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 Form is an important document used in the state of California to verify and document the accuracy of an odometer reading when transferring a vehicle title. This form is required by law to protect buyers from odometer fraud and ensure transparency in vehicle sales. The purpose of the Arkansas Federal Odometer Statement Form is to provide accurate information regarding the mileage of the vehicle being sold. It requires the seller to disclose the exact mileage on the odometer at the time of sale, including any additional digits that may be present beyond the standard six-digit limitation. By using this form, sellers acknowledge that the odometer reading reflects the actual mileage and that they are not aware of any discrepancy or tampering. This helps buyers make well-informed decisions when purchasing a vehicle and prevents them from unknowingly buying a vehicle with a rolled-back odometer. It is important to note that the Arkansas Federal Odometer Statement Form is not limited to a single type. There are different versions, including the: 1. Arkansas Federal Odometer Statement Form for Private Party Sales: This form is used when a vehicle is sold directly by the owner to another individual without involving a dealership. It must be completed by both the buyer and the seller. 2. Arkansas Federal Odometer Statement Form for Dealership Sales: This form is specific to vehicle sales conducted through a licensed dealership. Dealerships are required to complete this form accurately to comply with state and federal regulations. 3. Arkansas Federal Odometer Statement Form for Out-of-State Transfers: When a vehicle is transferred from another state to California, this form is used to ensure that accurate mileage is recorded and acknowledged by the parties involved in the transfer. When completing the Arkansas Federal Odometer Statement Form, all relevant details must be provided, including the vehicle make, model, year, vehicle identification number (VIN), and the current odometer reading. It is crucial to be truthful and accurate when providing the information on this form, as any falsification or omission may have serious legal consequences. In conclusion, the Arkansas Federal Odometer Statement Form is a crucial document used in California to verify the accuracy of a vehicle's mileage during a transfer of ownership. It helps protect buyers from odometer fraud and ensures transparency in vehicle sales. Various types of this form exist for private party sales, dealership sales, and out-of-state transfers.
