Home Local News NEW ODOMETER RULES IN IOWA FOR VEHICLE SALES

NEW ODOMETER RULES IN IOWA FOR VEHICLE SALES

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THE IOWA DEPARTMENT OF TRANSPORTATION HAS UPDATED THE RULES FOR ODOMETER DISCLOSURE STATEMENTS WHEN YOU SELL A CAR OR TRUCK TO ALIGN WITH FEDERAL CHANGES THAT STARTED WITH THE NEW YEAR.

D-O-T SPOKESMAN, DANIEL HEY (HAY) SAYS THE RULE SETS OUT WHO HAS TO PROVIDE THE STATEMENT.

ODO1 OC……..OR TRANSFERRED” :10

HE SAYS THE CHANGE IS RECOGNIZING THAT VEHICLES ARE BEING KEPT LONGER.

ODO2 OC…….YEARS OR NEWER” :19

THE CHANGE APPLIES TO ALL TRANSFERS OF VEHICLES, INCLUDING SALE BY A DEALER, PRIVATE SALE, OR VEHICLES RECEIVED THROUGH GIFT OR INHERITANCE.
HEY SAYS THE INFORMATION IS VERY IMPORTANT.

ODO3 OC………ON THAT VEHICLE” :19

ODOMETERS WENT FROM A MECHANICAL SYSTEM TO DIGITAL AROUND 20 YEARS AGO. HEY SAYS THEY STILL GET CASES OF ODOMETER FRAUD WITH THE USE OF DIGITAL SYSTEMS.

ODO4 OC……..ALTER IT” :11

HE SAYS HAVING THE ODOMETER STATEMENTS WHEN A VEHICLE IS SOLD GIVES A PAPER TRAIL THAT MAKES IT EASIER TO GO BACK AND SEE IF THERE IS A DISCREPANCY IN THE AMOUNT OF MILEAGE.

THE ODOMETER DISCLOSURE CAN BE DONE A COUPLE OF WAYS.

ODO5 OC……THROUGH THE D-O-T” :18

ANY TRANSFER WHERE THE ODOMETER STATEMENT WAS PREVIOUSLY NOT REQUIRED WILL CONTINUE TO BE EXEMPT UNDER THE RULE CHANGE.

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