Official Texas Odometer Statement Form in PDF

Filling out the Texas Odometer Statement form is a crucial step in the vehicle transfer process. Here are some key takeaways to keep in mind:

• Required Information: The form requires specific details, including the year, make, body style, model, and Vehicle Identification Number (VIN) of the vehicle.
• Accurate Mileage: Sellers must certify that the odometer reading reflects the actual mileage. Providing false information can lead to severe penalties.
• Odometer Limitations: If applicable, the seller must check one of the two options regarding odometer limits or discrepancies, such as mileage exceeding mechanical limits.
• Signature Requirement: Both the seller and buyer (or their agents) must sign the form. Their printed names should match their signatures to avoid confusion.
• Firm Names: If the vehicle is being sold by or to a business, the firm’s name must be printed where indicated on the form.
• Address Information: Complete street addresses, including city, state, and zip code, are necessary for both the seller and buyer.
• Legal Consequences: Falsifying information on this form is considered a third-degree felony under Texas law, highlighting the importance of accuracy.
• Not for Title Transfers: This form cannot be used alongside title transfer documents that already meet federal and state odometer disclosure requirements.

Misconceptions about the Texas Odometer Statement form can lead to confusion and potential legal issues. Here are nine common misunderstandings:

1. The form is optional. Many people believe that completing the Texas Odometer Statement is optional. In reality, federal and state laws require it when transferring vehicle ownership.
2. Only the seller needs to sign. Some think only the seller's signature is necessary. However, both the seller and the buyer must acknowledge the odometer disclosure by signing the form.
3. It can be used for any vehicle. This form cannot be used for all vehicles. It is specifically for those that do not have a title that complies with federal odometer disclosure requirements.
4. Filling out the form is straightforward and has no consequences. Failing to complete the form accurately or providing false information can lead to serious penalties, including fines and imprisonment.
5. Odometer readings can be estimated. Some believe they can estimate the odometer reading. The form requires an exact mileage reading, with no tenths allowed.
6. It only applies to used cars. This form is often thought to be relevant only for used vehicles. In fact, it applies to any vehicle transfer where odometer disclosure is mandated.
7. Once signed, the form cannot be changed. People often think that once the form is signed, it cannot be amended. Corrections can be made, but both parties must agree and initial the changes.
8. It is the same as a bill of sale. Many confuse the Texas Odometer Statement with a bill of sale. While both documents are important in a vehicle transaction, they serve different purposes.
9. The form is only for private sales. Some assume that only private sales require this form. However, it is also necessary for transactions involving dealerships and businesses.

Understanding these misconceptions can help ensure compliance with the law and protect both buyers and sellers during vehicle transactions.