A contract is based upon an agreement. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. There must be both an offer and an acceptance. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Arkansas Offer to Purchase Automobile - Selling Car
Instant download
Description
Free preview
How to fill out Offer To Purchase Automobile - Selling Car?
If you wish to finish, obtain, or generate valid document templates, utilize US Legal Forms, the premier collection of legal forms, available online.
Take advantage of the website's straightforward and convenient search tool to find the documents you need.
A range of templates for business and personal use are categorized by type and state, or keywords.
Step 4. Once you have located the form you need, click on the Purchase now button. Choose the pricing plan you prefer and enter your details to create an account.
Step 5. Complete the transaction. You can use your Visa or MasterCard or PayPal account to finalize the transaction.
- Use US Legal Forms to access the Arkansas Offer to Purchase Automobile - Selling Car with just a few clicks.
- If you are currently a US Legal Forms user, sign in to your account and click on the Download button to get the Arkansas Offer to Purchase Automobile - Selling Car.
- You can also find forms you've downloaded previously in the My documents section of your account.
- If you are using US Legal Forms for the first time, follow the steps below.
- Step 1. Ensure you have selected the form for the correct city/state.
- Step 2. Use the Preview option to review the form's content. Don't forget to check the summary.
- Step 3. If you're not satisfied with the form, use the Search field at the top of the screen to find alternative versions of the legal form template.
Form popularity
FAQ
Once you've signed on the dotted line of your purchase agreement, the car is yours. Provided, of course, that the agreed payment to the dealer has been registered in the dealer's bank account. Cash is king, said a dealer that AutoTrader approached with this question.
When you purchase a car in Arkansas, you must obtain the following documents from the seller:The certificate of title with your signature and that of your seller.An invoice or bill of sale that shows the vehicle purchase price.Vehicle details such as VIN.An odometer statement.More items...?
The sales tax sits at 6.5% for used vehicles. Arkansans do not have to pay the sales tax on used vehicles that cost fewer than $4,000.
Checklist for buying a car from a private sellerBefore seeing the car, look up the fair market value of the vehicle using Kelley Blue Book.Ask the seller for the mileage on the car so you can do your research.Ask the seller for service records.Check the registration.Deal with local sellers, if possible.More items...?
Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Whether you use a Bill of Sale or the back of the Title, you should always include both the buyer's and seller's names, addresses and signatures. Also be sure to include the sale date, the VIN number, the vehicle's make, model and year. Finally, note the odometer reading and the price paid.
When Sales Tax Is Exempt in Arkansas You can avoid paying sales tax on vehicle transactions in Arkansas if you purchase a used car for less than $4,000.
Bills of sale do not require notarization. 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.
Cash payments Safe, swift and easy, cash can be a compelling argument when you want a vendor to accept a lower than advertised deal on the spot. However, it's not always safe to carry wads of cash around for you or the vendor so bank transfers or drafts are preferable, especially for more expensive cars.
Is there a cooling off period on vehicle purchases in the State of Arkansas? Dealers are not required by law to give car buyers a three-day right to cancel. The right to return the car in a few days for a refund exists only if financing is not approved. However, some dealers may, by contract, offer a right to cancel.