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.

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

South Carolina Odometer Statement

Name: South Carolina 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 South Carolina Odometer Statement?

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FAQ

The Federal odometer law, 49 U.S.C. Chapter 327 (Public Law 103-272), prohibits the disconnection, resetting, or alteration of a motor vehicle's odometer with intent to change the number of miles indicated thereon.

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.

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.

The answer is simple: although vehicle odometer readings are close to the actual mileage traveled, they are not precise. Surprisingly, there is no federal law that regulates odometer accuracy.

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.

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.

How Many Miles Should a Used Car Have? Depending on who you ask, the average miles driven per year is 10,000 to 15,000, with around 12,000 the most common yardstick (most leases allow 12,000 miles per year).

The Truth in Mileage Act (TIMA) is a federal law that requires the seller of a motor vehicle to provide an odometer disclosure to the buyer at the time of sale or transfer of ownership. The buyer must sign in acknowledgment of the mileage disclosure given.

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

Exempt ? vehicle is exempt from odometer certification (see above). Once the odometer reading on a title is recorded as exempt, the mileage cannot be recorded ... 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.a. Fraud or other criminal activity related to the odometer disclosure statement as set forth in S.C. Code §56-3-240;.92 pages ? a. Fraud or other criminal activity related to the odometer disclosure statement as set forth in S.C. Code §56-3-240;. Mileage of any used motor vehicle, with a manufacture year of 2011 or newer,Failure to complete or providing a false statement may result in.1 pageMissing: South ?Carolina mileage of any used motor vehicle, with a manufacture year of 2011 or newer,Failure to complete or providing a false statement may result in. coverage and complete a statement that the vehicle has not knowingly been involved inRequirements to obtain North Carolina Registration.353 pages ? coverage and complete a statement that the vehicle has not knowingly been involved inRequirements to obtain North Carolina Registration. In some cases, you can simply fill in the odometer reading section on theSouth Carolina: Form 400 - Application for Certificate of Title and ... Always be sure the vehicle identification number (VIN) on a title matches the vehicle identification number on the vehicle. The vehicle odometer reading must ... How to Fill Out the Odometer Disclosure Statement? · The vehicle's mileage and odometer disclosure. · The vehicle's make, model, style, year, and VIN. · The ... Complete this form in its entirety, in blue or black ink. Federal and State law requires that you state the mileage upon transfer of ownership. Failure to ... South Carolina Bill of Sale of Automobile and Odometer Statement The Forms Professionals Trust!Do you need to write a bill of sale when selling a car?

South Carolina Odometer Statement

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