Why is an Odometer Disclosure Statement Important?

by Andrew Richardson allenstewart

Car buyers probably hear about odometer fraud, but crafty dealers can deceive them. Shady dealers sell a high mileage vehicle as a less used vehicle. The odometer counts miles as your car moves.

Older cars have an analog system, while newer odometers read digitally, but both can be manipulated. An odometer disclosure statement in TX shows the vehicle's accurate mileage as indicated by its odometer. Let's see how it helps you.

1 - Helps you keep track of requirements

The odometer keeps track of how many miles the car has covered in its usage. Auto parts wear out with use. Your mechanic will recommend something like changing your oil every 3,000 miles, changing your brake pads every 60,000, etc. The extra miles a car has, the more likely something needs to be changed. And you know with odometer disclosure report.

2 - You know what you are buying

An odometer that shows 100,000 miles less than the actual mileage means you're buying a car with more wear and tear. Expensive repairs can burn a hole in your pocket. But an odometer may differ from actual mileage for valid reasons. For example, in a digital device, replacement under warranty may reset the odometer to 0 miles. By disclosing the change, a car owner can sell his vehicle honestly.

3 – Get an account of ownership history

When you are buying a pre-owned car, you need to buy it right. An odometer disclosure statement guides you. The law requires the seller of a motor vehicle to provide odometer information to the purchaser on sale or transfer of ownership. At least one owner shown on the title must disclose the actual title. Vehicles with not -readable odometer readings are subject to federal odometer requirements.

Under federal law, the Motor Vehicle Division can refuse a transfer of ownership if the odometer disclosure is not furnished.

3 - You get to know the details

If you are buying a car that is less than ten years old, you will need to obtain an odometer disclosure statement when purchasing the vehicle. You also need to make sure the mileage mentioned is correct on the form. A fraudster can lie on the statement also. Later on, if you notice some discrepancies, consult an attorney who can guide you on the right course of action.

For the final word

An Odometer Disclosure Statement is a binding document under the law that provides accurate mileage on the odometer when the car changes hands from a seller to a buyer. Contact Allen Stewart PC in case of any question on the Odometer Disclosure Statement in Texas.

Andrew Richardson is the author of this Article. To know more about Lemon Law Used Cars in California please visit our website: allenstewart.com