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The Texas Odometer Statement form, officially known as VTR-40, plays a crucial role in the vehicle transfer process. This document ensures that both buyers and sellers are aware of the vehicle's mileage at the time of sale, a requirement mandated by federal and state law. When completing this form, sellers must provide accurate details about the vehicle, including its year, make, model, body style, and Vehicle Identification Number (VIN). The form also includes a section where sellers certify that the odometer reading reflects the actual mileage, or they must indicate if the mileage exceeds mechanical limits or if it is not accurate. It’s essential to note that providing false information can lead to serious consequences, including fines and imprisonment. Additionally, this form cannot be used alongside title transfer documents for vehicles titled after April 29, 1990, which have their own disclosure requirements. Buyers also acknowledge the odometer disclosure, ensuring that they are informed about the mileage certification made by the seller. Understanding the importance of this form helps protect all parties involved in the transaction and promotes transparency in vehicle sales.

Common mistakes

  1. Failing to provide the correct odometer reading. This reading must be accurate and should not include tenths of a mile.

  2. Not checking the appropriate box if the odometer reading is not the actual mileage. This can lead to legal complications.

  3. Neglecting to sign the form. Both the seller and the buyer must provide their signatures to validate the document.

  4. Forgetting to print names clearly under the signatures. Illegible names can cause issues when verifying the identities of the parties involved.

  5. Omitting the vehicle identification number (VIN). This unique identifier is crucial for accurately documenting the vehicle.

  6. Not including the full address of both the seller and the buyer. Complete address information is necessary for record-keeping purposes.

  7. Using this form in conjunction with other title transfer documents that do not comply with federal and state odometer disclosure requirements.

  8. Ignoring the warnings about falsifying information. Providing incorrect data can lead to severe legal repercussions.

  9. Failing to acknowledge the odometer disclosure by the buyer/agent. This acknowledgment is an essential part of the transaction process.

Preview - Texas Odometer Statement Form

(Seller/Agent Name)

ODOMETER DISCLOSURE

STATEMENT

VTR-40 (Rev. 11/09)

DHT # 142235

Federal and State Law require that you state the mileage in connection with the transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment. This form may not be used in conjunction with title transfer documents, which comply with federal and state odometer disclosure requirements such as Texas Certificate of Titles issued on or after April 29, 1990.

VEHICLE DESCRIPTION

Year

Make

Body Style

Model

Vehicle Identification Number

I, ______________________________________________, certify to the best of my knowledge that the odometer reading is

the actual mileage of the vehicle described above unless one of the following statements is checked:

Odometer

Reading

(No Tenths)

1.The mileage stated is in excess of its mechanical limits.

2.The odometer reading is not the actual mileage.

WARNING – ODOMETER DISCREPANCY.

Date ofSignature of Seller/AgentPrinted Name (Same as Signature) Statement

If titled in a firm’s name, print the firm’s name on the line above.

Street Address

City

State

Zip Code

ACKNOWLEDGMENT OF ODOMETER DISCLOSURE BY BUYER/AGENT

I am aware of the above odometer certification made by the seller/agent.

Date of

Signature of Buyer/Agent

Printed Name (Same as Signature)

Statement

 

 

If purchased by a firm, print the firm’s name on the line above.

Street Address

City

State

Zip Code

WARNING: TRANSPORTATION CODE, §501.155, PROVIDES THAT FALSIFYING INFORMATION ON ANY REQUIRED STATEMENT OR APPLICATION IS A THIRD-DEGREE FELONY.

Documents used along the form

When transferring ownership of a vehicle in Texas, the Odometer Statement form is an important document. However, several other forms and documents are often used in conjunction with it to ensure a smooth transaction. Below is a list of these commonly associated documents, each serving a specific purpose.

  • Texas Certificate of Title: This is the primary document that proves ownership of a vehicle. It contains essential information such as the vehicle's make, model, and identification number, as well as details about the owner. When transferring ownership, both the seller and buyer must complete sections of this title.
  • Bill of Sale: This document serves as a receipt for the transaction. It outlines the terms of the sale, including the purchase price and any conditions agreed upon by both parties. The Bill of Sale can be useful for tax purposes and provides proof of the transaction.
  • Pennsylvania Motor Vehicle Bill of Sale: This form is essential for documenting the transfer of vehicle ownership in Pennsylvania. For more information, visit autobillofsaleform.com/pennsylvania-motor-vehicle-bill-of-sale-form.
  • Application for Texas Title: If the buyer is applying for a new title after purchasing the vehicle, this application must be completed. It requires information about the buyer, the vehicle, and any liens on the vehicle, if applicable.
  • Vehicle Registration Application: After acquiring the vehicle, the new owner must register it with the state. This application includes details about the vehicle and the owner. Registration is necessary for legal driving and ensures that the vehicle is properly taxed.
  • Affidavit of Heirship: In cases where the vehicle was inherited, this document may be needed. It verifies the transfer of ownership from a deceased individual to their heirs. This affidavit can simplify the process of obtaining a new title in the name of the heir.

Each of these documents plays a crucial role in the vehicle transfer process. Ensuring that all forms are completed accurately and submitted can help avoid complications down the line. Proper documentation protects both the seller and the buyer, providing clarity and legal standing in the transaction.

Similar forms

The Federal Odometer Disclosure Statement serves a similar purpose as the Texas Odometer Statement. Both documents require the seller to disclose the vehicle's mileage at the time of sale. They protect buyers by ensuring that they receive accurate information about the vehicle's history. Like the Texas form, the Federal Odometer Disclosure Statement includes a certification section where the seller confirms the accuracy of the mileage. This helps to prevent fraud and misrepresentation during the transfer of ownership.

The Vehicle Title Application is another document closely related to the Texas Odometer Statement. When applying for a new title, the applicant must provide information about the vehicle, including its mileage. This document serves as a formal request to transfer ownership and includes an odometer disclosure section. Both forms share the goal of ensuring that the buyer is aware of the vehicle's mileage, thus safeguarding against potential disputes regarding the vehicle's condition and value.

The Bill of Sale is also similar in function to the Texas Odometer Statement. This document records the transaction between the buyer and seller and often includes a section for odometer disclosure. The Bill of Sale serves as proof of the sale and can be used in legal situations to establish ownership. By including the odometer reading, it helps to clarify the vehicle's mileage at the time of sale, which is crucial for both parties involved.

The Application for a Duplicate Title is another relevant document. When a vehicle title is lost or damaged, this application allows the owner to request a new one. Similar to the Texas Odometer Statement, this application requires the submission of the vehicle's mileage. This ensures that the new title accurately reflects the vehicle's history, maintaining transparency and protecting future buyers from odometer fraud.

In addition to the various state requirements for odometer disclosures, it is important for potential mobile home buyers and sellers in Connecticut to be aware of the Mobile Home Bill of Sale, which provides a structured process for transferring ownership. This document protects both parties by ensuring all pertinent details are clearly documented, thus minimizing the chances of disputes in the future.

The State Vehicle Registration form also parallels the Texas Odometer Statement. When registering a vehicle, the owner must provide the current mileage. This form is essential for establishing legal ownership and ensuring that the vehicle is properly documented within state records. By requiring odometer disclosure, the registration process helps to prevent fraudulent activity related to vehicle mileage.

Finally, the Transfer of Title form serves a similar purpose to the Texas Odometer Statement. This form is used to officially transfer ownership of a vehicle from one party to another. It typically includes a section for odometer disclosure, ensuring that the seller provides accurate mileage information. Both documents aim to protect buyers by preventing deception regarding the vehicle's history and condition, reinforcing the importance of transparency in vehicle transactions.

Dos and Don'ts

When filling out the Texas Odometer Statement form, follow these guidelines to ensure accuracy and compliance.

  • Do provide the correct odometer reading without any alterations.
  • Do check the appropriate box if the odometer reading is not the actual mileage.
  • Do sign and print your name clearly in the designated areas.
  • Do include the vehicle's complete description, including year, make, model, and VIN.
  • Don't leave any fields blank; complete all required sections.
  • Don't provide false information, as it may lead to legal consequences.

Key takeaways

When filling out the Texas Odometer Statement form, there are several important points to keep in mind. This form is crucial for ensuring that vehicle ownership transfers are conducted legally and transparently.

  • Mandatory Requirement: Completing the odometer statement is required by both federal and state law during the transfer of vehicle ownership.
  • Accuracy is Key: The seller must certify that the odometer reading reflects the actual mileage of the vehicle to the best of their knowledge.
  • Potential Consequences: Providing false information on the form can lead to fines or even imprisonment.
  • Not for Title Transfers: This form cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements.
  • Specific Vehicle Information: The form requires detailed vehicle information, including year, make, model, and Vehicle Identification Number (VIN).
  • Options for Mileage Reporting: Sellers must indicate if the odometer reading is accurate, exceeds mechanical limits, or is not actual mileage.
  • Buyer Awareness: The buyer or agent must acknowledge the odometer disclosure by signing the form, confirming their awareness of the seller's certification.
  • Firm Names: If the vehicle is purchased under a firm’s name, the firm’s name must be printed in the designated areas.
  • Legal Implications: Falsifying information on the odometer statement is classified as a third-degree felony under Texas law.
  • Signature Requirements: Both the seller and buyer must provide their signatures, along with printed names and addresses, to validate the transaction.

Understanding these key points can help ensure a smooth and legal transfer of vehicle ownership in Texas. Always take the time to fill out the form accurately and completely to avoid any potential legal issues.

How to Use Texas Odometer Statement

Filling out the Texas Odometer Statement form is an important step when transferring vehicle ownership. This form ensures that both the seller and buyer are aware of the vehicle's mileage, which is crucial for legal and financial reasons. After completing the form, you will typically submit it along with other necessary documents for the transfer of ownership.

  1. Obtain the Texas Odometer Statement form (VTR-40).
  2. At the top of the form, write the Seller/Agent Name.
  3. Fill in the Vehicle Description section with the following details:
    • Year
    • Make
    • Body Style
    • Model
    • Vehicle Identification Number (VIN)
  4. In the space provided, enter the Odometer Reading (without tenths).
  5. Certify the odometer reading by signing your name in the designated area. Write your printed name below your signature.
  6. If the vehicle is titled in a firm’s name, include the firm’s name above your signature.
  7. Provide your Street Address, City, State, and Zip Code.
  8. Check one of the following statements if applicable:
    • The mileage stated is in excess of its mechanical limits.
    • The odometer reading is not the actual mileage.
  9. Sign and date the form in the Buyer/Agent section, acknowledging the odometer disclosure made by the seller/agent.
  10. Print your name below your signature in the Buyer/Agent section.
  11. If purchased by a firm, print the firm’s name on the line above your signature.
  12. Provide your Street Address, City, State, and Zip Code in the Buyer/Agent section.