Arkansas Vehicle Bill of Sale Form
An Arkansas Vehicle Bill of Sale Form is a legal document for the transfer of ownership of vehicles. It is designed to record the sale and purchase of a vehicle between a seller and a buyer in Arkansas.
Why Do You Need an Arkansas Vehicle Bill of Sale?
Arkansas Bill of Sale is a document that proves you own the vehicle. You also need it for title and registration with the Arkansas Department of Finance and Administration (DFA).
It must contain information like the VIN, make, model, year, and current odometer readings for 10-year-old vehicles. The agreement also captures the agreed purchase price, which helps calculate sales tax.
Magistrate courts will not accept the form if only one side has signed it. A standard Arkansas Bill of Sale does not need to be notarized, though the parties may choose to do so.
Common Uses of an Arkansas Vehicle Bill of Sale Form?
This form formally signifies that the seller no longer owns the vehicle and transfers all associated liability to the buyer. For the buyer, it is primary evidence of their new ownership. They need it to secure the vehicle's registration, insurance, and future resale.
A properly executed Arkansas Bill of Sale Form:
- Ensures compliance with state regulations.
- Aids timely title transfer
- It helps prevent future disputes
- It brings peace of mind to both parties.
An Arkansas Bill of Sale Form is a binding document for transferring a car in Arkansas. It serves as the legal receipt and is required to properly facilitate the vehicle’s rights transfer to the Revenue Office.
An Arkansas Bill of Sale for a Vehicle must include both parties' legal names and addresses. It must consist of the transaction date, make, model, vehicle identification number, and odometer.
Most vehicle transfers of ownership do not need to be notarized. The document is primarily used as proof or a record.
You need the Arkansas Bill of Sale and a signed-over vehicle title from the seller. It also includes a completed odometer disclosure statement if the car is 10 years old or newer. It should be brought in person to an Arkansas DFA Revenue Office.