Arkansas Automobile Bill of Sale
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Form to use when buying or selling a vehicle in Arkansas. Includes Odometer Disclosure Statement - Use for the sale of cars, vans, trucks, trailers or motorcycles.
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This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this Automobile/Vehicle Bill of Sale packet since federal law mandates that the seller state the mileage upon transfer of ownership.
These important provisions are included in this All Automobile / Vehicle Bill of Sale:
- Consideration paid: This provision states the amount paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Seller's and buyer's name / address: Locates and identifies the parties to this sale in the event of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number: Identifies the vehicle being sold;
- Ownership Covenant: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.
Protect your Rights and Property, by using our professionally prepared up-to-date forms.
This attorney-prepared packet includes:
- Instructions and checklist for Automobile / Vehicle Bill of Sale
- Information for Automobile / Vehicle Bill of Sale
- All Automobile / Vehicle Bill of Sale
- Odometer Disclosure Statement
Arkansas Automobile Bill of Sale
Product Details
| Product | Arkansas Automobile Bill of Sale |
| Country | United States |
| Pages | 4 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Automobile Bill of Sale |
| Product number | #16152 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
An Arkansas Automobile Bill of Sale is a legal document used to record the sale and transfer of ownership of a vehicle in Arkansas. It includes important details such as the buyer's and seller's information, vehicle description, and the sale price.
Yes, federal law requires that an Odometer Disclosure Statement be included when transferring ownership of a vehicle. This statement verifies the mileage on the vehicle at the time of sale.
This form is suitable for various types of vehicles, including cars, trucks, vans, motorcycles, and trailers. It is designed to accommodate the essential details for each type.
If the vehicle has a lien, it is crucial to disclose this information in the Bill of Sale. The seller must ensure that the lien is satisfied before transferring ownership to the buyer.
Yes, once both parties sign the Arkansas Automobile Bill of Sale, it becomes a legally binding contract that outlines the terms of the sale and protects the rights of both the buyer and seller.
Is This Form Right For You?
Use This Form If:
- Individuals who are purchasing a used vehicle in Arkansas need this form to ensure that the transaction is legally documented. This protects both the buyer and seller by providing proof of the sale and the terms agreed upon.
- Situations requiring the transfer of ownership of a vehicle, such as selling a car to a friend or family member, necessitate the use of this Bill of Sale. It serves as a formal agreement that outlines the details of the sale, which can be crucial in case of future disputes.
- For those who are selling a vehicle, having a Bill of Sale is essential for accounting and tax purposes. This document can help the seller demonstrate that the vehicle was sold and can assist in reporting any income from the sale.
- When a vehicle is being sold that has a lien or is financed, the seller must use this form to disclose any encumbrances. This protects the buyer from acquiring a vehicle that may still be under financial obligation.
- In cases where a vehicle is being gifted rather than sold, this form can still be utilized to document the transfer of ownership. It provides a clear record of the transaction, which can be important for both parties.
Do Not Use If:
- – This form is not appropriate for vehicles that are not being sold or transferred. If you are simply looking to lease a vehicle or are involved in a trade, a Bill of Sale is not necessary.
- – In situations where the vehicle is being donated without any exchange of money or consideration, a different form may be more suitable to document the gift.
- – If the vehicle is being sold in a state other than Arkansas, this form may not comply with the legal requirements of that state and could lead to complications in the transaction.
- – For vehicles that are being sold as part of a business transaction or dealership, a more complex sales agreement may be required to meet commercial standards.
- – If the seller does not have legal ownership of the vehicle or if there are unresolved liens, using this form could lead to legal issues and is not advisable.
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