Does the first question come what does odometer mean? Odometer means the reading of the mileage of a particular vehicle. Nowadays, the buyer usually tampers or alters the odometer to change its actual reading. As a result, the customers have to face the aftermath consequences of the vehicle.
For tampering odometers, sellers can face a lot of legal issues. Hence, to avoid this issue, the Ohio odometer disclosure statement under some laws acts as a protector of customers against fraud.
Mentioned below are some of the legal points that they must consider with the following rules:
1. Used buyer’s guide – The law states that the buyers should post a filled-out Buyer’s Guide for every car they sell. They provide the original copy of it to the buyers. On the back of the Buyer’s Guide, the seller and the buyer both should have initials on it.
2. Odometer Statement – The dealer must complete the statement while selling the car. According to the Ohio odometer disclosure statement, the seller has to show the previous records of the vehicle so that the buyer himself can match the readings. If the customer explores that the provided reading is inaccurate, he can request a rescission.
To wind it up:
What does an odometer mean? To solve this, many dealers choose the path to defraud the people and choose to play with the trust of innocent customers. That is why laws and acts are being constantly made to safeguard the consumers, who are the king of markets.
To know more about What does mileage mean please visit our website: allenstewart.com
0 comments:
Post a Comment