Homepage / Blank Texas Odometer Statement Form

Misconceptions

Understanding the Texas Odometer Statement form is crucial for anyone involved in vehicle transactions. However, several misconceptions can lead to confusion. Here are ten common misunderstandings:

  1. The form is optional. Many people believe that the Texas Odometer Statement is not necessary. In reality, it is required by federal and state law during the transfer of vehicle ownership.
  2. Only the seller needs to fill it out. Some assume that only the seller must complete the form. However, both the seller and the buyer must acknowledge the odometer reading.
  3. It can be used with any title transfer documents. There is a misconception that this form can accompany any title transfer. In fact, it cannot be used with title documents that already meet odometer disclosure requirements.
  4. Odometer readings are always accurate. Many people think that the odometer reading is always reliable. However, the form allows for the possibility that the odometer may not reflect the actual mileage.
  5. Only the vehicle's age matters. Some believe that the vehicle's age is the only factor in determining its value. In reality, accurate mileage is equally important and must be disclosed.
  6. Fines are rare for inaccuracies. There is a belief that penalties for false statements are uncommon. However, providing incorrect information can lead to serious consequences, including fines and imprisonment.
  7. The form is only for private sales. Some people think the Odometer Statement is only necessary for private transactions. This form is also required for dealer sales and transfers.
  8. It can be filled out after the sale. Many believe they can complete the form after the vehicle has been sold. However, it must be filled out at the time of the transfer.
  9. Once signed, it cannot be disputed. Some think that a signed Odometer Statement is final and cannot be challenged. In fact, discrepancies can lead to legal issues and disputes.
  10. It’s the same as a bill of sale. There is a misconception that the Odometer Statement serves the same purpose as a bill of sale. While both are important, they serve different legal functions in a vehicle transaction.

Being informed about these misconceptions can help ensure a smoother vehicle transaction process in Texas.

Detailed Steps for Filling Out Texas Odometer Statement

After completing the Texas Odometer Statement form, ensure that both the seller and buyer have signed it. This form is crucial for documenting the vehicle's mileage during a transfer of ownership. It is important to keep a copy for your records.

  1. Obtain 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, including:
    • Year
    • Make
    • Body Style
    • Model
    • Vehicle Identification Number (VIN)
  4. Enter the odometer reading in the designated space, ensuring no tenths are included.
  5. Certify the odometer reading by signing your name in the "Signature of Seller/Agent" section.
  6. Print your name in the "Printed Name" section, ensuring it matches your signature.
  7. If applicable, print the firm’s name above your signature.
  8. Fill in your street address, city, state, and zip code.
  9. In the acknowledgment section, the buyer or agent must sign and print their name.
  10. If the buyer is a firm, print the firm’s name above their signature.
  11. Complete the buyer's street address, city, state, and zip code.

Document Preview

(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.

Dos and Don'ts

When filling out the Texas Odometer Statement form, it's important to follow specific guidelines to ensure accuracy and compliance. Here’s a list of what you should and shouldn’t do:

  • Do provide the correct odometer reading without any tenths.
  • Do ensure all names and signatures are printed clearly.
  • Do check the appropriate box if the odometer reading is not the actual mileage.
  • Do include the full vehicle description, including the Vehicle Identification Number (VIN).
  • Don’t leave any sections of the form blank; fill out all required fields.
  • Don’t falsify any information, as this can lead to serious legal consequences.
  • Don’t use the form for title transfers that do not comply with federal and state laws.
  • Don’t forget to date your signature, as this is crucial for the document's validity.

Key takeaways

  • Understand the Purpose: The Texas Odometer Statement form is used to disclose the vehicle's mileage during ownership transfer.
  • Legal Requirement: Both federal and state laws require accurate mileage reporting. Failing to comply can lead to serious penalties.
  • Not for Title Transfers: This form cannot be used with title transfer documents that meet odometer disclosure requirements, like Texas Certificates of Title issued after April 29, 1990.
  • Accurate Information: The seller must certify that the odometer reading reflects the actual mileage, unless specific exceptions apply.
  • Exceptions to Note: If the mileage exceeds mechanical limits or is not accurate, the seller must check the corresponding box on the form.
  • Buyer Acknowledgment: The buyer or agent must acknowledge the odometer certification by signing the form.
  • Consequences of Falsification: Providing false information on the form is a serious offense, classified as a third-degree felony under Texas law.

Similar forms

The Vehicle Title Application form is similar to the Texas Odometer Statement in that both documents are essential for the transfer of vehicle ownership. When applying for a title, the Vehicle Title Application requires the seller to provide details about the vehicle, including its identification number and the odometer reading. This ensures that the new owner receives accurate information about the vehicle's history. Both forms aim to protect buyers by promoting transparency and preventing fraud in vehicle transactions.

The Bill of Sale serves a similar purpose as the Texas Odometer Statement by documenting the sale of a vehicle. This document includes important information such as the buyer's and seller's names, the vehicle's details, and the sale price. While the Bill of Sale does not specifically focus on odometer readings, it often includes a section for the seller to certify the odometer reading at the time of sale. This helps establish a legal record of the transaction and can be used in case of disputes.

The Title Transfer form is another document that shares similarities with the Texas Odometer Statement. When transferring a vehicle title, both documents require the seller to disclose the odometer reading to the buyer. This is crucial for ensuring that the buyer is aware of the vehicle's mileage, which can affect its value and condition. The Title Transfer form also serves as an official record of ownership change, reinforcing the importance of accurate odometer disclosures.

The Application for Duplicate Title is comparable to the Texas Odometer Statement in that it may require odometer disclosure when a vehicle title is lost or damaged. When applying for a duplicate title, the owner must often provide the current odometer reading to ensure that the vehicle's history is accurately represented. This helps maintain the integrity of vehicle records and prevents fraudulent claims regarding ownership and mileage.

The Vehicle Registration Renewal form also shares a connection with the Texas Odometer Statement. During the renewal process, vehicle owners may need to provide the current odometer reading to ensure compliance with state regulations. This requirement helps keep the vehicle's registration information up to date and can assist in identifying any discrepancies in mileage that may arise during the vehicle's life.

The Affidavit of Odometer Reading is another document that closely resembles the Texas Odometer Statement. This affidavit is often used when there is uncertainty about the accuracy of the odometer reading or when a vehicle is sold without a title. The seller must provide a sworn statement regarding the mileage, similar to the certification found in the Texas Odometer Statement. This document serves as a legal declaration, helping to protect both the buyer and seller in the transaction.

The Odometer Disclosure Statement for Non-Titled Vehicles is similar in function to the Texas Odometer Statement, particularly for vehicles that do not have a title, such as trailers or certain off-road vehicles. This document serves to disclose the odometer reading at the time of sale, ensuring that the buyer is informed about the vehicle's mileage. Like the Texas Odometer Statement, it helps prevent fraud and provides a clear record of the transaction.

Finally, the Vehicle History Report is related to the Texas Odometer Statement in that it often includes odometer readings as part of its comprehensive overview of a vehicle's past. While not a legal document required for ownership transfer, it provides valuable information about the vehicle's mileage history, including any discrepancies or reported issues. Buyers often use this report to verify the accuracy of the odometer reading disclosed by the seller, reinforcing the importance of transparency in vehicle transactions.

Documents used along the form

The Texas Odometer Statement form is a crucial document used during the transfer of vehicle ownership, ensuring accurate disclosure of mileage. However, several other forms and documents are commonly utilized alongside this statement to facilitate a smooth transaction. Below is a list of these documents, each serving a specific purpose in the vehicle transfer process.

  • Texas Certificate of Title: This official document proves ownership of a vehicle. It contains vital information such as the vehicle's identification number (VIN), make, model, and the names of the current and previous owners.
  • Bill of Sale: This document serves as a receipt for the sale of the vehicle. It outlines the terms of the sale, including the purchase price, date of sale, and the names of both the buyer and seller.
  • Application for Texas Title: When a vehicle is sold, the new owner must apply for a title in their name. This form collects necessary information about the vehicle and the new owner, ensuring that the title is correctly transferred.
  • Vehicle Registration Application: After obtaining the title, the new owner must register the vehicle with the state. This application provides details about the vehicle and is essential for obtaining license plates.
  • Sales Tax Receipt: In Texas, sales tax is applicable on vehicle purchases. This receipt confirms that the buyer has paid the required sales tax, which is necessary for the registration process.
  • Affidavit of Heirship: In cases where the vehicle is inherited, this document verifies the transfer of ownership from the deceased to the heir. It provides legal proof of the relationship and the right to claim the vehicle.
  • Power of Attorney: If the seller cannot be present for the transaction, a power of attorney allows another individual to sign documents on their behalf. This ensures that all necessary paperwork can be completed without the seller's physical presence.
  • Emission Inspection Certificate: Depending on the vehicle's age and the county of residence, an emission inspection may be required. This certificate confirms that the vehicle meets state emissions standards.
  • Vehicle History Report: Although not mandatory, this report provides potential buyers with a comprehensive history of the vehicle, including past ownership, accidents, and any title issues. It can help buyers make informed decisions.

Understanding these documents can significantly ease the vehicle transfer process in Texas. Each serves a distinct role, ensuring compliance with state laws and protecting the interests of both buyers and sellers. Being prepared with the necessary paperwork can lead to a more efficient and successful transaction.