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Numbers Never Lie: The Importance of an Odometer Reading Disclosure

Date posted: 04/20/2012

by Nadia Ibanez on
in Registration & Titling

138 Numbers Never Lie: The Importance of an Odometer Reading DisclosureMaybe you’ve finally paid off your loan, or maybe you’re just ready to pass your precious car along for someone else to enjoy. Whatever the situation, it’s time for a new shiny toy to drive around!

Before you transfer the vehicle title and pop into your new ride, there are a few details to remember so that the process moves seamlessly for both sides of the buyer/seller equation.

Completing an Odometer Disclosure Statement

First, find out if your state requires an odometer disclosure statement. Our Odometer Disclosure Statement page will provide access to the exact form your state requires.

Then, make sure you understand the purpose of an odometer disclosure statement. These statements:

  • Certify the exact odometer reading at the time of sale.
  • Helps prove if the mileage is increasing over time and if the mileage exceeds its mechanical limits.
  • Help prevent mileage tampering and preserve the actual retail value of the vehicle when it’s sold.

Both parties must sign the document, and in most cases the buyer must provide a copy of the disclosure statement to the state motor vehicle agency when applying for the title of your car.

NOTE: Some states don’t require odometer disclosure statements for vehicles 10 years old or older or vehicles that weigh fewer than 16,000 pounds.

Sample Odometer Disclosure Statement

Depending on your state, you can:

Feel free to use the sample below.

TO BE COMPLETED BY THE SELLER

I/We _____________________________________ state that the odometer mileage indicated for the vehicle described below is:

______________________ (check one) ___ Miles ___ Kilometers ___ Hours

and I hereby certify to the best of my knowledge that (check one statement below that is applicable)

____ (1) The odometer reading is the actual mileage.

____ (2) The odometer reading reflects the amount of mileage in excess of its mechanical limits.

____ (3) The odometer reading is not actual mileage. WARNING – ODOMETER DISCREPANCY.

  • Year:
  • Make:
  • Body Type:
  • Model:
  • Vehicle Identification Number:
  • Printed Name of Seller:
  • Address of Seller:
  • Seller’s Signature:
  • Seller’s Certification Date:

TO BE COMPLETED BY THE BUYER

  • Printed Name of Buyer:
  • Address of Buyer:
  • Buyer’s Signature:
  • Date Completed Form Received:

After both parties sign the disclosure, make sure to hold onto a photocopy of the document for future reference. Once everything has been reported to the state vehicle agency, the odometer mileage reading will be on the new Certificate of Title and on the vehicle record.

Remember, presenting the correct odometer reading when transferring ownership is not only vital to the vehicle-selling process, but also protects both parties from any future misunderstandings.

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About Nadia Ibanez

Since 2006, San Diego resident Nadia Ibanez has inspired others with her words. She has created content and edited copy for luxury print magazines and digital business magazines. She has written about multi-million dollar homes, local artisans, music festivals, travel destinations, health and wellness, and so much more. She has interviewed CEOs of major enterprises and has covered breaking news stories in American technology, social media, retail, hospitality, food, among others. More articles by Nadia Ibanez

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