Arkansas Auto Bill Of Sale With Down Payment
Description
How to fill out Arkansas Automobile Bill Of Sale Package?
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FAQ
All bills of sale in Arkansas, however, must contain the following information:The names, contact information, and signatures and the buyer and seller.The vehicle identification number or VIN.The make, model, and year of the vehicle.The selling price.The purchase date.The odometer reading.
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...
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.
When Sales Tax Is Exempt in Arkansas You can avoid paying sales tax on vehicle transactions in Arkansas if you purchase a used car for less than $4,000.