Arkansas Federal Odometer Statement With Multiple Conditions
Description
How to fill out Arkansas Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
Box one should be used if the vehicle's odometer has ?rolled over.? Years past this was common when most vehicles only had an odometer that went up to 100,000 miles, but nowadays it is very uncommon to use this box. Box two should be used if the odometer is inaccurate.
I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.
Odometer Statement. Under federal guidelines, vehicles less than 20 years old must have a fully completed odometer disclosure statement signed by both the buyer and the seller.
An odometer disclosure statement is a legal document that states the accurate mileage on a vehicle's odometer at the time of transfer from the seller to the buyer. If the seller knows that the car's mileage is incorrect, the document must contain that information.
In Arkansas, the seller of a motor vehicle is required to file a federal odometer statement with the Arkansas Office of Motor Vehicle. The statement must be filed at the time of sale or transfer of ownership of a motor vehicle with a model year of 10 years old or newer.