Selling a car in Arkansas
requires completing some paperwork, signing and transferring the title, signing a bill of sale and odometer disclosure, removing your plates, and canceling your insurance
. While selling a car in a private sale can seem daunting, it’s pretty easy if you understand the steps you need to follow. Each state has unique rules and requirements to sell a car and properly transfer ownership—and if you don’t follow the steps correctly, you could find yourself liable for the vehicle even after the buyer drives away.
What you need to sell a car in Arkansas
If you want to sell your car privately in Arkansas, you’ll need to gather all necessary forms and documentation. The DMV requires certain documentation to complete the change of ownership, including:
Signature of any lienholder(s)
Getting a pre-sale inspection
Arkansas recommends—but does not require—a third-party car inspection
of any vehicle being sold, performed by a qualified and licensed auto mechanic. The buyer should pay for this service. Both you and the buyer should agree to a time and place for the inspection to take place—and you should both keep a copy of the inspection report for your records.
Documenting the sale
If the title has a space on the back for the vehicle’s odometer reading, you won’t need a bill of sale. If the title is too old or has no space for the odometer reading, use an official Arkansas Bill of Sale & Odometer Reading Statement
. Either this statement or the title will include basic information about the vehicle, buyer, and seller:
Seller name, address, and signature
Buyer name, address, and signature
Signing the title over
To sign a title over in Arkansas, you and the buyer must fill out all relevant sections on the vehicle’s certificate of title, including:
Legal names, addresses, signatures of both buyer and seller
The signatures of all owners are required when joint ownership is connected with “AND” on the title. Only one seller’s signature is required if ownership is denoted by “OR”.
Finding affordable car insurance
Once you’ve got your vehicle compliant with Arkansas’ selling laws, make time to cancel your existing car insurance. After that, it might be time to upgrade and ensure your new vehicle is in line with the state minimum requirements
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