The Federal Odometer Act, 49 U.S.C. Chapter 327 (Public Law 103-272), prohibits disconnecting, resetting, or changing the odometer of a motor vehicle with the intent to change the number of miles specified on it. The law requires the seller to provide the buyer with a written disclosure of the mileage recorded on an odometer regarding ownership of the vehicle when ownership of a vehicle is transferred. If the odometer mileage is incorrect, the law requires the buyer to receive a corresponding declaration of ownership. However, vehicles ten years of age and older are exempt from the written disclosure requirement. An odometer disclosure statement is simply an explanation of a vehicle`s mileage as indicated by its odometer, and whether or not it is an accurate reading. If you`ve ever sold a car, you`ve actually completed a general odometer disclosure statement. Get a signed title from the seller. Get a lien release from the seller if there are any privileges on the car. Get a purchase agreement and a declaration of disclosure of the seller`s odometer. Complete the vehicle registration application.
Form 10-313 is the standard document for all vehicle sales that take place in the state of Arkansas. This form meets the requirements of the purchase contract and is suitable for both individuals and companies. The purchase agreement includes the Vehicle Identification Number (VIN), buyer/company information, dealer/seller name and address, date of purchase, description of the vehicle purchased and exchange vehicle, odometer disclosure, sale price and signatures of the parties. In addition, the form warns the parties not to circumvent or circumvent the payment of taxes, interest or penalties; Otherwise, they could face criminal charges. This form is not as formalized as an act or title, but it still represents a registration of the vehicle sold. In addition, it includes the mileage ratio that both the seller and the buyer can confirm. The transfer of ownership can only take place when the odometer disclosure is complete. It is also necessary to certify whether the mileage does not represent the actual mileage causing the mileage difference. Form 10-313, Vehicle Bill of Sale/Odometer Disclosure Statement is a vehicle purchase agreement issued by the Arkansas Department of Finance and Administration. The document describes the information about the sale and purchase of the vehicle and discloses the correct mileage at the time of the transfer of ownership. An Arkansas Motor Car Sales Deed (Form 10-313) is a document that serves as legal proof that a motor vehicle has transferred ownership.
The form conveniently includes an odometer disclosure statement, which is usually separate. New owners must present a legal purchase agreement to register the vehicle. The performance and condition of the vehicle alone are not necessarily indications of odometer manipulation. Factual evidence, i.e. statements from previous owners, repair receipts, gas station stickers or other documents proving a mileage discrepancy, must be obtained. If your vehicle was previously in possession, we recommend that you contact your vehicle`s title and registration office and obtain all title and ownership transfer documents relating to your vehicle. You should then contact previous owners to determine and document the actual mileage of the vehicle. This automobile purchase agreement contains the following information: the make/model of the vehicle, chassis number and other information. The seller guarantees that the property is his own and is free from any claim and compensation of any kind whatsoever. The form also contains the odometer disclosure declaration, which is required by federal law and, if applicable, state law and must be signed in the presence of a notary. airSlate Legal Forms, Inc.
Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska. Can I sell an untitled car in Arkansas? The Arkansas DFA requires a title for vehicle sales. If your title is lost, duplicate titles can be obtained from the Arkansas DFA. Registrants can register in person at the Motor Vehicle Bureau. However, the new registration of vehicles can easily be completed online. In Arkansas, a purchase agreement is required to register any newly purchased boat or vehicle and may need to be notarized.