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The location of the odometer is usually on the dashboard meter panel of the car, so drivers can check it very easily. The odometer is usually placed near the information circle related to the tachometer and speedometer.
An odometer disclosure statement is a federally required form used to verify a leased vehicles mileage at the end of the term. This is typically needed when you return, purchase, or trade a leased vehicle.
Federal law requires you to share the odometer mileage in conjunction with the transfer of ownership. Failure to complete or provide a false statement may result in fines and/or imprisonment.
Federal and state law requires that you state the mileage upon transfer of ownership; failure to complete or providing a false statement may result in fines and/or imprisonment.
Illinois law prohibits odometer tampering and requires anyone who sells a motor vehicle to disclose the accuracy of its odometer reading. All sellers of a motor vehicle are subject to the law private citizens, as well as car dealers.
The transferee, when applying for a title, is required to provide the transferors (sellers) title, and if that title contains a space for the ( print page 52667) transferor to disclose the vehicles mileage, that information must be included, and the statement must be signed and dated by the transferor.
An odometer disclosure statement is a federally required form used to verify a leased vehicles mileage at the end of the term. This is typically needed when you return, purchase, or trade a leased vehicle. What is a lease odometer statement and where can I get one? - U.S. Bank usbank.com knowledge-base usbank.com knowledge-base
Reporting ExceptionsOdometer mileage disclosure is not required for: Vehicles 10 model years old and older (see Mandatory Reporting above). Commercial vehicles with an unladen weight of 8,501 pounds or more or a GVW of 16,001 pounds or more.