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Content Overview

Guide to Writing Texas Odometer Statement

After completing the Texas Odometer Statement form, it is essential to ensure that all information is accurate and clearly presented. This form must be signed by both the seller and the buyer or their agents. Following these steps will help facilitate a smooth transaction.

  1. Obtain a copy of the Texas Odometer Statement form (VTR-40).
  2. Fill in the seller or agent's name at the top of the form.
  3. Provide the vehicle description by entering the year, make, body style, model, and Vehicle Identification Number (VIN).
  4. Enter the odometer reading in the designated field, ensuring no tenths are included.
  5. Certify the odometer reading by signing and printing the name of the seller or agent, ensuring it matches the signature.
  6. If applicable, print the name of the firm on the line provided above the signature.
  7. Complete the street address, city, state, and zip code for the seller or agent.
  8. In the acknowledgment section, the buyer or agent must sign and print their name, matching the signature.
  9. If the purchase is made by a firm, print the firm's name on the line provided above the buyer's signature.
  10. Fill in the street address, city, state, and zip code for the buyer or agent.

Document Breakdown

Fact Name Details
Form Title The official name of the form is the Odometer Disclosure Statement, designated as VTR-40.
Governing Laws This form is governed by both federal and Texas state laws, specifically the Transportation Code, §501.155.
Purpose The form is required to disclose the mileage of a vehicle during the transfer of ownership.
Consequences of False Information Providing false information on this form can lead to fines and/or imprisonment.
Exclusions This form cannot be used with title transfer documents that meet federal and state odometer disclosure requirements.
Odometer Reading The form requires the seller to certify that the odometer reading reflects the actual mileage, or to check specific statements if it does not.
Buyer Acknowledgment The buyer or agent must acknowledge the odometer disclosure by signing the form, confirming awareness of the seller's certification.

FAQ

What is the Texas Odometer Statement form?

The Texas Odometer Statement form, also known as VTR-40, is a document required during the transfer of vehicle ownership in Texas. It certifies the mileage of the vehicle and ensures compliance with federal and state laws regarding odometer disclosures.

Why is the Odometer Statement important?

This statement is crucial because it protects both the buyer and the seller. It ensures that the mileage reported is accurate, preventing potential fraud. Misrepresenting the odometer reading can lead to legal consequences, including fines or imprisonment.

Who needs to complete the Odometer Statement?

Both the seller and the buyer (or their agents) must complete the Odometer Statement. The seller certifies the accuracy of the mileage, while the buyer acknowledges the information provided.

What information is required on the form?

The form requires several key pieces of information:

  • Year, make, body style, and model of the vehicle
  • Vehicle Identification Number (VIN)
  • The current odometer reading
  • Signature of the seller/agent
  • Signature of the buyer/agent

What happens if the odometer reading is incorrect?

If the odometer reading is not accurate, the seller must check the appropriate box on the form. This indicates that the mileage stated may not reflect the actual mileage of the vehicle. Buyers should be aware of this discrepancy.

Can this form be used with title transfer documents?

No, the Texas Odometer Statement form cannot be used in conjunction with title transfer documents. It is specifically for odometer disclosures and should not replace any required title transfer paperwork.

What are the consequences of providing false information?

Providing false information on the Odometer Statement is a serious offense. Under Texas law, it is classified as a third-degree felony, which can result in significant legal penalties, including imprisonment and fines.

When should the Odometer Statement be completed?

The Odometer Statement should be completed at the time of the vehicle sale. Both parties should fill out and sign the form before finalizing the transaction to ensure all information is accurate and acknowledged.

Is there a specific format for the odometer reading?

Yes, the odometer reading must be stated in whole numbers without tenths. This means you should only report the whole miles driven, not fractions of a mile.

Where can I obtain the Texas Odometer Statement form?

The Texas Odometer Statement form can be obtained from the Texas Department of Motor Vehicles (TxDMV) website or at local DMV offices. It is important to use the most current version of the form to ensure compliance with state regulations.

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Texas Odometer Statement Example

(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.