Utah Odometer Statement
Description
How to fill out Utah Odometer Statement?
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FAQ
Committing odometer fraud is a crime. The federal government passed a law that requires a written disclosure of the mileage registered on an odometer be provided on the title by the seller to the purchaser when the ownership of a vehicle is transferred.
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.
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. If you've ever sold a car you've actually completed a generic odometer disclosure statement.
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.
When a car is sold in this scenario, the mileage is marked on the title as exempt. This is simply stating that the car has been around too long to reliably verify its mileage.
It's because they need to calculate whether you are at high risk of accident or not. Simple logic operates here the more you drive, the higher the chance of accidents. That's why they care so much about your annual mileage.
How to Check Car Mileage: Are You a Victim of Odometer Rollback?Do the VIN Check of a Car.Check the Documents.Computer Diagnostics.Visit a Mechanic.Check the Car Yourself. Odometer. Pedals. Steering Wheel. Seats. Tires. Inspection Stickers and Oil Change/Maintenance Receipts.
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.
Determine the exempt vehicle year model by subtracting 10 years from the current calendar year. For example, in calendar year 2014, 2004 and older year models are exempt. Reporting ExceptionsOdometer mileage disclosure is not required for: Vehicles 10 model years old and older (see Mandatory Reporting above).
When a car is sold in this scenario, the mileage is marked on the title as exempt. This is simply stating that the car has been around too long to reliably verify its mileage.
