Home
/Swyft Forms
/Swyft Forms Documents

Odometer Disclosure Statement

An Odometer Disclosure Statement provides evidence of a vehicle’s accurate mileage. Alternatively, it may disclose that the seller does not know the mileage.
Create Document
Legal Form Document Preview
HOW IT WORKS
Build your selected document.
Answer a few simple questions with step-by-step instructions.
Print & download forms instantly. Sign & make it legal.

Frequently Asked Questions

The vehicle bill of sale is an official receipt documenting the seller and buyer of a vehicle with all of the terms laid out. It is usually the seller who prepares the vehicle bill of sale. The buyer uses this document to prove that the amount paid to the seller, to be used for state sales tax assessment, as applicable. 

A standard Odometer Disclosure Statement has three options. The first is used when you are certain that the mileage of the vehicle is accurate. The second option is to check a box that says the odometer "exceeded mechanical limits," which basically means that it has rolled over after exceeding the maximum display. The third option of "not actual mileage" means that you are not sure whether the odometer is wholly accurate. 

If the odometer is broken, there are still ways you can get an odometer reading. Sometimes insurance companies ask for odometer readings after an accident. What you can do is use a vehicle history report or obtain accurate mileage from maintenance records. Other options include using an online telematics system. Some newer vehicles allow drivers to retrieve the mileage from the memory in the car key.  

Odometer fraud is the illegal activity of rolling back the numbers on an analog or digital odometer to lower the mileage. This will fetch a higher sales price, albeit fraudulently, as tampering with the odometer is a federal felony that comes with mandatory prison terms.

The law does not require vehicles older than ten years to come with an Odometer Disclosure Statement when sold. You can sell, register, and drive a vehicle over 10 years of age without this document. This means that buyers would have to be more cautious when purchasing an older vehicle and may want to have it inspected before finalizing the sale.