Everything About Odometer Disclosure Statement

An odometer disclosure statement is a declaration of a vehicle’s actual mileage as shown by its odometer. It also declares if the odometer reading is accurate or not, and sellers need to complete a generic odometer statement while selling a car.

This odometer reading is needed as per the law while selling cars to consumers. In this blog, you will learn about the odometer disclosure statement and why it is needed as per the law while selling a new or old car.

Why is the Odometer Disclosure Statement Needed?

As per the laws in many countries, the odometer disclosure statement, Colorado is needed with the exception of some vehicles. If this rule is violated, it can result in fines or even imprisonment. But there are some states in America where all vehicles are subjected to this law. For instance, in California, vehicles that are ten years old do not need to have their mileage disclosed.

This law does not cover some commercial vehicles with weight limits, but some circumstances can ask consumers to fill out odometer reading forms. The odometer disclosure statement, Colorado is needed more now than ever due to ever-increasing odometer frauds in the current car market.

Final Words

When purchasing a car from a dealer, you need to ensure that the seller offers you an odometer disclosure statement to declare the vehicle’s actual mileage. But if you feel you are a fraud victim, you can contact lawyers for help.

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Your Guide to Odometer Disclosure Statement

Odometer Disclosure Statement in Colorado is provided as a legally binding document that offers the actual mileage information on the odometer at the time of purchasing the vehicle to the buyer. 

In case the mileage is incorrect, the same is indicated on the statement provided. 

The importance of Odometer Disclosure Statement in Colorado

As per federal law, it is illegal to tamper with the odometer. One cannot disconnect, resent, or alter their odometer. But, that doesn’t keep the fraudsters from going rogue. In fact, such individuals know how to easily roll back the mileage on the vehicle to attract more buyers for higher vehicle value.

This is one of the reasons why the odometer statement is mandatory for dealing with every vehicle that is under years of age.

Tips to get an Odometer Disclosure Statement in Colorado –

While there are many states in the US that direct the sellers to use the federal forms, many states have created a specific document for the completion of the process. 

A fully complete form comprises personal details of the buyer and seller, along with the certification date, make-year and model of the vehicle, VIN, and the actual mileage as of the certification date. 

How to be sure if the mileage is accurate?

If you feel that the mileage on the statement isn’t accurate, consider purchasing a vehicle history report from platforms like Bumper or Carfax. You can easily identify the gaps in the mileage. 

To be concluded

Well, now that you know the details, we are sure you must be ready to obtain the odometer disclosure statement in Colorado on your own. In case you need extra help, consider working with professional attorneys at Allen Stewart.

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