An Arkansas motor vehicle bill of sale is a legal document that shows proof of a vehicle sale between a buyer and seller. It helps Arkansas residents conduct genuine transactions when selling or buying a motor vehicle. The bill of sale serves as the record of ownership change and contains the transfer details from one party to another.
The Arkansas Department of Finance and Administration provides the official bill of sale form that you can use during the vehicle sale and registration.
Arkansas bill of sale templates – discover other bill of sale forms for Arkansas with instructions.
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|Document Name||Arkansas Vehicle Bill of Sale Form|
|Other Names||Arkansas Car Bill of Sale, Arkansas Automobile Bill of Sale|
|DMV||Arkansas Department of Finance and Administration|
|Vehicle Registration Fee||$17-30|
|Bill of Sale Required?||Yes|
|Avg. Time to Fill Out||7 minutes|
|# of Fillable Fields||17|
To conduct a safe vehicle transaction for both a seller and buyer, it is essential to have a document confirming vehicle ownership transfer. In Arkansas, you can freely use the official bill of sale provided by the local DMV. Here is how to correctly complete this template.
Step 1: Indicate the purchaser’s information
In the first section, you need to type the purchaser’s details, including:
Step 2: Provide the seller’s contact details
Indicate the other party by writing the same information about them, including:
Step 3: Describe the vehicle you sell
By clarifying the details regarding the vehicle being sold, the parties ensure that a seller is released from any future accusations. The purchaser is protected from possible issues while registering the vehicle. Thus, the document must have the following details:
Step 4: Indicate the date and price of the vehicle
The following step is to specify the date of the transaction and the way in which you’ll be given money for the vehicle.
Step 5: Provide the buyer’s signature
After checking all the information, the buyer signs the bill of sale as a confirmation of the purchase.
Step 6: Place the seller’s signature
Lastly, the seller affirms that the information provided in the document is correct by signing the form.
If the parties desire, they can ask the official representative or notary public to notarize the document, although it is not mandatory in Arkansas.
This is the official bill of sale form provided by the Arkansas Department of Finance and Administration and used to secure the deal between a seller and buyer of the vehicle.
Form 10-381 is the official vehicle registration application accepted in Arkansas.
Form 10-313 or Odometer Disclosure Statement is usually attached to the bill of sale to keep track of the vehicle mileage. In Arkansas, an odometer reading is a part of the bill of sale.
Take note that registration should commence no later than 15 days after the actual transfer date. If you want to register your car out of the state or for the first time, your newly acquired vehicle will undergo a Vehicle Identification Inspection (VIN). It is a mandatory procedure that confirms the validity of the car – registration details, origin, and motor vehicle parts.
Then, proceed to the local Department Revenue Office at your county to get registration documents, which are classified according to the nature of the purchase. Did you buy it from a private individual, car dealer, or on lease?
If you bought the vehicle from a private party, you must fill a Vehicle Registration Application (Form 1-381). It is a compulsory document for processing the title and vehicle registration. On the other hand, the Manufacturer’s Certificate of Origin (MCO) is required if you bought from a car dealer. And if you are leasing the vehicle, you must submit the lease agreement copy, signed by both parties.
As for the manufacturing year, a vehicle that is below ten years old requires you to fill in an Odometer Disclosure Statement Form (Form 10-313), or you can write the reading on the back of the title.
After buying the car, you must take it for assessment at the county office. The county assessor will then issue you with a document that proves the assessment took place at a particular date within the same year of the sale. You have to submit the assessment documentation at the registration office.
You must also produce an insurance certificate from a legit insurance company operating in Arkansas. Another essential document is a tax compliance certificate that proves you have been paying your personal property taxes on time, without evading. Don’t forget to produce the current Arkansas registration certificate, which is also mandatory in processing the new title of ownership.
It is imperative to note that the purchaser will pay all the registration costs for the newly acquired vehicle after completing the vehicle bill of sale template successfully.
In a nutshell, the documents below are necessary for a successful registration:
After personally presenting all of the documents at the revenue office, the registration process will be considered complete and you will get the new title and license plates.