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MVD 10187 REV. 07/12 New Mexico Taxation Revenue Department Motor Vehicle Division ODOMETER DISCLOSURE STATEMENT Federal and state law requires the transferor seller of a vehicle to state the odometer mileage upon transfer of ownership. Failure to complete an odometer disclosure statement or providing false information may result in fines and/or imprisonment. Note The Motor Vehicle Division is not responsible for false or fraudulent odometer statements made in connection with transfer of ownership or held liable for recording errors. Vehicle Information Year Make Model Body Type Vehicle Identification Number VIN Certification by Transferor/Seller I Seller hereby certify that the odometer reading of this vehicle is no tenths miles and that to the best of my knowledge the stated mileage is check one of the following The Actual Mileage AM Mileage in Excess of Mechanical Limits EL Warning Odometer Discrepancy Not the Actual Mileage NM Seller s Name printed Buyer s Name printed Address City....

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Your mileage log must be able to prove: The amount: the number of miles driven for each business-related trip. The time: the date and time you take each trip. The place: the destination for each business-related trip.

Record your odometer readings. The most straightforward way to record business miles, and the one preferred by the IRS, is to write down your car's odometer readings when you begin and end the trip. The difference is your mileage. This will get you the most exact mileage for your trip.

It's found on the car's dashboard. Two Greek words come together to form the word “odometer,” leaving us with the meaning of path and measure. There is also a trip odometer on most cars. Unlike the standard odometer, the trip odometer is easy to reset to show how many miles were travelled during a specific time.

Failure to complete an odometer disclosure statement or providing false information may result in fines and/or imprisonment. Note: The Motor Vehicle Division is not responsible for false or fraudulent odometer statements made in connection with transfer of ownership or held liable for recording errors.

An odometer disclosure statement is a required attachment to a vehicle bill of sale at the time of purchase for all vehicles below 16,000 pounds and under 10 years of age.

Maintain a Driving Log You must keep a log of the total miles driven if you choose the standard mileage deduction. The IRS specifies: At the start of each trip, record the odometer reading and list the purpose, starting location, ending location, and date of the trip.

Request a vehicle history report to check for odometer discrepancies in the vehicle's history. If the seller does not have a vehicle history report, use the car's VIN to order a vehicle history report online. If you suspect fraud, contact your state's enforcement agency.

Actual: the mileage as stated is the Actual Mileage, there are no discrepancies. In Excess of Mechanical Limits: Due to limited digits on a vehicle's odometer, the actual mileage is impossible to determine by 'sight'. Example: a vehicle with a 5-digit odometer could not accurately identify mileage over 99,999 miles.

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Keywords relevant to New Mexico Odometer Statement

  • nm
  • odometer
  • Tenths
  • Taxation
  • fraudulent
  • Certification
  • certify
  • fines
  • DISCREPANCY
  • disclosure
  • sellers
  • errors
  • imprisonment
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232