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ODOMETER / MILEAGE DISCLOSURE STATEMENT Federal law (and State law, if applicable) requires that you, the Lessee, disclose the mileage to the lessor, in connection with the transfer of ownership of

How to fill out hyundai finance disclosure statement form

How to fill out Hyundai Finance Odometer Statement

1. Begin with the owner's information: Enter your name and address at the top of the form.
2. Provide the vehicle details: Write down the make, model, year, and VIN (Vehicle Identification Number) of your Hyundai.
3. State the odometer reading: Record the current odometer reading as accurately as possible.
4. Indicate the date: Date the statement as of when the odometer reading was taken.
5. Sign the document: Sign at the bottom to certify the accuracy of the information provided.
6. Submit the form: Send the completed Odometer Statement to Hyundai Finance as instructed.

Who needs Hyundai Finance Odometer Statement?

1. Individuals financing a Hyundai vehicle through Hyundai Finance.
2. Dealerships handling vehicle transactions that require odometer verification.
3. Lenders who need documentation for loan processing and compliance with odometer disclosure laws.

People Also Ask about hyundai motor odometer

What is an odometer statement in Texas?

The federal Truth in Mileage Act (TIMA) requires motor vehicle sellers provide an odometer disclosure statement at the time of sale or transfer of ownership. This is one of the many forms a car buyer signs when buying a vehicle; it is the seller stating clearly how many miles are on the vehicle and the buyer agreeing.

What does the odometer reading reflects the amount of mileage in excess of its mechanical limits?

Actual: the mileage as stated is the Actual Mileage, there are no discrepancies. In Excess of Mechanical Limits: Due to limited digits on a vehicle's odometer, the actual mileage is impossible to determine by 'sight'. Example: a vehicle with a 5-digit odometer could not accurately identify mileage over 99,999 miles.

Is an odometer disclosure statement required in California?

All states are required to provide an odometer disclosure section/space on complying titles or complying forms. The odometer disclosure should contain: The complete vehicle description (make, year model, body type, and vehicle identification number).

How do I report odometer rollback in Texas?

You may help an investigation by reporting a suspicious VIN to the NHTSA Office of Odometer Fraud Investigation at (202) 366-4761.

How do I fill out the DMV Form 343?

4:47 7:29 Next mark yes if there were any body type modifications additions and alterations made to theMoreNext mark yes if there were any body type modifications additions and alterations made to the vehicle since it was purchased otherwise mark no lastly enter the cost of the vehicle.

What is odometer discrepancy?

Let's say, for example, you purchase a car from someone that states the speedometer stopped working when the odometer read 80,000 miles. He or she then replaced the broken speedometer with a new speedometer that had an odometer reading of 40,000 miles. This would be an odometer discrepancy.

What is an odometer disclosure statement CA?

An odometer disclosure statement is simply a declaration of a vehicle's mileage as indicated by its odometer, and if whether or not it's an accurate reading.

Is an odometer disclosure statement required in Texas?

Section 501.072 requires the transferor of a motor vehicle transferred in this state to provide to the transferee a disclosure of the vehicle's odometer reading at the time of the transfer in compliance with 49 U.S.C.

What is a 262 form?

The Vehicle/Vessel Transfer and Reassignment (REG 262) form serves as a bill of sale, power of attorney, and odometer disclosure. Because odometer disclosure is not required for vessels, the REG 262 or Bill of Sale (REG 135) form may be used when a bill of sale is needed.

How do you fill out a odometer disclosure statement in Texas?

How to fill out a Texas Odometer Form Section 1. The first section includes the full name of the seller. Particularly the name must pe PRINTED. Section 2. Following in the second section fill out the Seller (Transferor) Information. Section 3: Lastly in the third section fill out the Buyer (Transferee) Information.

What does mileage in excess of mechanical limits mean?

Exceeds Mechanical Limits — A vehicle with a 5-digit odometer cannot accurately track mileage after 99,999 miles because the odometer rolls over. This title is the result of a seller certifying under the Federal Odometer Act, that the odometer reading EXCEEDS MECHANICAL LIMITS of the odometer.

What is odometer reading reported?

The odometer reading reported means that the owner reported the odometer reading to the DMV through an odometer disclosure statement.

Is a reg 262 required?

REG 262 includes the Odometer Disclosure Statement, Bill of Sale, and Power of Attorney (POA). These are important sections to complete, as they legally establish the vehicle's mileage and ownership trail. Odometer disclosure is mandatory on vehicles less than 10 model years old.

What is an odometer disclosure statement TN?

PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.

What is the meaning of odometer reading?

A vehicle's odometer reading is one of the key factors in determining what that vehicle is worth, as it indicates the number of miles a vehicle has traveled.

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What is Hyundai Finance Odometer Statement?

The Hyundai Finance Odometer Statement is a document that records the mileage on a vehicle, typically required when transferring ownership or refinancing a vehicle to ensure accurate odometer readings.

Who is required to file Hyundai Finance Odometer Statement?

Typically, the seller or the current owner of the vehicle is required to file the Hyundai Finance Odometer Statement during the sale or transfer of ownership.

How to fill out Hyundai Finance Odometer Statement?

To fill out the Hyundai Finance Odometer Statement, you will need to provide details such as the vehicle identification number (VIN), current odometer reading, the owner's information, and sign the document confirming the accuracy of the information.

What is the purpose of Hyundai Finance Odometer Statement?

The purpose of the Hyundai Finance Odometer Statement is to provide an official record of the vehicle's mileage, helping to prevent odometer fraud and ensuring transparency in the sale or transfer process.

What information must be reported on Hyundai Finance Odometer Statement?

The information that must be reported includes the vehicle identification number (VIN), the current odometer reading, the date of the statement, the names and signatures of the seller and buyer, and any relevant sale details.