Bill of Sale Form Template Vehicle [Printable]

Bill of Sale form for Car, DMV, Vehicle, etc in PDF

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Arkansas Car Bill of Sale Form Template [PDF, WORD]

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The Arkansas Car Bill of Sale (DFA) refers to a significant document that can be used to document a car sale in Arkansas. When selling or purchasing a car in Arkansas, you should have an appropriate Arkansas Car Bill of Sale form that can assist in ensuring that the transfer of ownership of car in Arkansas is done properly and correctly.

Arkansas Car Bill of Sale Form Template in Word, PDF – DFA

Arkansas Car Bill of Sale
Official Bill of Sale – Legally Binding Upon Signing
1. BUYER & SELLER INFORMATION
BUYER
Full Name:
Driver’s License #:
Phone:
Email:
Address:
City:
State / ZIP:
SELLER
Full Name:
Driver’s License #:
Phone:
Email:
Address:
City:
State / ZIP:
2. VEHICLE DETAILS
Vehicle Type: (Car / Truck / Motorcycle / SUV / Van / Other)
Year:
Make:
Model:
VIN (Vehicle Identification Number):
Color:
Odometer Reading:
License Plate Number:
Title Number:
Condition: (New / Excellent / Good / Fair / Poor / Salvage)
Engine Size:
Transmission Type: (Automatic / Manual / CVT)
3. PAYMENT TERMS
Agreed Sale Price ($):
Date of Sale:
Method of Payment: (Cash / Check / Bank Transfer / Financing / Trade)
Deposit Paid ($):
Balance Due ($):
Additional Terms:
4. SIGNATURES & ACKNOWLEDGEMENT
By signing below, both parties confirm they have read, understood, and agreed to all terms of this Bill of Sale.
BUYER
Signature:
Print Name:
Date:
ID / License #:
SELLER
Signature:
Print Name:
Date:
ID / License #:
Both parties should retain a signed copy. This form is for general use; consult a legal professional for jurisdiction-specific advice. ©Billofsale.info

Arkansas Car Bill of Sale

PDF

A prepared Arkansas car sale agreement is commonly utilized in Arkansas in the process of car title transfer in Arkansas and car registration in Arkansas. The Arkansas car sale agreement helps both parties avoid confusion by clearly spelling out the car sale conditions in Arkansas. A simple Arkansas car bill of sale template, which contains all the necessary details needed to transfer the ownership of the car smoothly in Arkansas, is preferred by many buyers and sellers.

An average Arkansas car document will provide details like the make, model, year, VIN (Vehicle Identification Number) of the car, odometer reading, and the sale price. It can also state whether the car is being sold as-is in Arkansas, thereby shielding the seller from future claims. This renders the Arkansas Car Bill of Sale form a trustworthy element of any Arkansas car sale procedure.

A clear and detailed Arkansas Bill of Sale for car is a sure way of recording all car dealings in Arkansas in the right manner. It facilitates both the buyer and seller in the process of providing legal evidence of the car sale transaction in Arkansas, assists in DMV paperwork in Arkansas, and serves as a reference in the future.

Arkansas Car Bill of Sale - Complete Laws & Registration Rules

What Is a Bill of Sale in Arkansas?

  • A bill of sale is a simple paper that shows a vehicle was sold from the seller to the buyer. It includes important details about the sale and both parties involved.
  • It is not the same as a title transfer. After buying or selling a vehicle, you still need to transfer the vehicle title separately.
  • If you buy a vehicle from a dealer, the dealer will usually give you an official bill of sale. If you buy from a private seller, both the buyer and seller should prepare and keep their own copy.
  • In Arkansas, there is an official form called Form 10-313 (Bill of Sale / Odometer Disclosure Statement) for vehicle sales. You can download it from the Arkansas DFA website.

When Is a Bill of Sale Required?

  • If the seller wants to claim a sales tax credit after buying another vehicle
  • If there is no empty space left on the vehicle title for the seller to sign it over to the buyer
  • If the vehicle’s purchase price is not written on the title, because the bill of sale will be needed for tax records
  • If the vehicle has an out-of-state title or the title control number is below 3003001

What Must Be Included in the Bill of Sale

  • Date of sale
  • Vehicle description — year, make, model, and VIN (Vehicle Identification Number)
  • Odometer reading at the time of sale
  • Sale price — exact amount paid
  • Name and address of both buyer and seller
  • Signatures of both parties — buyer and seller must both sign
  • Driver's license numbers of both buyer and seller
  • Payment terms — if paying in installments, include a final payment due date
  • Title indication — whether the seller included the title at the time of sale

Legal Rules Around the Bill of Sale

  • Giving false details on a bill of sale is considered a serious crime under Arkansas law.
  • A copy of the bill of sale must be submitted to the revenue office when registering the vehicle.
  • If there is ever a disagreement about the vehicle’s ownership or condition, a completed bill of sale can help as legal proof in court.
  • In Arkansas, a regular car bill of sale does not need to be notarized.
  • Odometer fraud is against the law. No one is allowed to disconnect, reset, or change a vehicle’s mileage reading to show incorrect miles under Arkansas law (Ark. Code Ann. § 4-90-204).

Sales Tax Credit Rules

  • If you sell your vehicle and purchase another one within 45 days before or after the sale, you may qualify for a sales tax credit on the new vehicle.
  • In this case, sales tax is charged only on the difference between the new vehicle’s price and the amount you received from selling your old vehicle.
  • To get this tax credit, inform the staff at your local Revenue Office and submit a copy of the bill of sale while registering the new vehicle.
  • Vehicles given as gifts do not qualify because there must be an actual sale involving money or something of equal value. Insurance claim transfers are also not eligible.
  • If you sell more than one vehicle within the same 45-day period, you can use all of them for the credit, but the total credit cannot be higher than the price of the new vehicle you purchased.

Title Transfer Rules

  • The buyer must complete the vehicle title transfer within 60 days of the purchase date. Late fees may apply after that period.
  • The seller needs to sign the back of the title and write the buyer’s full legal name and address. Both the buyer and seller must sign to make the sale valid.
  • For vehicles from model year 2011 or newer, the seller must provide the correct mileage at the time of sale on the title or on a separate odometer disclosure form.
  • The title transfer fee in Arkansas is $10. You will need the signed title, completed Form 10-381, and valid proof of insurance.
  • If the vehicle still has a loan or lien on it, an Official Release of Lien (Form 10-315) must be completed before the title can be transferred.
  • Sellers must report the vehicle sale to Arkansas within 30 days. This can be done online, by mail, or by visiting a DFA office in person.

Vehicle Registration Rules

  • A vehicle must be titled and registered within 60 days of the ownership transfer or within 60 days after a lien has been cleared.
  • If you recently moved to Arkansas, you must register your vehicle within 30 days of becoming a resident.
  • Driving an unregistered vehicle in Arkansas is considered a misdemeanor. Fines can range from $50 to $250, and the vehicle may also be impounded.

Documents Needed for Registration

  • Vehicle title signed by both the buyer and seller
  • Completed Vehicle Registration Application (Form 10-381), which is used for both registration and title transfer
  • Bill of sale and odometer disclosure form
  • Proof of Arkansas liability insurance for the vehicle
  • Proof from the county assessor showing the vehicle has been assessed or added for assessment for the current year
  • Proof that personal property taxes have been paid, usually shown with a receipt from the county tax collector
  • Signed lien agreement documents if the vehicle is financed or leased
  • VIN inspection proof for salvage vehicles or vehicles brought in from another state.

Registration Fees

  • Registration fees are weight-based:
    • Under 3,000 lbs → $17
    • 3,000–3,999 lbs → $25
    • 4,000–4,999 lbs → $35
    • 5,000+ lbs → $50
  • Sales tax is 6.5% (7% for Texarkana residents) on vehicles with a purchase price of $4,000 or more
  • Title fee: $10 | New plate fee: $5 | Lien fee: $0.50 (for financed vehicles)
  • In-person processing is same-day if all documents are correct. Mail-in applications take up to 4 weeks

Important Reminders

  • Arkansas does not provide a grace period for expired vehicle tags, so it is important to renew them on time to avoid penalties.
  • You cannot register a vehicle in Arkansas without a valid title because registration-only tags are not available.
  • If registration fees are not paid on time, late charges may be added, and the DFA can place a hold on future title transfers until all dues are cleared.
  • Driving an unregistered vehicle during an accident may create problems with your insurance claim, and the insurance company could refuse coverage, making you responsible for the damages.
  • It is always a good idea to keep a copy of the bill of sale for your personal records, taxes, insurance, and any future legal needs.

In conclusion, the Arkansas Car Bill of Sale ensures safety, clarity, and trust in all car sales in Arkansas. With the help of the appropriate car bill of sale Arkansas template, both parties will be able to work with the Arkansas car ownership transfer without any problems or misunderstandings.

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