Virginia Odometer Statement For Lease Buyout
Description
How to fill out Virginia Bill Of Sale Of Automobile And Odometer Statement?
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FAQ
The mileage on a title may be corrected by obtaining an amended odometer statement from the seller who incorrectly reported the mileage in the first place. A corrected title application can then be processed at any Secretary of State branch office.
Make sure you compare the mileage on the title and the History Report with the mileage on the odometer. If you spot any discrepancy, especially if the title's mileage is higher than the others, ask the seller to explain it. Ask for some physical maintenance records or inspection records collected by the seller.
An odometer disclosure statement declares the mileage on your vehicle. They are required when buying a new car or selling a used one. You'll typically need to fill out an odometer disclosure statement to declare mileage on any vehicle that's less than 10 years old.
An Odometer Disclosure Statement is a legally binding document that provides an accurate mileage on the odometer at the time the car changes hands from the seller to the purchaser. And if the mileage is known to be incorrect, it must be indicated on the statement.
A odometer discrepancy describes a situation in which the vehicle's reported mileage does not match the vehicle's actual mileage.
