The odometer records how far or how much of a distance a vehicle has traveled. Usually, a lower number of miles on the odometer correspond to a better-priced second-hand car in the used car market. So, if a buyer sees two cars with the exact same condition and specification, the one with lower odometer reading will be more appealing to the used car buyer than the one with higher reading,
This also means that some sellers may resort to illegal tampering of the odometer to improve their selling prospects in the used car showroom. Hence, we have the law of an "odometer disclosure statement". It prevents such abuse and fraudulent manner of selling a car by roiling back the miles on the odometer.
How does the Indiana odometer disclosure statement help a used car buyer?
[1] Prevents the dishonest sale of cars
For the dishonest used car sellers, they may not have any intention of selling their cars to honest buyers. They would rather prefer to sell it to steal money by changing the mileage on the odometer. The law of odometer disclosure statement, therefore, helps keep the honesty and integrity of selling cars.
This way, it prevents used car dealers from making false statements by tampering with odometers on their vehicles.
[2] Brings peace of mind to car buyers
When one buys a car, the car buyer acquires only the car. The odometer isn't very important in the purchase of a used car as long as it runs properly.
However, when you sell a car, its mileage becomes an important consideration to any potential buyer because it will affect their decision of whether they should buy the second hand or not. Therefore, a seller needs to avoid dishonest practices like searching on "How to lower the miles on a digital odometer".
[3] Ensures proper price for the used cars
When selling a car, the odometer is one of the factors that will determine how much the car should be sold for. The odometer reading determines how many miles the car has traveled, and it also influences the price of cars in the used car market.
So, a buyer will automatically go for a car that has a lower odometer reading (assuming all other specifications are the same).
To sign off
Almost all used car buyers will look for the odometer reading to decide if the car is good enough for the amount paid for it. They will be at peace knowing that the Indiana odometer disclosure statement will protect them from a fraudulent odometer reading.
It also prevents the seller from indulging in such malpractices, which puts a red flag on the entire transaction. Hence, they should not search for "How to lower the miles on a digital odometer" but instead keep the original reading as it is.
Andrew Richardson is the author of this Article. To know more about Ford complaint line please visit our website: allenstewart.com
