Massachusetts Odometer Disclosure Statement With Example

• Category: Bills of Sale - Automobiles
• State: Massachusetts
• Control #: MA-00431
• Format: Word; Rich Text

Description

This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.

The Massachusetts odometer disclosure statement is a legal document that must be completed during the sale or transfer of a motor vehicle in Massachusetts. This document is required by the Massachusetts Registry of Motor Vehicles (REV) to ensure the accurate reporting of a vehicle's mileage. The odometer disclosure statement helps protect buyers from unknowingly purchasing a vehicle with a tampered or inaccurate odometer reading. The purpose of the Massachusetts odometer disclosure statement is to provide a complete and truthful report of the vehicle's mileage at the time of sale or transfer. It is important for both the buyer and the seller to accurately fill out this document to avoid any potential legal issues later on. It is worth mentioning that there are two different types of Massachusetts odometer disclosure statements depending on the vehicle's age and type. These are the "Odometer Disclosure Statement for Vehicles Less Than 10 Years Old" and the "Odometer Disclosure Statement for Vehicles 10 Years Old or Older." Let's take a closer look at each: 1. Odometer Disclosure Statement for Vehicles Less Than 10 Years Old: This type of disclosure statement is used for vehicles that are less than 10 years old. Sellers of these vehicles must complete this statement accurately and provide their name, address, and signature. Additionally, the statement requires the seller to enter the vehicle's odometer reading, including the mileage shown on the odometer at the time of sale/transfer, any differences between the actual mileage and the odometer reading, and reasons for the difference (if any). Example: -------------------------- ODOMETER DISCLOSURE STATEMENT for Vehicles Less Than 10 Years Old Seller's Name: John Smith Seller's Address: 123 Main Street, Boston, MA 02101 Vehicle Information: Make: Toyota Model: Camry Year: 2018 VIN: 1HGCM82633A123456 Date of Sale/Transfer: 01/01/2022 Odometer Disclosure: Odometer Reading: 35,000 miles Is the odometer reading the actual mileage of the vehicle? [ ] Yes [ ] Now If no, please explain: _______________ -------------------------- 2. Odometer Disclosure Statement for Vehicles 10 Years Old or Older: For vehicles that are 10 years old or older, this specific disclosure statement is used. It requires the same information as the previous type but does not require an explanation in case of a mileage discrepancy. The seller must still provide their name, address, and signature, as well as the vehicle's odometer reading at the time of sale/transfer. Example: -------------------------- ODOMETER DISCLOSURE STATEMENT for Vehicles 10 Years Old or Older Seller's Name: Mary Johnson Seller's Address: 456 Elm Street, Springfield, MA 01103 Vehicle Information: Make: Chevrolet Model: Impala Year: 2005 VIN: 5XYZT3LBXEG123456 Date of Sale/Transfer: 02/15/2022 Odometer Disclosure: Odometer Reading: 115,000 miles Is the odometer reading the actual mileage of the vehicle? [ ] Yes [ ] No -------------------------- In conclusion, the Massachusetts odometer disclosure statement is a critical document that ensures the accurate reporting of a vehicle's mileage during its sale or transfer. Sellers must fill out the appropriate type of disclosure statement depending on the vehicle's age, providing all necessary details and their signature to comply with Massachusetts REV regulations.