What is a mileage statement?

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.

How can I check my actual mileage?

How to check if the mileage is genuine?First, compare the wear and tear of the vehicle with the mileage shown on the odometer.Next, check the vehicle's pedal rubbers, its steering wheel and gear knob, and compare these with the rest of the vehicle.More items...

US Legal Forms
Odometer Statement

Colorado Odometer Statement

Name: Colorado Odometer Statement
Brand: US Legal Forms
Rating: 4.73 (378 reviews)

Category:

Bills of Sale - Automobiles

State:

Multi-State

Control #:

US-ODM-1

Format:

Instant download

Description

This form is a notarized statement prepared by the seller that contains the actual mileage of a vehicle. Federal Law requires the seller of a vehicle to provide mileage upon transfer of ownership.

How to fill out Colorado Odometer Statement?

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FAQ

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.

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.

Mileage reimbursement includes compensating employees for using their personal vehicles (e.g., cars or trucks) to run business errands. You might use mileage reimbursement to pay employees for doing things like: Driving to the bank for a business transaction.

The law requires car dealerships (new and used) to disclose the actual mileage of a vehicle and inform the buyer if an odometer has been tampered with or destroyed, but there's a legal "loophole".

However, starting January 1, 2021, vehicles with a model year of 2011 or newer will require odometer disclosure, and in these cases a bill of sale is not sufficient. In these cases, the transfer of ownership must be completed on the certificate of title or a secure dealer reassignment form.

Federal law (and State law if applicable) requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.

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.

Florida Odometer Disclosure Statement InstructionsDescribe the vehicle - state its identification number, year, make, color, body type, and the number of the existing title.Select the type of the odometer (5- or 6-digit), write down the current mileage of the vehicle, and indicate the date of the reading.More items...

The Statement of Facts - What Is it? A Statement of Facts form is basically a legal document that put forwards the factual information related to a vehicle without any sort of argument. It is one of the most important documents used in the process of filing the vehicle registration paperwork.

How to check if the mileage is genuine?First, compare the wear and tear of the vehicle with the mileage shown on the odometer.Next, check the vehicle's pedal rubbers, its steering wheel and gear knob, and compare these with the rest of the vehicle.More items...

More info

I,. , state that the odometer now reads. miles and to the best of my knowledge that it reflects the actual mileage of the vehicle described below, unless one of ... Odometer Disclosure StatementColorado: Complete on title or bill of sale.Hawaii: Each county handles title transfers individually. Idaho: Enter the ...Federal law requires that any person transferring ownership of a motor vehicle provide the transferee a written disclosure of the cumulative mileage ... Party sale with a Colorado Titleo The odometer is filled in and the odometer indicator is checked.Odometer Reading & Indicator.8 pages Party sale with a Colorado Titleo The odometer is filled in and the odometer indicator is checked.Odometer Reading & Indicator. If the vehicle is under 10 years old, an odometer reading (without decimals) is to be entered into the Odometer Reading area. An odometer indicator checkbox ... Why is an odometer disclosure required? The Truth in Mileage Act (TIMA) is a federal law that requires the seller of a motor vehicle to.2 pages Why is an odometer disclosure required? The Truth in Mileage Act (TIMA) is a federal law that requires the seller of a motor vehicle to. The seller should complete odometer disclosure reading and indicator information on the Certificate of Title or it may be disclosed on the DR2173 Motor Vehicle ... ... of Colorado title), Form DR2445 needs to be filled out. A Bill of Sale. If the vehicle is newer than 10 years old, an odometer statement is required. Federal law (and state law, if applicable) requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement ...1 page Federal law (and state law, if applicable) requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement ...

Colorado Odometer Statement

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