An Arkansas Motorcycle Bill of Sale form is a document that outlines a sales transaction of a motorcycle between private parties.
What Is an Arkansas Motorcycle Bill of Sale Form?
An Arkansas motorcycle bill of sale documents the transfer of ownership of the motorcycle from the seller to the buyer.
It includes pertinent information about the parties, such as their full names and addresses.
It also includes information about the motorcycle itself, including the make, model, year of manufacture, and more.
Is a Motorcycle Bill of Sale Form Required in Arkansas?
A motorcycle bill of sale form can be used in Arkansas as proof of ownership, particularly for the purposes of titling and registration with the Arkansas Office of Motor Vehicles.
Do You Need a Bill of Sale to Register a Motorcycle in Arkansas?
For motorcycle title and registration, you will need the following:
- Primary document (Arkansas title, bill of sale, out-of-state title)
- Proof of insurance
- An odometer disclosure statement
- A copy of your valid driver’s license.
- Proof that any applicable registration fees have been paid.
- Proof that any existing liens on the motorcycle have been paid.
Additionally, the state of Arkansas requires proof that minimum liability insurance coverage requirements have been met.
This includes $25,000 for bodily injury per person, $50,000 per accident, and $25,000 for any property damage that may occur.
How Do I Transfer Ownership of a Motorcycle in Arkansas?
Transferring ownership of a motorcycle in Arkansas can be done online with Arkansas’s myDMV.
Locate the “Transfer Vehicle Ownership” section on the site and follow the instructions.
Motorcycle Title Transfer in Arkansas With a Bill of Sale Only
In most instances, transferring a motorcycle title with only a bill of sale is not possible in Arkansas.
Does an Arkansas Motorcycle Bill of Sale Need to Be Notarized?
An Arkansas motorcycle bill of sale does not need to be notarized to be considered valid.
Buying and Selling a Motorcycle in Arkansas
Meeting With the Potential Buyer
The first step toward buying and selling a motorcycle in Arkansas should involve a meeting between the two parties.
From the point of view of the seller, it’s always important to confirm that they have found a buyer who is serious about continuing to avoid wasting anyone’s time and effort.
For the buyer, this is an opportunity to make sure that the proposed sale is legitimate and to make sure that the motorcycle lines up with the description that was previously provided.
Finalizing the Details
At that point, the details of the transaction can be finalized. Topics of discussion should include the sale price.
You’ll also want to talk about the date upon which the sale will take place, along with when the necessary forms will be filled out and submitted.
How to Write a Motorcycle Bill of Sale in Arkansas
Step 1 – Fill in Buyer and Seller Information
First, begin by making sure that all information about the buyer and seller is accurate.
Note that there are spaces to fill in the full names, addresses, and contact information.
All parties involved will have to sign and date the bottom of the form.
Step 2 – Fill in Motorcycle Information
Supply details about the motorcycle, such as the make, model, year of manufacture, color, vehicle identification number (VIN), and odometer reading.
There are also areas on the bill of sale for the purchase price and method of payment.
Summary
An Arkansas motorcycle bill of sale is an essential document, and when properly completed, it can avoid potential issues in the purchase and sale process.
To make things easier, use our motorcycle bill of sale template.
Arkansas Motorcycle Bill of Sale Sample
Below is an example of what an Arkansas motorcycle bill of sale looks like.
