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 with address is an official document used in the state of Arkansas to verify the accuracy of a vehicle's mileage at the time of sale or transfer. This document is required by law and serves as proof of the vehicle's mileage for both the buyer and the seller. The Arkansas federal odometer statement with address contains specific information regarding the vehicle's mileage, including the reading on the odometer at the time of sale or transfer. It also includes the vehicle's identification number (VIN), make, model, year, and the name and address of the seller and buyer. There are two types of Arkansas federal odometer statements with address: 1. Individual Seller: This type of odometer statement is used when the vehicle is being sold by an individual privately. The individual seller must fill out the form accurately, providing their full legal name, address, and signature. The buyer must also sign the statement, acknowledging the accuracy of the mileage provided. 2. Authorized Dealer: When a dealership is selling the vehicle, an authorized dealer odometer statement is used. This form is similar to the individual seller statement but includes additional information such as the dealership's name, address, and dealer identification number. The buyer's signature is still required to validate the accuracy of the mileage. To ensure compliance with Arkansas state laws, it is crucial for both the buyer and the seller to complete and sign the appropriate Arkansas federal odometer statement with address. Falsifying or misrepresenting the mileage on a vehicle can lead to legal consequences. Overall, the Arkansas federal odometer statement with address is a vital document in the vehicle sales process, providing a record of the vehicle's mileage and protecting both the buyer and the seller from potential fraud or misrepresentation.
