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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...
The state of Arkansas DOES require a Certificate of Title in order to transfer ownership of your vehicle. The state of Arkansas REQUIRES that your title be notarized in order for the transaction to be valid.
When you privately sell a car in Arkansas, the Bill of Sale does not need to be notarized.
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.
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.