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.
Odometer Disclosure Statement Arkansas Formulary
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How to fill out Arkansas Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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The Federal Odometer Statement, also known as the Odometer Disclosure Statement (ODS), is a form that is required by the federal government to be completed whenever a motor vehicle is sold or transferred. It is used to disclose the actual mileage of the vehicle at the time of sale or transfer.
I you have a odometer that only has 5 places for numbers the highest mileage it can record is 99,999. SO when it goes past 99,999 it goes back to 00,000 at that point it has surpassed it's mechanical ability to record accurate mileage.
E=Exceeds mechanical limits (the odometer has reached the highest numbers mechanically available and has started renumbering at ?1,? in other words it has ?rolled over?). N=Not actual mileage (the odometer is broken, has been replaced, or the current owner is unsure of the true mileage).
How to Fill in the Vehicle Bill of Sale Section 1. Vehicle Identification Number (VIN) Section 2. Buyer's Name. ... Section 3. Seller's Information. ... Section 4. In an Individual ? Dealer/Seller's Name, Address, City, State, and Zip. Section 5. Purchase Date. Section 6. Description of Vehicle including. Make. ... Section 7.
Odometer Statement. Under federal guidelines, vehicles less than 20 years old must have a fully completed odometer disclosure statement signed by both the buyer and the seller.