#10-313, State of Arkansas Vehicle Bill of Sale form and Odometer Disclosure Statement is an instrument intended to facilitate the transfer of the rights of a motor vehicle from the seller to the buyer. The form requires various inputs pertaining to the motor vehicle and both parties.
Submitting bill of sale form during the request for the title transfer of the motor vehicle in the office of the Department of Motor Vehicles Arkansas State is mandatory. Sale value indicated on the form after the trade-in is decisive for computation of taxes. Please review the document carefully before proceeding as falsification of information or evading taxes is a felony. The notice of the same is available in section 9 of the form.
- #10-313, State of Arkansas Vehicle Bill of Sale form and Odometer Disclosure Statement has 9 sections and inputs are needed in each section.
- Ensure to provide truthful information in section 7, Odometer Disclosure.
- Furnish the particulars in section 8, Sale Price Information carefully as the value furnished here is considered for calculation of taxes for the buyer.
- Signing and executing form #10-313 is binding on both the parties, even when notarization of the document is not mandatory.
Form #10-313 State of Arkansas Vehicle Bill of Sale form and Odometer Disclosure Statement serves dual purpose of quantifying the sale and it provides the odometer disclosure. Insert vehicle identification number in section 1. Provide particulars of buyer like first, middle, and last name along with address, city, state, and zip code in the spaces provided for the same in section 2. You must mark the box in case the vehicle is under the ownership of multiple owners. Skip section 2 if a company owns the motor vehicle.
Section 3 requires the input of company name, address, city, state, and zip code in case a company owns the vehicle. However, proceed to section 4 if an individual owns the vehicle.
Enter the particulars of the seller/dealer like name, address, city, state, and zip code in the respective spaces. Enter the date of purchase in the box provided in section 5.
Section 6, Description of Vehicle Purchased and Vehicle Trade-In seeks input of make, model, year, primary color, secondary color if necessary for the vehicle purchased. Provide particulars like make, model, year, and trade-in VIN in the respective spaces.
Furnish particulars like seller’s printed name and odometer reading. Select between options 7.1 or 7.2 of odometer disclosure if applicable.
Provide full sale price, subtract trade-in, and furnish the amount of net taxable income. Insert printed names of the seller as well as the buyer and sign in the appropriate spaces to complete form 10-313 State of Arkansas Vehicle Bill of Sale form and Odometer Disclosure Statement.
Text version of this Form
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Print Form STATE OF ARKANSAS VEHICLE BILL OF SALE/ODOMETER DISCLOSURE STATEMENT Clear Form
Section 1 – Vehicle Identification Number (VIN)
If buyer is a company rather than individuals, go directly to Section 3 – Company Name.
Section 2 – Buyer Information
First Name Middle Initial Last Name
City, State, Zip
Check this box if there are multiple owners
Section 3 – Company Information
City, State, Zip
Section 4 – Dealer/Seller Name and Address
City, State, Zip
Section 5 – Purchase Date
Section 6 – Description of Vehicle Purchased and Vehicle Trade-In
Vehicle Purchased Make Model Year Primary Color Secondary Color (If applicable)
Vehicle Trade-In Make Model Year Vehicle Identification Number of Trade-In
Section 7 – Odometer Disclosure
I, (sellers printed name) hereby state that the Odometer now reads
(no tenths) miles, and the best of my knowledge that it reflects the actual miles, UNLESS one
of the items below is checked:
1. EXCEEDS MECHANICAL LIMITS – I hereby certify that to the best of my knowledge the odometer reading
reflects the amount of mileage in excess of its mechanical limits.
2. WARNING – ODOMETER DISCREPANCY -I hereby certify that the odometer reading is not the actual mileage.
Section 8 – Sales Price Information – Signatures
Printed Name of Seller
Full Sales Price of Vehicle
Signature of Seller
Printed Name of Buyer
Net Taxable Income
Signature of Buyer
SECTION 9 – WARNING
WARNING: It is a FELONY for any taxpayer to willfully attempt to evade or defeat the payment of any tax, penalty, or interest due under state
law; OR for any person to willfully assist a taxpayer in evading or defeating the payment of any tax, penalty, or interest due under state law.
This form may be reproduced so long as the format and language are not changed from the original. 10-313