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ODOMETER DISCLOSURE STATEMENT ODOMETER DISCLOSURE STATEMENT State Form 43230 (R / 297) State Form 43230 (R / 297) STATE OF INDIANA BUREAU OF MOTOR VEHICLES STATE OF INDIANA BUREAU OF MOTOR VEHICLES

How to fill out odometer disclosure statement

How to fill out an odometer disclosure statement:

1. Obtain the odometer disclosure statement form: The first step is to obtain the appropriate form, which can usually be found at your local Department of Motor Vehicles (DMV) or downloaded from their website. Make sure you have the most up-to-date version of the form.
2. Provide the necessary information: Fill in the required information on the form, such as the vehicle identification number (VIN), year, make, and model of the vehicle. You may also need to include your personal information, such as your name, address, and contact information.
3. Record the odometer reading: The most important part of the disclosure statement is the odometer reading. Ensure that you accurately record the current mileage of the vehicle at the time of the transaction. Be sure to include the total number of miles on the odometer, without any decimal places or fractions.
4. Determine the type of disclosure: There are usually three types of odometer disclosures: seller disclosure, buyer disclosure, and exempt disclosure. If you are the seller, you will need to indicate whether the mileage is accurate, not actual, or exceeds the mechanical limits. If you are the buyer, you will need to acknowledge the reading and also check if the mileage exceeds the mechanical limits.
5. Sign and date the form: Once you have provided all the necessary information and made the appropriate disclosures, both the buyer and seller will need to sign and date the form to certify its accuracy. Make sure to use your full legal name and write clearly to avoid any confusion.

Who needs an odometer disclosure statement:

1. Private sellers: When selling a used vehicle privately, most states require the seller to provide an odometer disclosure statement to the buyer. This helps protect the buyer from purchasing a vehicle with incorrect or tampered mileage.
2. Dealerships: Car dealerships are also required to provide an odometer disclosure statement when selling used vehicles. This ensures transparency and protects buyers from potential fraud.
3. Buyers: Although not responsible for filling out the form, buyers need to review and confirm the accuracy of the odometer disclosure statement provided by the seller. This document plays a vital role in determining the actual mileage and the value of the vehicle.

Remember to consult your local regulations and guidelines, as requirements may vary by state. It is important to comply with these regulations to ensure a legal and transparent transaction when buying or selling a used vehicle.

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What is odometer disclosure statement?

The odometer disclosure statement is a legal document used to declare the accurate mileage of a vehicle at the time of sale or transfer.

Who is required to file odometer disclosure statement?

The seller or transferor of a vehicle is required to file an odometer disclosure statement.

How to fill out odometer disclosure statement?

To fill out an odometer disclosure statement, the seller must provide the current mileage of the vehicle, date of sale or transfer, and their signature.

What is the purpose of odometer disclosure statement?

The purpose of an odometer disclosure statement is to prevent odometer fraud and provide accurate information about the mileage of a vehicle.

What information must be reported on odometer disclosure statement?

The odometer disclosure statement must include the current mileage of the vehicle, date of sale or transfer, and seller's signature.