This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
Odometer Statement Form For Lease Buyout
Category:
State:
Rhode Island
Control #:
RI-00431B
Format:
Word;
Rich Text
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How to fill out Odometer Statement Form For Lease Buyout?
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PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.
There are 8 ways to obtain a vehicle's mileage reading without an odometer:Odometer scan tool.Online telematics such as OnStar app.Mileage data from vehicle key memory.Dealership service department.State title and odometer report from DMV.Using a vehicle history report.Maintenance records.Advanced technical measures.
(1) When is an odometer disclosure statement required? An odometer disclosure statement is required on all transfers of ownership as required by RCW 46.12. 124 and Title 49 of the Code of Federal Regulations (C.F.R.), unless specifically exempted.
The Federal Truth in Mileage Act (1986) requires the California DMV to collect and validate the odometer reading for most motor vehicles upon initial registration and registered owner transfers. Odometer mileage readings are mandatory when the vehicle is initially registered or when transfer ownership occurs.
A typical car is driven anywhere from 10,000 to 15,000 miles a year. A ten-year old car should have roughly 100,000 to 150,000 miles on it. Any strange discrepancies in these numbers should be questioned. Not all owners drive their cars that much but you should be wary if the math doesn't add up.
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Federal and State law require that you state the mileage upon transfer of ownership. Federal law (and state law, if applicable) requires that you state the mileage upon transfer of ownership.Do not use this form if a title exists for this vehicle. Federal law (and State law), if applicable) requires that you state the mileage upon transfer of ownership. 2. The purchaser must sign the disclosure statement, including printed name and address, and return a copy to the seller. 3. (c) Only the former lessee needs to submit a completed odometer disclosure statement with an application for certificate of ownership following a lease buyout. Be completing the odometer disclosure statement as the buyer only or the seller only. Disclosure Form for Leased Vehicle Appendix E to Part 580—Power of Attorney Disclosure Form Authority: 49 U.S.C. 32705; delegation of authority at 49 CFR 1. Complete the Odometer Disclosure Statement on the back of this form. Check the box stating "the mileage stated is in excess of odometer mechanical limits (exceeds 99,999)".