Transparency is crucial to a fair transaction when purchasing or selling an SUV.” One of the more important pieces to this transaction is the NYS odometer statement that certifies a vehicle’s mileage at the time of transfer. This statement is in place for the protection of both buyers and sellers and helps to prevent scams such as odometer rollbacks.
Under the NYS odometer disclosure statement, sellers of automobiles must disclose the vehicle’s actual mileage, accurate to the exact mile. This information makes it possible for the buyer to understand how worn out the car is, and what maintenance issues they will have to deal with in the future and thus make a decision whether or not your purchase is worth it. Without it, buyers might be hit with surprise repairs or safety hazards due to hidden high mileage. With this documentation, they hope to avoid the naive selling of clunkers by imposing liability on all the sellers.
Providing an accurate NYS odometer statement is not just a formality — it's the law. Vendors selling under false pretenses may be fined, civilly liable or banned. At the point of purchase, for buyers, closely examining this document provides a form of protection against fraud and peace of mind.
With today’s automotive industry environment relying on trust, the NYS odometer statement is an important safeguard. This guarantees the vehicle’s actual mileage and also confirms that the owner maintained it properly over the years.
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