How to Address Mismatched Odometer Readings on Lease Buyout Titles

If you encounter discrepancies in odometer readings during a lease buyout, it's crucial to address the issue promptly and effectively. This guide outlines the steps you should take to resolve any inaccuracies.

Step 1: Gather Documentation

Before contacting the dealership, collect all relevant documentation related to your lease buyout. This includes:

• Lease agreement
• Records from the lease buyout inventory showing stated odometer readings
• Any correspondence with the leasing company or dealership regarding previous communications about the vehicle's condition.

Step 2: Contacting the Dealership

Your first point of contact should be the dealership where you are completing your lease buyout. Follow these guidelines when reaching out:

• Be Clear and Concise: Explain that there is a discrepancy between their recorded odometer reading and what is shown in your documents.
• Mention Relevant Documentation: Reference any specific records that support your claim for clarity.
• Aim for Professional Communication: Maintain a professional tone throughout your discussion; this will facilitate better cooperation from their side.

Step 3: Involve Your Leasing Company

If discussions with the dealership do not yield satisfactory results, it’s time to involve your leasing company. Here’s how to proceed:

1. Select Necessary Forms:
   You will need two key forms:
   • The REG 101 form (Application for Title or Registration)
     This form helps document changes required due to discrepancies.
   • The REG 262 form (Statement of Facts)
     This provides additional context regarding why corrections are necessary.
   
   
2. Create Communication with Leasing Company: 
   Email or call them, explaining clearly about the error in odometer reading on your title. Provide copies of supporting documents if needed.
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