Vehicle purchases are among the most prevalent sales in Arkansas, which means they might result in a significant sales tax payment. This article discusses the most relevant components of Arkansas’ sales tax in relation to automobile purchases. The taxation of leases and rentals applies to cars that are rented or leased.
Arkansas charges a 6.5% state sales tax on any automobile that costs more than 4,000 dollars. Vehicles purchased for 4,000 dollars or less are not subject to state sales tax and will not be charged. Arkansas, on the other hand, may have a higher tax rate based on the county and city where the car is acquired.
Aside from taxes, car purchases in Arkansas may be subject to other expenses such as registration, title, and plate fees.
Depending on the kind of vehicle, you must complete and submit a few different pieces of paperwork and payments to have your car or truck registered in Arkansas. Whether you buy a new or used car from a private seller or a dealer, registration is required. If you follow these instructions and prepare ahead of time, the registration procedure should take no more than a few hours.
Your primary responsibilities include:
Proof of identification
Application for Registration/Title
Ownership documentation
… in addition to any necessary vehicle testing and disclosures.
Your car will be registered and tagged at an Arkansas Office of Motor Vehicles location. Failure to register a car on time may incur a $3/10-day late fee as well as a 10% sales tax late cost. The registration process differs depending on whether the car was acquired from a private person or a dealership.
Before we get started, let’s go through the signup requirements:
When registering a car in Arkansas, drivers must obtain auto insurance. Get your insurance ahead of time by shopping around among local insurance companies. If you want to compare prices online, you may go through our list of AR insurance carriers. A car must be registered within 30 days.
After the private transaction, you will title and register your vehicle.
How to Register Your Vehicle in Arkansas
- Go to your local AR OMV office
- provide proof of ownership:
- Manufacturer Origin Certificate
- Lien agreement
- a vehicle title
- Application for Vehicle Registration (10-381)
- Provide the following vehicle disclosures:
- Statement about the odometer (if older than 10 years)
- VIN (if acquired from out-of-state with salvage or equivalent status)
- evaluated or scheduled for evaluation
- Please provide evidence of motor insurance.
- You must pay your registration costs.
Unless you submit a current registration, you will receive your plates and registration paperwork, and those items will be moved to the new car. If you want to register but will not use the vehicle, file an affidavit of non-use to avoid late registration costs.
Out-of-state drivers must register their cars within 30 days of moving into the state.
After establishing residency in Arkansas:
- Visit your nearest AR OMV.
- Please bring your current car registration with you.
- Show evidence of AR vehicle insurance
- Present your title or finance/lien paperwork
- Apply for a Vehicle Registration (10-381)
- Include a bill of sale as well as an odometer disclosure.
- Show proof that your vehicle has been or will be evaluated.
- Demonstrate that you do not owe personal property taxes.
- Display proof of VIN examination.
- You must pay your registration costs.
This may appear tiresome, but if all documentation is in order, it should move swiftly. If you have any unusual conditions or queries concerning the registration, please contact your local AR OMV.
Registration fees and taxes are determined by:
- Weight and kind of vehicle
- Title and plate type are required.
- Municipal and county taxes
Arkansas registration costs are as follows:
- Passenger cars & motorhomes:
- Under 3,000lbs: $17
- 3,001 to 4,500lbs: $25
- 4,501lbs and over: $30
- Trucks & vans: $21
- Motorcycles: $3 (less than 250cc), $7 (more than 250cc)
Taxes on vehicles costing $4,000 or more are normally 6.5% (7% for Texarkana residents). Local taxes vary by area but can be as high as 1% (up to $25). For particular information on your vehicle’s fees and taxes, consult Arkansas’ charge schedule.
Arkansas vehicle insurance coverage requirements are $25,000, $50,000, or 25,000. In the event of a covered accident, your bodily injury limitations are $25,000 per person, up to a total of $50,000 per occurrence. It also provides up to $25,000 in coverage for damage to another person’s property.
If a lawsuit is filed against you as a consequence of a covered accident, liability coverage will pay for your legal defense. As an Arkansas citizen, your insurance policy must include two types of liability coverage: property damage and bodily injury.
- If you are judged legally liable for a covered accident, property damage protects your assets. It protects you against certain types of harm to another person’s property or vehicle.
- If you are held legally responsible for a covered accident, bodily injury protects your assets, including some expenditures linked with physical harm incurred by the other parties.
The new RAM 1500 is a full-size pickup truck with four-wheel drive. It is a fantastic choice for driving in Arkansas since it is tough and can tolerate dirt.
The RAM 1500 is also extremely fuel-efficient, with a highway fuel efficiency of up to 29 miles per gallon. It accommodates up to six passengers and offers a number of conveniences that make it a good choice for Alaska travel. The RAM 1500 beats the Ford F-150 in a few areas despite having a somewhat higher price tag.
Under the hood is a 305-horsepower V6 engine with eTorque mild-hybrid technology that boosts torque during acceleration. This engine is strong enough to be used on a daily basis. For larger carrying needs, a 395 horsepower V8 engine or a 260 horsepower V6 turbodiesel engine are offered. If that isn’t enough, a TRX model with a 702-horsepower V8 engine is also available.
The new Camry is a staple of the midsize sedan category, which has suffered a fall in both entries and sales in recent years as the globe has embraced SUVs. Regardless of market shifts, the Camry has retained its status as the best-selling passenger vehicle for the past two decades. It has a well-deserved reputation for durability, and a hybridized version with great fuel efficiency is available. The modern Camry is stylish, especially with the Nightshade package (which adds bronze wheels for 2023) or the sporty-looking TRD trim. Toyota’s midsize vehicle still has a 301-hp V-6 engine as an option. While it isn’t enjoyable to drive, its safety features, fuel-efficient engines, and spacious cabin make it a capable and easy-to-live-with everyday driver.
The 2023 Nissan Altima is a capable family vehicle with a sleek design, a spacious cabin, and available all-wheel drive. The Altima is available with two four-cylinder engines: a regular 182 horsepower engine and a turbocharged variable-compression unit with 248 horsepower. It is, however, the extent to which the Altima deviates from the norm. It has a continuously variable automatic transmission (CVT) and, depending on how you adjust it, is more polite than zippy. The Altima is a non-hybrid car that gets 39 mpg on the highway, according to the EPA. This car is simple to live with owing to its large cabin, pleasant seats, optional 12.3-inch touchscreen screen, and a fair variety of basic safety features.
The 2023 new Honda Accord‘s magnificent design is undoubtedly the most beautiful ever seen on Honda’s legendary family car. The hybrid engine has become a more important component of the Accord portfolio for this generation, with the exception of the two cheapest variants. The LX and EX have the same 192-hp turbocharged 1.5-liter four-cylinder gas engine as the previous model, and they only have a continuously variable automatic gearbox (CVT). The higher trim levels are all powered by a new 204-hp four-cylinder hybrid engine derived almost completely from the CR-V.
The Accord’s interior has been updated with design features drawn from the previously remodeled Civic, CR-V, and HR-V, such as honeycomb-patterned dash trim that conceals the air vents and a freestanding rectangular infotainment display that emerges from the instrument panel’s top. The 2023 Accord gets a slew of technical upgrades, including a new standard digital gauge display and a 12.3-inch infotainment screen with Apple CarPlay and Android Auto.
The new Ford F-150 is a well-known truck on the road, and Arkansas residents favor it over any other car on the market. With a maximum pull rating of 14,000 pounds and a payload capacity of more than 3,300 pounds, it dominates this ultra-competitive utility industry. There are no weak links in its outstanding powertrain lineup, which comprises normally aspirated V6 and V8 engines, brawny twin-turbo V6s, and a low-cost hybrid option. The ride and handling are well-balanced, the interior is roomy and opulent, and the entertainment amenities are simple.
Good To Know Before Buying A Car In Favorite State In USA
