[Date, Place] The precise mileage on a car’s odometer while transferring the title from the seller to the buyer is disclosed in a legal document called an odometer disclosure statement in NC. The document must disclose it if the seller is aware that the vehicle’s mileage is off.

In a recent interview, experts at Allen Stewart P.C., a reputed lemon law firm in the US, shared some fascinating insights into the significance of odometer disclosure statements and odometer fraud. Here’s what we deciphered from the interview:

“In what way is the odometer’s reading verified as accurate? When compared to the mileage shown on the odometer, how many more miles has the car actually driven? A buyer may be receiving an automobile that is far less valuable than they had anticipated in that scenario.”

Manipulating an odometer in any way, including “rolling back,” is forbidden by federal law. However, dishonest vendors out there break the law. This is where a odometer disclosure in Florida statement becomes crucial. An odometer disclosure statement confirms that your car’s miles are accurate and haven’t been tampered with. To stop odometer fraud, state and federal laws mandate odometer disclosure declarations.

To put in the exact words of the automobile legal head from Allen Stewart P.C.

“These disclosures guarantee that the mileage of a car is tracked in a database and updated with each sale. The odometer disclosure statement NC must be completed before the ownership of a vehicle is transferred. You should get in touch with the National Highway Traffic Safety Association (NHTSA) as a way if you suspect odometer fraud.”

“If you have any concerns or need information, get in touch with the odometer fraud enforcement department in your state—sometimes via the DMV. If all these seem like a hassle, we’re always there to help,” he added.
Since it distorts an automobile’s resale value, odometer fraud mostly impacts the used car industry. Because comparable makes and models with lesser mileage from the same model year sell for substantially less, this is the case with higher mileage cars.

To earn additional funds for the car they’re selling, dishonest used car dealers may try to reduce the mileage on the odometer. If the odometer has been tampered with, you can purchase a car with significantly more wear and tear than anticipated. So, always look for the Florida odometer disclosure statement when inquiring about a car's mileage.

About Allen Stewart P.C

Allen Stewart, P.C.’s attorneys assist any US citizen to recoup their financial damages if they were a victim of odometer fraud. They act quickly to assess the viability of your odometer fraud claim and help you throughout the legal procedure.

Contact Details

Address- 1700 Pacific Avenue, Suite 2750, Dallas, Texas 7520.

Contact Number- 866-440-2460.