In Michigan, an odometer statement is more than a formality — it’s a document that is legally required in order to help protect the buyer and the seller during the transfer of ownership of a vehicle. Subject to state and federal laws, the disclosure serves to reveal a vehicle’s mileage and helps to prevent fraud in the sale of motor vehicles.
The odometer statement in Michigan must be signed when a vehicle less than 10 years old is sold or transferred. This encompasses private sales, dealer and vehicle donations. The seller must document the mileage upon transfer, which will become part of the title history. False or misleading information may result in fines or legal action.
The odometer statement in Michigan, is typically located on the back of the car title. However, when the title does not have room for such information (or there is a replacement title pending), a separate federal odometer disclosure form may be used.
This notice protects buyers from odometer fraud, which involves rolling back the odometer to make it appear that the mileage is lower than it really is. For prospective buyers, checking the odometer reading against maintenance records or a vehicle history report is a sensible hedge before finalizing a deal.
Knowing the role of the odometer statement in Michigan means that you will get not just your desired car, but also the peace of mind that the car’s history is honestly presented to you. It’s a little thing, but it makes a huge difference in doing your business fairly and legally.
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