What Is an Arkansas Vehicle Bill of Sale?
An Arkansas vehicle bill of sale records the transfer of ownership of a vehicle from one party to another. The bill of sale clearly identifies the buyer and seller to make it clear who’s receiving the vehicle. With this document, the seller won’t have to take on any tickets or unpaid tolls once the vehicle goes to the buyer.
It also outlines the purchase price and vehicle details, such as the current odometer reading. Both the buyer and the seller are required to sign the document.
When Is an Arkansas Vehicle Bill of Sale Required?
An Arkansas car bill of sale is required in certain situations, like when registering a vehicle that doesn’t have a title. In this situation, the seller must provide a bill of sale and Form 10-313 (Odometer Disclosure Statement). Note that this is only a temporary solution, as the buyer will still need to get a title from the Arkansas Department of Finance and Administration (DFA). The buyer must also complete Form 10-381.
Other instances when a vehicle bill of sale is necessary are when there is no more space on the vehicle title for sales price information or if the seller is applying for a vehicle sales tax credit. Even if your situation doesn’t mandate a vehicle bill of sale, it’s still recommended that you write one, as it can protect the buyer and seller from additional issues with the car.
Does an Arkansas Motor Vehicle Bill of Sale Need to Be Notarized?
A vehicle bill of sale for Arkansas does not need to be notarized. However, you should consider getting notarization for additional security.
A notarized bill of sale for a car can be helpful in certain situations. For example, it can let a buyer drive a used vehicle before they register it if they carry it with them (AR Code § 27-14-701).
Arkansas Vehicle Bill of Sale Sample
View our free Arkansas vehicle bill of sale form to understand the different elements. Then, create your own using our guided form and download a copy as a PDF or Word document.
