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Odometer Disclosure Statement DATE OF SALE/DELIVERY: TO BE COMPLETED BY SELLER I/We state that the odometer mileage indicated for the vehicle described below is: (check one) Miles Kilometers Hours

How to fill out odometer disclosure statement to

How to fill out an odometer disclosure statement:

1. Obtain the odometer disclosure statement form: To fill out an odometer disclosure statement, you first need to obtain the appropriate form. This form can usually be obtained from the Department of Motor Vehicles (DMV) or other relevant authorities in your area.
2. Provide vehicle information: Start by providing accurate information about the vehicle for which you are filling out the odometer disclosure statement. This typically includes the make, model, year, vehicle identification number (VIN), and any other relevant details.
3. Fill in the current odometer reading: The odometer disclosure statement requires you to record the current odometer reading of the vehicle accurately. Ensure that you carefully read the odometer and enter the correct mileage without any misleading information.
4. Indicate the status of mileage: Determine whether the mileage registered on the odometer is accurate or not. If the mileage is accurate and reflects the actual distance the vehicle has traveled, mark it as "Actual." If the odometer is malfunctioning or has been replaced, mark it as "Not Actual." If the mileage is unknown due to any reason, mark it as "Exempt."
5. Provide additional information: Some odometer disclosure statements may require additional information, such as the date of the mileage reading, the name of the person providing the reading, or any remarks regarding the odometer condition. Fill in these details accurately as required.
6. Sign and date the form: Once you have completed filling out all the necessary information, carefully review the form to ensure everything is accurate and legible. Sign and date the form to certify that the information provided is true and accurate to the best of your knowledge.

Who needs an odometer disclosure statement:

1. Individuals selling or transferring ownership of a motor vehicle: Anyone who is selling their vehicle to another party or transferring its ownership generally needs to provide an odometer disclosure statement. This document ensures transparency regarding the vehicle's mileage and protects both the buyer and seller from any potential fraud or misrepresentation.
2. Dealerships and car manufacturers: Dealerships and car manufacturers are also required to provide an odometer disclosure statement when selling new or used vehicles. This helps maintain transparency in the marketplace and ensures that accurate mileage is recorded for each vehicle sold.
3. Financial institutions and lenders: Institutions providing loans or financing options for vehicles often require an odometer disclosure statement to verify the mileage of the collateral asset. This helps them assess the value and condition of the vehicle before approving the loan.

Note: The specific requirements for who needs an odometer disclosure statement may vary depending on the country, state, or local regulations. It is essential to consult the relevant authorities or legal professionals to determine the specific requirements applicable to your situation.

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