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.
Federal odometer statement Arkansas is a legal document required when purchasing or transferring a motor vehicle in the state of Arkansas. This statement ensures that accurate mileage information is provided and protects buyers from fraud or misrepresentation regarding the vehicle's mileage. The Federal odometer statement is a federal requirement under the Federal Odometer Act and must be completed by the seller or transferor of the vehicle. It serves as a declaration that the mileage shown on the vehicle's odometer is accurate to the best of their knowledge. This statement is crucial as it helps potential buyers make informed decisions and prevents odometer rollback scams. In Arkansas, there are no specific variations or types of Federal odometer statements. The standard Federal odometer statement is used universally in the state. However, it is essential to ensure that the provided document complies with federal and state laws, including the disclosure of any known discrepancies or alterations to the odometer. Keywords: Federal odometer statement, Arkansas, motor vehicle, mileage information, fraud, misrepresentation, accuracy, Federal Odometer Act, seller, transferor, odometer rollback scams, informed decisions, disclosure, discrepancies, alterations, state laws.
