Odometer Statement
Overview of this form
The Odometer Statement is a notarized document that confirms the actual mileage of a vehicle during the transfer of ownership. Federal law mandates that sellers provide an accurate odometer reading to avoid penalties. This form helps protect both the seller and the buyer from potential legal issues and ensures transparency in the vehicle transaction process, distinguishing it from other general vehicle transfer documents.
Form components explained
- Transferor (Seller) information section.
- Odometer reading section, where the current mileage is stated.
- Certification clauses for mileage accuracy and conditions of the odometer.
- Vehicle description, including make, model, and body type.
- Notary public section for official acknowledgment.
When this form is needed
This form should be used whenever a vehicle is sold or transferred to a new owner. It is essential for ensuring legal compliance with federal and, if applicable, state laws regarding vehicle ownership transfers, providing a clear record of the vehicle's mileage at the time of sale.
Who can use this document
- Individuals selling a vehicle.
- Buyers who want assurance of the vehicle's mileage.
- Auto dealers handling transfers between parties.
- Those ensuring compliance with federal and state laws regarding odometer disclosure.
Completing this form step by step
- Identify the transferor (seller) of the vehicle by providing their full name.
- Enter the current odometer reading in miles.
- Check any applicable conditions regarding the odometer reading accuracy.
- Fill out the vehicle details, including make, model, and body type.
- Submit the form to a notary public for notarization and ensure the original form is kept for title applications.
Notarization requirements for this form
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to accurately state the odometer reading.
- Not checking the correct conditions of the odometer.
- Neglecting to have the document notarized when required.
- Providing incomplete vehicle information.
Benefits of using this form online
- Convenient access to downloadable legal forms.
- Edit and customize the form easily for your needs.
- Reliable templates drafted by licensed attorneys to ensure legal compliance.
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FAQ
If your vehicle is equipped with an odometer capable of reading 999,999 miles, you need only write in the odometer disclosure "the actual mileage shown" on the odometer. (NOTE: Do not write in tenths of miles.) (Example: If your odometer reads 118, 666.6 miles, you would disclose 118,666 miles on the title.)
A vehiclea20ac2122s odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled. A vehicle with high mileage is worth less than a vehicle with low mileage.
If your vehicle is equipped with an odometer capable of reading 999,999 miles, you need only write in the odometer disclosure "the actual mileage shown" on the odometer. (NOTE: Do not write in tenths of miles.) (Example: If your odometer reads 118, 666.6 miles, you would disclose 118,666 miles on the title.)
An odometer disclosure statement is simply a declaration of a vehicle's mileage as indicated by its odometer, and if whether or not it's an accurate reading.On a California vehicle title, the box underneath the two stacked signatures is provided specifically for the odometer disclosure statement.
A sticker inside the vehicle often reads when the car had its last oil change and what its mileage number was at the time. The interior of the car is evenly important. Examine the usage and wear of the wheel, gear lever and pedals and compare this to the mileage number on the odometer.
Whatever number it shows is the distance your bike has covered. If the right number is in a white dial, it means that it shows the meters in 100s covered. So, if it shows 22595 with 5 being in the white dial, that means the distance covered is 2259 km and 500 m.
Odometer codes are shown to reflect the known reliability of the odometer reading. Actual means that the odometer reading is believed to be the true and actual mileage of the lot.Exempt means that by Federal Law, no odometer code is required to be displayed for this lot.
