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In order to get the title to transfer to the new owner you will need to following documents and information: Completed Arkansas title with the sellers and buyers names printed, signed and dated on all required areas. Vehicle Identification Number. Bill of sale.
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper.
While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper.
FAQ: About the Arkansas Bill of Sale Purchase date. Buyer and seller contact information. Property description. Purchase amount. Lien information. Terms and conditions. Signatures of buyer(s), seller(s), and witness(es)
In Arkansas, a bill of sale is required to register any newly purchased boat or vehicle and may need to be notarized. Once the necessary bill of sale has been completed with the buyer and seller's information, both parties must officially sign the document to transfer ownership of the item.
(c) In the case of a violation, the department shall terminate the suspension upon payment by the owner of the motor vehicle of a reinstatement fee of one hundred dollars ($100) and submission of proof of current insurance as verified through the online insurance verification system.
In most cases, a completed title is sufficient to register a car to a new owner in Arkansas. However, if there is no more room on the title to record the sale, or if the seller wants to claim a tax credit towards the purchase of a new vehicle, the seller should fill out a Bill of Sale.