This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Kansas Odometer Statement With Multiple Conditions
State:
Kansas
Control #:
KS-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Kansas Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
Federal and Kansas law requires that you state the mileage upon transfer of ownership. Providing a false statement may result in fines and/or imprisonment.
A used vehicle marked ?exempt? it means that the vehicle is 10 years or older and its mileage isn't reliable. For all of these reasons, most states, have passed laws to coincide with the Federal Odometer Act. The law exempts cars 10 years or older from the requirement of having mileage reported at the time of sale.
The mileage discrepancy refers to misrepresenting the mileage of the automobile. The odometer discrepancy has to emphasize the unreliability of the odometer tool in terms of counting and reading the mileage but in most cases, these two terms are used interchangeably.
Odometer Disclosure Statement (Form 3019) All trailers and all-terrain vehicles are exempt from mileage disclosure requirements. Exceptions are: Any motor vehicle having a gross vehicle weight rating of more than 16,000 pounds; Any motor vehicle that is ten years of age or older at the time of transfer.
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.