Wayne Michigan Odometer Statement

• Category: Bills of Sale - Automobiles
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Odometer Statement is a legal document used in the state of Michigan to disclose the mileage of a motor vehicle during its sale or transfer. This statement acts as proof of the vehicle's true mileage and is required by law to prevent odometer fraud. The Wayne Michigan Odometer Statement provides vital information about the vehicle's odometer readings, including the starting mileage, ending mileage, and the date of disclosure. It also documents any known discrepancies or alterations in the odometer, ensuring transparency and protecting both the buyer and seller from fraudulent practices. Different types of Wayne Michigan Odometer Statements may include: 1. Standard Odometer Statement: This is the most common form of Wayne Michigan Odometer Statement and is used for general vehicle sales or transfers. It is applicable to both new and used vehicles, providing an accurate representation of the vehicle's mileage history. 2. As-Is Odometer Statement: This type of statement is used when the vehicle is sold in its current condition, without any warranties or guarantees. The As-Is Odometer Statement clearly states that the buyer accepts the vehicle with all its known or unknown mileage discrepancies, relieving the seller of any responsibility for future odometer-related issues. 3. Salvage Odometer Statement: In the case of a salvaged or rebuilt vehicle, a Salvage Odometer Statement is required. This statement must disclose the mileage at the time of salvage and the mileage after the vehicle has been rebuilt or repaired. It provides essential information to potential buyers about the vehicle's history and helps them make informed purchasing decisions. 4. Exempt Odometer Statement: When a vehicle falls under certain exemptions, such as being over 10 years old or exceeding a certain weight limit, an Exempt Odometer Statement is used. This statement declares that the vehicle's mileage is not legally required to be recorded, as it is exempt from normal odometer disclosure regulations. In conclusion, the Wayne Michigan Odometer Statement is a critical document that ensures honest disclosure of a vehicle's mileage during its sale or transfer. It safeguards buyers and sellers from fraudulent practices and provides clear documentation of the vehicle's mileage history. Different types of statements, such as the Standard, As-Is, Salvage, and Exempt Odometer Statements, may be used depending on the specific circumstances of the vehicle's sale or transfer.

The Wayne Michigan Odometer Statement is a legal document used in the state of Michigan to disclose the mileage of a motor vehicle during its sale or transfer. This statement acts as proof of the vehicle's true mileage and is required by law to prevent odometer fraud. The Wayne Michigan Odometer Statement provides vital information about the vehicle's odometer readings, including the starting mileage, ending mileage, and the date of disclosure. It also documents any known discrepancies or alterations in the odometer, ensuring transparency and protecting both the buyer and seller from fraudulent practices. Different types of Wayne Michigan Odometer Statements may include: 1. Standard Odometer Statement: This is the most common form of Wayne Michigan Odometer Statement and is used for general vehicle sales or transfers. It is applicable to both new and used vehicles, providing an accurate representation of the vehicle's mileage history. 2. As-Is Odometer Statement: This type of statement is used when the vehicle is sold in its current condition, without any warranties or guarantees. The As-Is Odometer Statement clearly states that the buyer accepts the vehicle with all its known or unknown mileage discrepancies, relieving the seller of any responsibility for future odometer-related issues. 3. Salvage Odometer Statement: In the case of a salvaged or rebuilt vehicle, a Salvage Odometer Statement is required. This statement must disclose the mileage at the time of salvage and the mileage after the vehicle has been rebuilt or repaired. It provides essential information to potential buyers about the vehicle's history and helps them make informed purchasing decisions. 4. Exempt Odometer Statement: When a vehicle falls under certain exemptions, such as being over 10 years old or exceeding a certain weight limit, an Exempt Odometer Statement is used. This statement declares that the vehicle's mileage is not legally required to be recorded, as it is exempt from normal odometer disclosure regulations. In conclusion, the Wayne Michigan Odometer Statement is a critical document that ensures honest disclosure of a vehicle's mileage during its sale or transfer. It safeguards buyers and sellers from fraudulent practices and provides clear documentation of the vehicle's mileage history. Different types of statements, such as the Standard, As-Is, Salvage, and Exempt Odometer Statements, may be used depending on the specific circumstances of the vehicle's sale or transfer.