Everything you Need to Know About the Odometer Disclosure Statement in Washington

Odometer fraud has been on the rise for the last couple of decades, and there are very few people who are aware of it and take it seriously. Odometer tampering is when sellers sell vehicles that have run fewer miles at higher prices, whereas the same car has been driven for a long time and the odometer has been tampered with, which shows fewer miles.

Many people are still wondering what an odometer is and what is its tampering? The odometer is an important instrument in your vehicle, and in analog systems, it is a six-digit long instrument that counts how many miles your vehicle has covered.

This was a brief about odometer and its tampering. Today we will discuss something related to odometer tampering; odometer disclosure statement washington.

What is an odometer disclosure statement?

You need not stress yourself over the odometer disclosure statement in Washington, as it is simply a statement that declares the vehicle’s mileage indicated by the odometer and decides whether it is accurate or not.

Is it mandatory to give an odometer disclosure statement?

The federal law demands an odometer disclosure with some exceptions of some vehicles. If this is violated, it will result in fines and sometimes even imprisonment.

For example, if your vehicle is ten years and older, you need not show the mileage disclosed in some states. Commercial vehicles with certain weight limits are also exempted.

If a manufacturer sells the vehicle to an agency or if someone transfers the vehicle before its first retail sale, then they need not give the odometer disclosure.

What is the importance of an odometer disclosure statement?

Buying cars is a long term investment, and you take into account several factors before deciding which car to buy. Therefore, some fraudsters misuse this and lower the odometer reading.

If a car reads 100,000 miles less than it has covered, it will be sold at a higher value. The buyer would lose thousands of dollars because of this shady transaction.

But not anymore, as it is made mandatory by states to submit an odometer disclosure statement when selling their car. When the car owners give the odometer disclosure statement, it shows they have nothing to hide, and the transaction is transparent.

How to get an odometer disclosure statement?

You can buy the odometer disclosure statement from the DMV of your state. Some states have their separate odometer disclosure statement form, while some direct you to fill the federal form.

When submitting the details, you need to give your personal information, the year, make and model of the car, VIN and the mileage, and the date of certification.

Final thoughts

If you have doubts regarding the odometer disclosure statement, you can contact us.

Andrew Richardson is the author of this Article. To know more about Odometer Mileage please visit our website: allenstewart.com

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Created on Nov 26th 2021 04:50. Viewed 92 times.

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