Arkansas Auto Bill Of Sale With Payment Plan
Description
How to fill out Arkansas Automobile Bill Of Sale Package?
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FAQ
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).
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.
The law provides for a sales and use tax credit for new and used motor vehicles, trailers, or semi trailers purchased on or after July 28, 2021, if within 60 days either before or after the date of purchase, the consumer sells a used motor vehicle, trailer or semi trailer.
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 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.