Selling a Car in Arkansas
When you’re selling a vehicle in Arkansas, there are some very specific requirements that you must meet. We’ve collected the appropriate information here so you can make certain that when the time comes for you to sell your vehicle in the state, all goes smoothly.
1. Title Information
First, make sure that you actually own your vehicle in its entirety. In Arkansas, you can only sell a vehicle if you have total ownership of it (in other words, only if any loan on the vehicle has been paid off). If you had a lien on the vehicle, make certain a lien release was submitted when the lien was finished.
Second, make sure that you have the actual title. If you are unable to find the title, you’ll need to ask for a replacement title from the Arkansas Motor Vehicle Division. The reason you need an official title is because you will be signing the title as proof of the transfer of ownership from you to whomever buys your vehicle. Make sure you fill out the title transfer section of the title completely. After all, you certainly don’t want to accidentally end up still owning the vehicle and being liable for anything the new driver does with it.
2. Bill of Sale Requirements
Arkansas requires you to put together a Bill of Sale when you sell a vehicle. The Bill of Sale must include these elements:
- The new owner’s name
- The full address of the new owner
- The seller’s name
- The full address of the seller
- The date of the sale
- The sale price
- A full and detailed vehicle description, including the vehicle’s make, model, year, series number (if applicable) and body type (2-door, 4-door, sedan, etc.)
- The vehicle identification number (VIN) if the vehicle you’re selling is from out of state
- The vehicle odometer reading at the time of sale
- The seller’s signature
It is not required, but you may wish to have the signature notarized for added proof that you are the owner and can legally sell the vehicle, as well as to increase your vehicle’s value.
Also be aware that the sale of your vehicle is taxable in Arkansas and that the value of the vehicle determines the tax. That makes this Bill of Sale’s accuracy very important.
Additionally, check the back of the title. If the control number on the back is less than 3003001, the Bill of Sale must be separate from the title. If the number is equal to 3003001 or higher, you can simply fill out the Bill of Sale information on the back of the title.
Arkansas does not require vehicle inspections or emission testing but does require vehicles to be currently registered before they can be sold. Therefore, you must make certain that your vehicle’s registration is up to date. And be aware that before you can register the vehicle, it must be assessed by the appropriate county assessor and property taxes must be paid.
4. License Plates
In Arkansas, when you sell your vehicle, you must leave the license plates on it for the new owner.
5. Odometer Disclosure Requirements
In Arkansas, you are required to disclose the odometer reading on your vehicle when you are selling the vehicle and it is 10 years old or newer. Just as with the Bill of Sale, if the control number on the back of your title is less than 3003001, you must submit a separate Odometer Disclosure Statement (for ease, you can use a combination form for both the Bill of Sale and the Odometer Disclosure). If the number is 3003001 or higher, you can simply fill in the appropriate space on the back of the title.
6. Other Information
If you have questions or want more details on anything relating to vehicle sales, check out the website for the Arkansas Motor Vehicle Department.