Bill of Sale

The bill of sale is the basic agreement between the vehicle buyer and seller. There are certain components to the bill of sale that make the contract or agreement a legal, binding document.

Bill of Sale Components

Because the bill of sale is a legal document used in titling, registering, and perhaps financing your car, you need to understand it. Your bill of sale should include:

• Buyer name and address

• Seller name and address

• Vehicle description

• Vehicle identification numaber

• Selling price

• Accurate odometer reading at time of sale

• Warranty, if any

• Signatures of buyer(s) and seller(s)

If you buy your car from a dealership they will provide the bill of sale. When a car is bought or sold in a private sale, the seller typically provides the bill of sale.

Uses for the Bill of Sale

You need a bill of sale when registering and titling your vehicle. If you are financing your car the lender will want to see the document.

Paying your property tax, based on the vehicle assessment, is done using the bill of sale. When you register your new vehicle, the sales and use tax must be paid.

If you experience problems with the car after the sale, refer to the bill of sale for warranty information. Persistent problems may qualify the car as a lemon, under the lemon law. Consult with an attorney to make sure the terms of the bill of sale are being honored.

Generic Bill of Sale

If you have trouble downloading the Arkansas Bill of Sale form, we provide links to generic forms from our sponsors.