An Arkansas bill of sale is one of the most important documents that you need to fill out if you plan to buy a car from a private seller or if you are selling your used vehicle to another individual. The bill of sale is the official legal document that serves as proof that the transaction took place. It helps to provide evidence of the sale and is used to show that one person is the owner of the vehicle, if necessary in court or other legal situations. You can obtain a free used car bill of sale form to fill out by contacting your local DMV, and an example of bill of sale is also available at the same location if you have any questions about the process. Read on for a brief overview of how to get a bill of sale in Arkansas, how to fill out a bill of sale and what to do with it when you're done.
How to Get an Arkansas Bill of Sale
The best way to get a bill of sale in the state of Arkansas is to visit your local DMV branch office. They can give you a paper copy of the bill of sale for your use and records. You can also access the Arkansas state DMV website. There you can download a fully printable balnk bill of sale form that you and the other party can fill out together after you've printed it out.
How to Fill out a Bill of Sale
Although the process of completing a bill of sale may sound daunting, in reality it's quite easy to do and can be completed in a short amount of time. You'll need to work together with the other party in order to fill out the bill of sale. Begin by listing both of your names and contact information, including addresses and telephone numbers. Next, list some important information about the car itself. You'll need the make, model, year and VIN for the car, as well as the odometer reading at the time of the sale. Third, you should include the amount of money that you and the other party have agreed upon at the time of sale. Finally, you'll both need to sign and date the bill of sale in order to make it official.
What to Do When You're Done
Now that you've completed the bill of sale with the other party, you will both need to keep a copy of the bill for your records. Do not throw away or lose the bill of sale, as this is your only true legal proof that you've bought or sold the vehicle. You'll need to present a copy of the DMV in your area in order to show that you've completed the transaction before you can re-register the car, transfer the title or complete several other important tasks as well.
If you have questions, ask the DMV.