What is an Odometer Disclosure Statement?

Posted February 1, 2022 by allenstewartpc

The Odometer disclosure statement is a mandatory legal document that gives the new owner an accurate reading of the mileage on the car's odometer. If the new buyer finds the mileage is incorrect, they should indicate it on the statement.
A car borough nowadays would easily last for 20 years, but nowadays people are selling the car within 7-8 years. When customers are buying used cars, there are certain documents they should check. An odometer disclosure statement is one of those important documents.

As a buyer, you must also know how does an odometer works? Odometers run by calculating the wheel rotations and learning how many wheel rotations were performed, and the distance is calculated. In older cars, mechanical odometers are used, and digital odometers are used in newer cars.

An odometer is an instrument that should be tampered with under federal law. If you find anyone tampering with the odometer reading to reset the mileage, you must immediately report it to the authorities.

Many used cars are unaware of what is an odometer disclosure statement? It is a simple declaration from the used car owner about the vehicle's mileage indicated on the odometer. It is issued so that the buyer can see whether the reading mentioned is correct or not. If a customer sells their car, they must also complete the odometer disclosure statement.

It is important to have the odometer disclosure statement because buying a car isn't a cheap affair, and if the odometer reading shows 100,000 miles less, it affects the car's price. This means the customer will buy a car that has endured more wear and tear than you'd expect.

This would result in the buyer spending thousands of dollars extra on a vehicle that isn't even worth the cost. If the previous owner has reset the odometer readings to zero, mentioning it in the odometer disclosure statement helps the owner sell the car transparently.

For more information, log into https://www.allenstewart.com/odometer-disclosures-and-how-they-work/

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Allen Stewart is a professional company with the best legal team with experienced and trained staff to help consumers through all their legal matters. These include helping them with auto fraud cases, personal injury cases, and matters associated with benzene exposure and sinonasal cancer. They have offices in New York, Texas, California, Pennsylvania, Missouri, North Carolina, Arizona, and Ohio. Their lawyers will work tirelessly to give the best legal care to your team.


Phone: - 866-440-2460
Address: - 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201
Website: - https://www.allenstewart.com/odometer-disclosures-and-how-they-work/
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Issued By Allen Stewart, P.C. Law Firm
Phone 866-440-2460
Business Address 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201
Country United States
Categories Business , Law , Legal
Tags odometer disclosure statement texas
Last Updated February 1, 2022