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ODOMETER DISCLOSURE STATEMENT FEDERAL LAW (AND STATE LAW, IF APPLICABLE) REQUIRES THAT THE LESSEE DISCLOSE THE MILEAGE TO THE LESSOR IN CONNECTION WITH THE TRANSFER OF OWNERSHIP. FAILURE TO COMPLETE

How to fill out odometer disclosure statement

Point by point, here is how to fill out an odometer disclosure statement:

1. Obtain the form: Start by obtaining the odometer disclosure statement form. This form can typically be obtained from your local department of motor vehicles (DMV) or downloaded from their official website.
2. Provide vehicle information: Fill out the vehicle information section on the form. This typically includes details such as the make, model, year, and vehicle identification number (VIN) of the vehicle for which you are disclosing the odometer reading.
3. Fill in the odometer reading: Locate the space provided on the form to disclose the current odometer reading of the vehicle. This is typically expressed in miles or kilometers, depending on the country you are in. Ensure that you accurately record the reading.
4. Indicate the method of reading: Specify how the odometer reading was obtained. There are usually three options to choose from: actual mileage, mileage is not the actual mileage, or mileage is in excess of its mechanical limits. Select the option that best describes the situation for the vehicle in question.
5. Provide additional information: If there are any remarks or additional details you need to include, make sure to fill out the appropriate section on the form. This may include relevant information about the vehicle's condition or any known issues related to the accuracy of the odometer reading.
6. Date and sign the form: Lastly, put the date on which you are completing the form and sign it. Some forms may require additional signatures, such as from the buyer or seller, depending on the specific circumstances. Make sure that all necessary signatures are provided.

Who needs an odometer disclosure statement?

An odometer disclosure statement is typically required in the following situations:

1. Vehicle sales: Whenever a vehicle is sold or transferred to a new owner, an odometer disclosure statement is necessary to accurately document the vehicle's mileage at the time of the transaction. This helps to prevent fraud and ensure transparency.
2. Lease terminations: If a leased vehicle is being returned at the end of the lease term, an odometer disclosure statement may be required to document the vehicle's mileage.
3. Out-of-state vehicle transfers: When transferring a vehicle from one state to another, some states may require an odometer disclosure statement as part of the registration process.
4. Title transfers: When a vehicle's title is being transferred or transferred to a new owner, an odometer disclosure statement is generally required to document the mileage.

It is important to check the specific requirements of your state or country to determine who exactly needs an odometer disclosure statement in each situation.

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What is odometer disclosure statement?

Odometer disclosure statement is a legal document that discloses the mileage of a vehicle at the time of transfer of ownership.

Who is required to file odometer disclosure statement?

Any individual or entity transferring ownership of a vehicle is required to file an odometer disclosure statement.

How to fill out odometer disclosure statement?

To fill out an odometer disclosure statement, the transferor must accurately report the mileage of the vehicle at the time of transfer and sign the statement.

What is the purpose of odometer disclosure statement?

The purpose of the odometer disclosure statement is to prevent odometer fraud and provide accurate information about the mileage of a vehicle to the new owner.

What information must be reported on odometer disclosure statement?

The odometer disclosure statement must include the current mileage of the vehicle, the date of the transfer, the name and address of the transferor and transferee, and the vehicle identification number (VIN).