What is a generic odometer disclosure 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.

How do you write an odometer?

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.)

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.

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Odometer Statement

Mississippi Odometer Statement

Name: Mississippi 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.

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How to fill out Mississippi 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.

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.

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.

A odometer discrepancy describes a situation in which the vehicle's reported mileage does not match the vehicle's actual mileage. It is a brand or status that can be placed on a vehicle's title by the state DMV and it is also a check that may show up in a third-party vehicle history report.

Total mileage limit of the car Sometimes the mileage discrepancy is caused because of the number of digits that can be displayed as the indication for the distance traveled. For instance, most of the cars have five-digit (99,999) or six-digit (999,999) odometers.

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.

Let's say, for example, you purchase a car from someone that states the speedometer stopped working when the odometer read 80,000 miles. He or she then replaced the broken speedometer with a new speedometer that had an odometer reading of 40,000 miles. This would be an odometer discrepancy.

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 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.

More info

You will need to complete an Odometer Disclosure Statement (Form 78-015), and pay the $9 vehicle title transfer fee in addition to all ... Download Odometer Disclosure Statement (78015) ? Department of Revenue (Mississippi)document is issued by Department of Revenue for use in Mississippi ...The purchaser must sign the disclosure statement, including printed name and address, and return a copy to the seller. 3. Complete this form in its entirety, in ... How To Fill Out The MS Transfer Of Title Form · Turn to the back of DMV title transfer form. · Under the ?Assignment of title by registered owner? words, print ... Complete address of the seller. ? Name of the buyer. ? Complete address of the buyer. ? Complete vehicle description, including Vehicle Identification Number ... 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. In some cases, you can simply fill in the odometer reading section on the certificate of titleMississippi: Form 78-015 - Odometer Disclosure Statement Failure to complete or providing a false statement may result in fines and/or imprisonment. I certify to the best of my knowledge that the odometer reading ... Odometer Reading ? The actual mileage of the vehicle, excluding tenths, must be recorded unless the vehicle is model year 2010 or older and at least ten ... Federal law and State law requires that you state the mileage in connection with the transfer of ownership. Failure to complete or providing false statement may ...

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Mississippi Odometer Statement

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