Arizona Odometer Disclosure Statement Form
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People also ask
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How many pay stubs do you need to refinance a car?
Hourly/Salaried Employees – Your lender will likely request pay stubs for the last two pay periods before allowing you to refinance your car loan. If you apply at the beginning of a year, they may also request a W-2 from the previous year.
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What is an odometer statement?
Federal law (and State law if applicable) requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
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What paperwork is needed to refinance a car?
When you apply, plan to provide the lender with these documents: Proof of income: W-2s, recent pay stubs, bank statements or tax returns. Proof of residency: Recent utility bill, lease agreement, monthly mortgage statement or tax bill. Proof of insurance: Recent monthly statement or insurance cards.
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What is the odometer statement for refinance?
As an alternative, you may also have the option of submitting either a formal statement of mileage like an odometer disclosure form, or submit a photo of your car's odometer, which can simply be taken using your smartphone. Both of these options allow the lender to verify that your car's mileage is accurate.
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Do federal and state laws require a completed odometer disclosure statement?
Federal and state law requires that you state the mileage upon transfer of ownership; failure to complete or providing a false statement may result in fines and/or imprisonment.
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What is an odometer disclosure statement?
An odometer disclosure statement is a legal document that states the accurate mileage on a vehicle's odometer at the time of transfer from the seller to the buyer. If the seller knows that the car's mileage is incorrect, the document must contain that information.
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Is mileage exempt in Arizona?
Odometer disclosure at the time of transfer: Vehicles model year 2011 and newer—odometer disclosure is required for 20 years. Vehicles model year 2010 and older—exempt from odometer disclosure.
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Does mileage matter when refinancing?
Finally, the car should be no more than 10 years old — some lenders limit the maximum age to eight — and the mileage should not exceed 100,000 or 150,000 miles, depending on the lender. You can find specific refinancing requirements on lenders' websites or Bankrate's auto loan lender reviews.
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