Can you sell a car with a mileage discrepancy?
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Can you sell a car with a mileage discrepancy?
Federal and State laws require all dealers to disclose any type of odometer discrepancy to all future buyers before the sale. When you are selling a vehicle with an incorrect odometer reading you are usually required to complete an odometer disclosure statement.
Can dealers rollback miles?
It is illegal for a car dealership to roll back the miles on the car for any reason. There are certain odometer statutes in effect that protect the buyers of vehicles if the miles have been set back. This means that the company may be attempting to pass off the miles as less than was reported previously.
How do I know if my odometer is accurate?
Check the vehicle history Get a CARFAX Vehicle History Report and compare the odometer reading(s) with the mileage provided by the seller and make sure the pattern is logical. The report is also helpful as it provides essential clues whether the information is correct.
What does Warning odometer discrepancy mean?
Warning – Odometer Discrepancy Federal and State Law requires that you state the mileage in connection with transfer of ownership. Failure to complete Odometer Statement or providing a False Statement may result in fines and/or imprisonment.
How can you tell if an odometer has been rolled back?
Determining if an odometer has been rolled back. Always have a pre-purchase inspection and get a vehicle history report before buying any used car. Not only will the history report alert you to the vehicle’s damage history, unfixed recall status, lien status and more, it will provide a registration history which includes odometer readings.
Can a car dealership roll back miles on the odometer?
If the odometer registered hundreds of thousands of miles, this could mean the life of the vehicle is nearing its end. The affect this has for the driver is that a new car is needed soon. It is illegal for a car dealership to roll back the miles on the car for any reason.
Does a car’s odometer reading matter when buying a used car?
Even if a car looks and sounds great, it doesn’t mean there’s nothing to be concerned about. For example, a vehicle’s odometer reading is major factor in determining how much it’s worth.
What is odometer fraud and rollback?
Odometer fraud, also referred to as odometer rollback, is the illegal act of changing or altering the mileage readings on a vehicle to make it appear to have a lower total mileage.