An odometer disclosure statement is a legal document that accompanies the sale or transfer of a motor vehicle and provides information about the vehicle's mileage. It serves as a way to protect buyers from odometer fraud and ensures transparency in the transaction process. This statement is typically required by law in many countries, including the United States. The primary purpose of an odometer disclosure statement is to disclose accurate and true mileage information to potential buyers, allowing them to make an informed decision based on the vehicle's true condition. This statement must be completed by the seller and may require signature verification to ensure its authenticity. An example of an odometer disclosure statement typically includes the following information: 1. Vehicle Identification Number (VIN): This unique identifier helps ensure that the statement corresponds to the specific vehicle being sold or transferred. 2. Mileage Reading: The current mileage indicated on the vehicle's odometer at the time of the sale or transfer is recorded. It is crucial for this figure to accurately reflect the actual mileage. 3. Date of Disclosure: The date on which the disclosure statement is prepared or completed. 4. Seller Information: The contact details and signature of the seller, affirming that the provided mileage is accurate and that there is no knowledge of any discrepancy or tampering with the odometer. 5. Buyer Information: The buyer's contact information for verification purposes. Sometimes, both parties may need to sign to acknowledge the disclosure. Different types of odometer disclosure statements may be required depending on the nature of the transaction or the state/province regulations. Some examples include: 1. Federal Odometer Disclosure Statement: This is a standardized form required by the federal government in the United States for all motor vehicle sales. It provides a detailed declaration of mileage and any known discrepancies. 2. State-Specific Odometer Disclosure Statement: Many U.S. states have their own specific forms, which may require additional information or disclosures beyond the federal requirements. These forms are tailored to the individual state laws and regulations. 3. As-Is Odometer Disclosure Statement: In some cases, if a vehicle is sold "as-is," the disclosure statement must explicitly state that no warranty on the odometer or mileage is provided, and any repairs or adjustments made to the odometer are disclosed. It is important to consult the specific laws of your jurisdiction and follow the guidelines provided by the relevant authorities when preparing an odometer disclosure statement. Always ensure accuracy, completeness, and compliance with local regulations to protect both the buyer and the seller in any vehicle transaction.