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Contact information for the buyer, including name, address, and phone number. A detailed description of the item being sold, such as the serial number, make, model, color, description, features, faults, and any other important identifying information. The agreed-on price and payment details. Method of payment.
Arkansas Car (Vehicle) Bill of Sale You'll need to include basic personally identifying information on a bill of sale for a motor vehicle: name, address, and driver's license numbers for both buyer and seller. You'll also need to indicate if the seller included the title at the time 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.
A bill of sale is only required by the OMV when: There is no more room on the title for the seller to sign. The seller applies for the vehicle sales tax credit and must prove that the vehicle was sold 45 days before or after they acquired a new vehicle.
That might get you to wonder if a handwritten bill of sale is legally binding. Handwritten bills of sale are indeed contractual agreements ? so long as they have the right elements.
If you're new to Arkansas or just bought a motor vehicle, you'll need to get it registered within 60 days. Do that and apply for your title, transfer your license plate and pay sales tax right here in just 15 minutes.
How to Sell a Car in Arkansas Step 1: Allow the buyer to have the car inspected by a third party. Step 2: Organize and gather all related vehicle documentation. Step 3: Bill of Sale and odometer disclosure. Step 4: Transfer the title. Step 5: Remove your plates and cancel your insurance.