Wake North Carolina Odometer Statement

• Category: Bills of Sale - Automobiles
• State: Multi-State
• County: Wake
• Control #: US-ODM-1
• Format: Word; Rich Text

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. The Wake North Carolina Odometer Statement is an essential document used during vehicle transactions to accurately represent the recorded mileage of a motor vehicle. This statement ensures that the buyer is aware of the vehicle's mileage reading and guards against fraudulent practices. The Wake North Carolina Odometer Statement serves as an official statement that certifies the accuracy of the odometer reading at the time of the vehicle sale or transfer. It is mandatory for both the seller and the buyer to complete this statement and sign it. Keywords: Wake North Carolina, Odometer Statement, vehicle transactions, recorded mileage, motor vehicle, buyer, fraudulent practices, official statement, accuracy, sale, transfer. Types of Wake North Carolina Odometer Statements: 1. Standard Odometer Statement: This is the most common type of odometer statement used in Wake North Carolina. It requires the seller to provide the current mileage of the vehicle accurately, including whole numbers and tenths of miles. 2. Exempt Vehicle Odometer Statement: This type of statement is applicable when the motor vehicle meets specific requirements exempting it from providing a true mileage statement. It is crucial to differentiate between exempt and non-exempt vehicles, as exempt vehicles include those that are over ten years old, vehicles with a registered gross weight exceeding 16,000 pounds, and vehicles not designed for highway use. 3. Leased Vehicle Odometer Statement: In the case of leased vehicles, a separate statement is often required. This statement usually provides information about the lease term, mileage limits, and any excess mileage charges that may apply. 4. Salvage or Rebuilt Vehicle Odometer Statement: When dealing with salvage or rebuilt vehicles, specific statements might be necessary to disclose information about the vehicle's prior damage, repairs, and any discrepancies in mileage due to previous accidents or repairs. 5. Manufacturer's Odometer Statement: Sometimes, a manufacturer's odometer statement is required for certain types of vehicles, especially new vehicles sold by authorized dealerships. This statement verifies the vehicle's mileage from its manufacturing point to the point of sale. Keywords: Wake North Carolina, Odometer Statement, standard, exempt vehicle, leased vehicle, salvage vehicle, rebuilt vehicle, manufacturer's statement, mileage limits, excess mileage charges, prior damage, authorized dealership.

The Wake North Carolina Odometer Statement is an essential document used during vehicle transactions to accurately represent the recorded mileage of a motor vehicle. This statement ensures that the buyer is aware of the vehicle's mileage reading and guards against fraudulent practices. The Wake North Carolina Odometer Statement serves as an official statement that certifies the accuracy of the odometer reading at the time of the vehicle sale or transfer. It is mandatory for both the seller and the buyer to complete this statement and sign it. Keywords: Wake North Carolina, Odometer Statement, vehicle transactions, recorded mileage, motor vehicle, buyer, fraudulent practices, official statement, accuracy, sale, transfer. Types of Wake North Carolina Odometer Statements: 1. Standard Odometer Statement: This is the most common type of odometer statement used in Wake North Carolina. It requires the seller to provide the current mileage of the vehicle accurately, including whole numbers and tenths of miles. 2. Exempt Vehicle Odometer Statement: This type of statement is applicable when the motor vehicle meets specific requirements exempting it from providing a true mileage statement. It is crucial to differentiate between exempt and non-exempt vehicles, as exempt vehicles include those that are over ten years old, vehicles with a registered gross weight exceeding 16,000 pounds, and vehicles not designed for highway use. 3. Leased Vehicle Odometer Statement: In the case of leased vehicles, a separate statement is often required. This statement usually provides information about the lease term, mileage limits, and any excess mileage charges that may apply. 4. Salvage or Rebuilt Vehicle Odometer Statement: When dealing with salvage or rebuilt vehicles, specific statements might be necessary to disclose information about the vehicle's prior damage, repairs, and any discrepancies in mileage due to previous accidents or repairs. 5. Manufacturer's Odometer Statement: Sometimes, a manufacturer's odometer statement is required for certain types of vehicles, especially new vehicles sold by authorized dealerships. This statement verifies the vehicle's mileage from its manufacturing point to the point of sale. Keywords: Wake North Carolina, Odometer Statement, standard, exempt vehicle, leased vehicle, salvage vehicle, rebuilt vehicle, manufacturer's statement, mileage limits, excess mileage charges, prior damage, authorized dealership.