The Odometer Statement in Indiana is a legal document required during the sale or transfer of a motor vehicle. It serves as a disclosure of the vehicle's mileage and ensures that the odometer reading is accurate and has not been tampered with. This statement helps protect buyers from unknowingly purchasing a vehicle with a misrepresented or rolled-back mileage. There are two types of Odometer Statements used in Indiana: 1. Odometer Disclosure Statement: This statement is used for vehicles that are less than ten years old. It must be completed by the seller and signed by both the buyer and the seller. The statement includes information such as the vehicle identification number (VIN), the odometer reading at the time of sale, the date of sale, and the signatures of both parties involved. 2. Exempt Odometer Statement: This statement is used for vehicles that are ten years old or older, or vehicles with a Gross Vehicle Weight Rating (OVER) of more than 16,000 pounds. Since federal law exempts these vehicles from odometer disclosure requirements, this statement indicates that the seller is not legally required to provide an odometer disclosure. It is crucial for both buyers and sellers to accurately complete the Odometer Statement as any intentional misrepresentation of mileage or failure to disclose accurate information can lead to legal consequences. Additionally, the Indiana Bureau of Motor Vehicles (BMV) recommends keeping a copy of the Odometer Statement for future reference and record-keeping purposes. To summarize, the Odometer Statement in Indiana is a vital document used during vehicle sales or transfers to disclose the accurate mileage and protect buyers from odometer fraud. The two types of statements used are the Odometer Disclosure Statement for vehicles under ten years old and the Exempt Odometer Statement for older vehicles or those exceeding 16,000 pounds OVER.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Declaración del cuentakilómetros - Odometer Statement
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How to fill out Declaración Del Cuentakilómetros?
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