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Www Michigan Govsos0,4670,712716409105SOS the Secretary of State Michigan 2020

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Mileage to the lessor in connection with the transfer of ownership. Failure to complete this form or Name of lessee s Please print Name of lessor Please print Date odometer statement sent to lessee Date received from lessee Name of lessor s agent Please print Signature of agent. MICHIGAN DEPARTMENT OF STATE Secretary of State Jocelyn Benson ODOMETER MILEAGE STATEMENT Michigan.gov/SOS See Reverse Side for Leased Vehicles Clear Form Federal law and section 233a of the Michigan Vehicle Code...

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Understanding the Michigan Odometer Statement

The Michigan odometer statement is a crucial document used during the sale or transfer of a vehicle. It serves to disclose the vehicle's mileage at the time of sale, ensuring that the buyer is aware of the odometer reading. This statement is essential for preventing odometer fraud, where the mileage may be misrepresented. In Michigan, this disclosure is legally binding and must be completed accurately to protect both the seller and buyer.

Key Elements of the Michigan Odometer Statement

When filling out the odometer statement in Michigan, there are several key elements to include:

  • Vehicle Information: This includes the make, model, year, and VIN (Vehicle Identification Number).
  • Odometer Reading: The exact mileage displayed on the odometer at the time of sale.
  • Seller and Buyer Information: Names and addresses of both parties involved in the transaction.
  • Date of Sale: The date when the transaction takes place.

Steps to Complete the Michigan Odometer Statement

Completing the Michigan odometer statement involves a straightforward process:

  1. Gather necessary vehicle information, including the VIN and current odometer reading.
  2. Fill in the seller's and buyer's details accurately.
  3. Ensure the odometer reading is clearly stated and reflects the true mileage.
  4. Both parties should sign and date the document to validate the disclosure.

Legal Use of the Michigan Odometer Statement

The odometer statement in Michigan is legally recognized and must be used in accordance with state regulations. It is essential for the seller to provide this statement to the buyer to ensure transparency regarding the vehicle's mileage. Failure to complete this form accurately can lead to legal repercussions, including potential fines or disputes over the vehicle's condition.

Submitting the Michigan Odometer Statement

Once the odometer statement is completed, it should be submitted as part of the vehicle registration process. This can typically be done online through the Michigan Secretary of State’s website, or by mailing the completed form to the appropriate office. Keeping a copy of the signed statement for personal records is also advisable, as it serves as proof of the transaction.

Digital vs. Paper Version of the Odometer Statement

In today's digital age, the option to complete the Michigan odometer statement electronically is available. Electronic submissions can streamline the process and reduce paperwork. However, whether using a digital or paper version, it is crucial to ensure that all information is accurate and that the document is signed by both parties to maintain its legal standing.

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*2011 MI BDVR-108 [2011-05] 20224.8 Satisfied (850 Votes)
*2011 MI BDVR-108 [2011-05] 20204.8 Satisfied (2446 Votes)
*2011 MI BDVR-108 [2011-05] 20194.8 Satisfied (1421 Votes)
*2011 MI BDVR-108 [2011-05] 20114.8 Satisfied (2004 Votes)
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