odometer disclosure statement need to be notarized?
While specific regulations vary among states, some necessitate submitting notarized odometer disclosure statements and sale/title paperwork.
How to get odometer disclosure statement?
How to Obtain an Odometer Disclosure Statement. Every state requires some form of odometer disclosure statement. You can visit your state Department of Motor Vehicles (DMV) website for specific details about where you live. Some states use a federal form for the statement, and others have their own unique templates.
How to fill out an odometer disclosure statement in NJ?
Odometer Disclosure Statement. Information. Step 1 – Vehicle Information. Step 2 – Buyer Information. Step 3 – Seller Information. Step 4 – Odometer Information. □ WARNING – ODOMETER DISCREPANCY – I hereby certify that the odometer reading is NOT the. Step 5 – Statement of Buyer.
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What is Odometer Disclosure Statement (Leased Vehicle)?
An Odometer Disclosure Statement (Leased Vehicle) is a legal document that verifies the mileage of a leased vehicle at the time of its transfer or sale. It ensures transparency regarding the actual distance the vehicle has traveled.
Who is required to file Odometer Disclosure Statement (Leased Vehicle)?
The lessor (the leasing company) and the lessee (the person leasing the vehicle) are both required to file an Odometer Disclosure Statement when the leased vehicle is sold or transferred to another party.
How to fill out Odometer Disclosure Statement (Leased Vehicle)?
To fill out the Odometer Disclosure Statement, provide the date of the transfer, the current odometer reading, the names and addresses of both the lessor and lessee, and their signatures. Ensure all information is accurate and complete to comply with legal requirements.
What is the purpose of Odometer Disclosure Statement (Leased Vehicle)?
The purpose of the Odometer Disclosure Statement is to prevent odometer fraud by documenting the accurate mileage of a vehicle. It protects consumers and ensures that buyers are aware of the vehicle's true distance traveled.
What information must be reported on Odometer Disclosure Statement (Leased Vehicle)?
The Odometer Disclosure Statement must report the vehicle's current odometer reading, the date of the reading, the names and addresses of the lessor and lessee, and both parties' signatures. Additional details like the vehicle identification number (VIN) may also be required.
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