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 essential document used during the transfer of ownership of a vehicle to certify the accuracy of its mileage reading. This statement is mandated by the Arkansas Department of Finance and Administration's Office of Motor Vehicles to prevent odometer fraud and protect both buyers and sellers in vehicle transactions. The Arkansas Federal Odometer Statement contains crucial information about the vehicle's mileage history and the parties involved in the transaction. It verifies the current mileage on the odometer at the time of sale, assists in determining any discrepancies in the recorded mileage, and ensures that the vehicle's actual mileage is accurately disclosed to potential buyers. This statement is particularly important when buying or selling used vehicles, as it helps establish the vehicle's value and reliability. The Arkansas Federal Odometer Statement includes various sections. It begins by requesting the seller's personal information, such as their name, address, and contact details. Next, it identifies the buyer's information, including their name, address, and contact details. The vehicle details section requires information such as the make, model, year, and Vehicle Identification Number (VIN) of the vehicle being transferred. Additionally, the Arkansas federal odometer statement will contain statements that address the accuracy of the odometer reading, confirming that the seller discloses any known inaccuracies and is aware of any possible discrepancies in the mileage reading. This ensures transparency and informs the buyer of any potential issues related to the vehicle's odometer. It's worth noting that while the content of the Arkansas Federal Odometer Statement remains relatively consistent, there may be different versions or variations based on specific requirements or updates by the Arkansas Department of Finance and Administration's Office of Motor Vehicles. Therefore, it is essential to refer to the latest version of the statement provided by the official state agency to ensure compliance with Arkansas state laws and regulations. Keywords: Arkansas Federal Odometer Statement, vehicle transfer, mileage accuracy, odometer fraud, Arkansas Department of Finance and Administration, Office of Motor Vehicles, buyer, seller, vehicle details, Vehicle Identification Number (VIN), transparency, official state agency, mileage discrepancy, vehicle transaction.
