Chase Odometer Statement Form

What is the Chase Odometer Statement

The Chase odometer statement is a legal document that discloses the mileage of a vehicle at the time of sale or transfer. This statement is crucial for both buyers and sellers, as it helps to prevent fraud related to vehicle mileage. It is often required in transactions involving leased vehicles or when selling a car to ensure that the mileage reported is accurate and truthful. The statement typically includes details such as the vehicle identification number (VIN), the seller's information, and the current odometer reading.

How to use the Chase Odometer Statement

Using the Chase odometer statement involves a few straightforward steps. First, ensure that all necessary information is accurately filled out, including the vehicle's VIN and the current mileage. Both the seller and buyer should review the document to confirm its accuracy. Once completed, the statement should be signed by the seller to validate the information provided. This document can then be submitted to the appropriate authorities or kept for personal records as part of the vehicle transaction process.

Steps to complete the Chase Odometer Statement

Completing the Chase odometer statement involves several key steps:

• Gather necessary information, including the vehicle's VIN and current odometer reading.
• Fill in the seller's and buyer's details accurately.
• Double-check all entries for accuracy to avoid any potential disputes.
• Sign the document to affirm the truthfulness of the information provided.
• Provide a copy to the buyer and retain a copy for your records.

Key elements of the Chase Odometer Statement

The Chase odometer statement contains several essential elements that ensure its validity:

• Vehicle Identification Number (VIN): A unique code that identifies the vehicle.
• Current Odometer Reading: The mileage displayed on the vehicle's odometer at the time of sale.
• Seller's Information: Name and address of the person selling the vehicle.
• Buyer's Information: Name and address of the person purchasing the vehicle.
• Signatures: Required signatures from both the seller and buyer to validate the document.

Legal use of the Chase Odometer Statement

The Chase odometer statement serves a legal purpose in vehicle transactions. It helps protect against odometer fraud by providing a written record of the vehicle's mileage at the time of transfer. This document is often required by state laws when selling or transferring ownership of a vehicle. Failure to provide an accurate odometer statement can result in legal penalties and disputes between the buyer and seller.

How to obtain the Chase Odometer Statement

Obtaining the Chase odometer statement is a straightforward process. It can typically be acquired from the dealership where the vehicle was purchased, or it may be available through online resources. If the vehicle is being sold privately, the seller can create the statement using a template or form that includes all necessary information. It is important to ensure that the statement complies with state-specific requirements to ensure its validity.