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ODOMETER DISCLOSURE STATEMENT (LEASED VEHICLE)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

How to fill out odometer statement

How to fill out odometer statement

1. To fill out an odometer statement, follow these steps:
2. Begin by writing down the date on which the odometer reading is being recorded.
3. Write the current reading of the odometer.
4. Mention the unit of measurement, whether it is in miles or kilometers.
5. Specify the vehicle's make, model, year, and vehicle identification number (VIN).
6. Include the printed name and signature of both the buyer and the seller to acknowledge the accuracy of the reading.
7. Make a copy of the completed odometer statement for each party involved.

Who needs odometer statement?

1. Odometer statements are typically needed in the following situations:
2. - During the sale or transfer of a vehicle to track its mileage accurately.
3. - When applying for a loan or lease on a vehicle to provide accurate mileage information.
4. - If the odometer has been replaced or repaired, a statement may be required to document the change.
5. - For insurance claims involving the mileage of a vehicle.

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What is odometer statement?

Odometer statement is a document that records the mileage of a vehicle at a specific point in time.

Who is required to file odometer statement?

Individuals or entities involved in the transfer or sale of a vehicle are required to file an odometer statement.

How to fill out odometer statement?

To fill out an odometer statement, you need to accurately record the mileage of the vehicle at the time of transfer and include relevant information such as the VIN number.

What is the purpose of odometer statement?

The purpose of an odometer statement is to prevent odometer fraud and provide accurate information about the mileage of a vehicle to potential buyers.

What information must be reported on odometer statement?

The odometer statement must include the mileage of the vehicle at the time of transfer, the date of transfer, the VIN number, and the signatures of both the buyer and seller.