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Federal law (and State law if applicable) 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.
In short, this document summarizes any damages that your car has had and expresses them in terms of monetary value. Usually, in this statement, you will find: The date of the inspection. Description of the vehicle: Vehicle identification number, make, model, and year of manufacture.
Vehicle/Vessel Transfer and Reassignment Form (REG 262) These are important sections to complete, as they legally establish the vehicle's mileage and ownership trail. Odometer disclosure is mandatory on vehicles less than 10 model years old.
How to Sign Your Title in North Carolina (NC) Wait to sign until you are before a Notary. Back of the title top right - sign name(s) on the line where it reads "Seller(s) Signature(s)." Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Seller(s) Hand Printed Name(s)."
The odometer gauge accurately shows how many miles are on a car but has other uses too such as calculating fuel mileage and distances traveled in a certain time frame. To calculate accurate fuel mileage simply record the mileage reading when you fill up with fuel and then again when you next fill up.

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What documents do you need to sell your car in California? Fill out the official Department of Motor Vehicles (DMV) transfer forms. Get a smog certification. Submit transfer forms. Complete the California certificate of title. Odometer reading. Any valid warranties or as-is documents. Maintenance records.
I, (seller's printed name) _____________________________________________________________ state that the odometer now reads (miles, no tenths) ______________ miles and to the best of my knowledge that it reflects the actual mileage of the vehicle described above, unless one of the following statements is checked.
If you suspect the mileage on a car is not genuine, you can: Check the MOT certificates and service documents for consistency of mileage readings. Contact previous owners named on the log book and ask what the mileage was when they sold the car. Get mileage information via a history check from a reputable dealer.
I, (seller's printed name) _____________________________________________________________ state that the odometer now reads (miles, no tenths) ______________ miles and to the best of my knowledge that it reflects the actual mileage of the vehicle described above, unless one of the following statements is checked.
The Vehicle/Vessel Transfer and Reassignment (REG 262) form serves as a bill of sale, power of attorney, and odometer disclosure. Because odometer disclosure is not required for vessels, the REG 262 or Bill of Sale (REG 135) form may be used when a bill of sale is needed.

what is an odometer disclosure statement