Arkansas Auto Bill Of Sale Form
Description
How to fill out Arkansas Automobile Bill Of Sale Package?
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FAQ
Complete, sign, and date the Arkansas vehicle title as the seller Provide the buyer with an Official Release of Lien or Permission to Issue a Replacement Title (Form 10-315) and all other applicable documents. Provide an Odometer Disclosure Statement (Form 10-313) IF the vehicle is less than 20 years old.
You can supplement, but not replace, the title with a completed Bill of Sale Form. So don't accept only a Bill of Sale in place of a title! The Arkansas Office of Motor Vehicle will accept a completed title instead of a Bill of Sale Form, as long as the title includes all the required information (see above).
When you buy or sell a motor vehicle, you'll need a Bill of Sale. This serves as a legal receipt from the seller to the buyer documenting both the change in ownership and the purchase price.
On this form, you enter basic vehicle information like the year, make, and model plus the odometer reading, the purchase price, and signatures from both the buyer and the seller. While a bill of sale isn't required for every private party vehicle sale in Arkansas, it's always a good idea to have one.
A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...