system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Why do I need to submit an odometer reading when renewing my license plates?
gpt
Two reasons. One is to make it harder to defraud a future buyer about the real mileage, which is closely tied to the real value of the vehicle. An ongoing record of mileage retained by regulators can easily refute any future reported figure that's inconsistent with that record. The other reason is taxation. As titled property, a vehicle is taxed based on its assessed value, which is also closely tied to its real mileage. Up-to-date mileage figures allow more accurate assessment. Think of it this way: When you report your mileage, you're *lowering your taxes*. Just be sure to be honest, because defrauding regulators does the opposite for your fiscal wellbeing, in spades.