Form VSA 5. Odometer Disclosure Sheet - Virginia

Form VSA 5 - Odometer Disclosure Sheet is used to record the odometer readings for new vehicles or to allow a lessee to report odometer readings to a lessor.

The parties involved in this form are vehicle buyers or lessees and sellers or lessors. The form consists of sections where the odometer readings are recorded, along with relevant vehicle and transaction information.

Important fields in this form include the vehicle's odometer reading, the date of the reading, the seller's or lessor's information, and the buyer's or lessee's information. Accurate and clear recording of the odometer readings is essential to prevent any potential odometer fraud or misrepresentation.

An example scenario where this form would be used is during the sale or lease of a motor vehicle. When a vehicle is sold, the seller must disclose the vehicle's current odometer reading to the buyer using Form VSA 5. This disclosure ensures that the buyer is aware of the vehicle's mileage at the time of purchase.

No additional documents are typically needed to complete this form, as it primarily serves as a means of odometer disclosure. However, vehicle sellers or lessors may need to refer to other related documents, such as the vehicle title or bill of sale, when completing the form. Related forms or alternatives may include digital odometer disclosure systems used by dealerships or electronic odometer disclosure forms used in some states.