An odometer disclosure statement records the vehicle's mileage at the time of transfer and states whether it is accurate. In the United States federal law requires one when ownership changes, with some exemptions. In Canada the reading is recorded on the bill of sale and related forms. Get the reading and its unit right, and never alter it.
What it records
- The reading at the time of sale and its unit, miles or kilometres.
- A statement that it reflects actual mileage, or a note that it does not, is not actual, or exceeds the mechanical limit.
- Signatures of both parties.
Typical mistakes
- Recording miles for a car whose gauge is in kilometres.
- Leaving the reading blank on the bill of sale.
- Using a different figure on the deal and the disclosure.
In Dealer Garage
Vehicle records store mileage with its unit and the odometer disclosure statement is part of the at-sale form set. See the forms.
Habits that avoid trouble
- Photograph the odometer when you take the car in and when you sell it.
- Enter the same figure on every form.
- Never adjust a reading; record discrepancies and explain them in writing.
Questions people ask
Are old vehicles exempt?
Some exemptions exist based on age; check the current rules.
This is general information, not legal advice. Rules differ by state, province and territory and change over time; confirm what applies to you with your regulator or a qualified adviser.
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