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New Changes For Selling Vehicles In 2021

A new federal rule will change the way vehicles are sold. Jesse White, Illinois Secretary of State, has alerted consumers of a new rule during vehicle sale’s concerning odometer readings.  The new federal rule, which has been issued by the National Highway Traffic Safety Administration, has been put in place because of odometer fraud. The average age of a vehicle in the US is now almost 12 years. 

 

Under the new rules, vehicles made in 2011 and newer will be subject to odometer disclosure for 20 years rather than 10 years. Under the old rule, a vehicle from 2011 would have become exempt from disclosure in 2021. Odometer readings will now have to be disclosed until 2031. 

 

In short, if a vehicle is a 2011 model or newer, the seller must enter the current mileage in the odometer reading section of the title upon the sale of the vehicle. If the vehicle is a 2010 model or older, the seller may check the exempt box. 

 

Any vehicles that are newer than 2011, must have their odometer disclosed, or the sale will be null and void.

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