This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
The Arkansas federal odometer statement is an important document used during the process of buying or selling a vehicle in the state of Arkansas. It serves as an official record of the vehicle's mileage at the time of purchase or sale and protects both the buyer and the seller from potential odometer fraud. The purpose of the Arkansas federal odometer statement is to provide accurate information about the vehicle's mileage, ensuring transparency and preventing any misrepresentation. By completing this statement, the seller declares the actual mileage of the vehicle, certifying that it is accurate and has not been tampered with. The Arkansas federal odometer statement contains several crucial details, including the seller's and buyer's information, vehicle identification number (VIN), make, model, year, and date of the odometer reading. It also requires the signature of both parties involved in the transaction, authenticating the accuracy of the disclosed information. It is important to note that there are no different types of Arkansas federal odometer statements. However, various versions of the document may be available based on the type of vehicle being sold or the agency involved in the transaction. Some of these versions may include: 1. Arkansas Federal Odometer Statement for Cars: This version of the statement is specific to cars, providing all the necessary fields to record the relevant information related to the vehicle's mileage when buying or selling a car. 2. Arkansas Federal Odometer Statement for Trucks: This version is tailored for trucks and includes additional sections to accommodate the specific details related to trucks, such as the vehicle's weight rating, towing capacity, and other truck-specific information. 3. Arkansas Federal Odometer Statement for Motorcycles: This version of the statement is designed exclusively for motorcycles, considering the different aspects unique to motorcycle transactions, including the vehicle's engine displacement, type, and other pertinent information. Regardless of the vehicle type, it is essential for both the buyer and the seller to truthfully complete the Arkansas federal odometer statement to avoid any legal consequences. By accurately disclosing the vehicle's mileage, individuals can ensure a fair and transparent vehicle purchase or sale transaction while abiding by Arkansas state laws and regulations.
