How is it even legal? "You can lie but you have to admit to it".
Sometimes they get stuck.
It isn’t lying if you say “this odometer is 40k low”.
That’s the difference between fraud and not-fraud right? “It’s not illegal to install a new odometer unless you lie about the odometer reading for money” doesn’t seem like a contradiction to me.
It has to be legal to have an incorrect odometer reading otherwise, unless the odometers are easily changed to display arbitrary readings, entire cars are scrapped as soon as they need replacements.
Perhaps this should be possible? If nothing else, it should technically be possible to hook it to a load and run the odometer up to what it should be. You'd have to be careful not to overshoot, since you can't reduce the value on an odometer if they're properly designed.
It'd still be useful to denote "this vehicle has had the odometer replaced, but care was taken to ensure the odometer value is within +/- 1% of the authentic value"
Of course, this is really only for mechanical-style odometers. Digital ones, I know almost nothing about, wouldn't surprise me if there is no "stored mileage" in such an odometer.
>odometers, as automotive components, do occasionally wear out or malfunction and need to be replaced
In many vehicles the mileage is stored in an engine control unit and the odometer is simply a digital display. In others it's stored electronically in the instrument cluster. What if you need to replace a faulty ECU or instrument cluster? There are ways to reflash that data so replacements are accurate.
If you're selling a vehicle at auction, typically it's as-is. So if the ECU or cluster are having problems and can't read out the mileage, it seems unfair to make it illegal to sell.
A disclaimer isn't admitting to lying. It's admitting that the reported value could be inaccurate. That seems to be the most fair requirement in an auction scenario.
When you sell that vehicle only stating "odometer reads 110,000" you are inducing the buyer into error (lying by omission, and you are in bad faith as you have the documents that reveal the real mileage).
For those rare cases where there is no such documentation there is usually the formula "mileage unknown" or similar, but usually it draws the price down to the minimum.
I honestly didn't even think about that. Thanks for broadening my vision. I legit was only thinking about the downside of it.