You bought a car, now what? Here’s some things to remember after you’ve purchased a new (or new to you) vehicle.
- Cancel any scheduled payments for the vehicle you traded. This seems like a no brainer, but I’m always surprised at the simple things I over look when something big happens in my life. Buying a new car is a big deal.
- Also, if you had satellite radio in your old car..you’ll want to stop that bill.
- Re-Assess. Call your local assessor’s office & re-do your assessment. Nowadays you can call or go online and they’ll mail or even email it to you.
http://www.countyservice.net/default?c=Sebastian or 479.783.8948
*side note: I don’t like the DMV anymore than anyone, but I do know you kill more bees with honey, and kinder is always better…so don’t go in with a bad attitude. Go into the DMV with the conquering kindness that encourages every DMV worker that they too can have a great day and TODAY is that day! 🙂
4. What to take to the DMV?? (the following is copied from a site I found this info on…and it should be so simple 🙂 )
To complete your car registration, you must go in person to any AR OMV revenue office and submit the following:
- Proof of ownership, such as:
- Manufacturer’s Certificate of Origin (MCO) signed over to you (if purchased new from a dealership).
- Vehicle title, signed by both you and the seller of the vehicle (if purchased or transferred from a private party).
- A signed copy of your lien agreement, if you are registering a leased or financed vehicle.
- A completed Vehicle Registration Application (Form 10-381) which acts as both registration and titling application.
- Odometer disclosure statement on the back of the title for vehicles less than 10 years old. Or a State of Arkansas Vehicle Bill of Sale Odometer Disclosure Statement Form (Form 10-313)
- If the title’s control number is less than 3003001, or it is an out-of-state title, you will need to submit a separate State of Arkansas Vehicle Bill of Sale Odometer Disclosure Statement Form (Form 10-313). You can also pick these forms up at your local revenue office.
- Proof of VIN verification, if you’re registering a vehicle purchased from out of state with a Salvage or similar designation (please see “Arkansas Vehicle Inspections” below).
- Proof from your county assessor that your vehicle has been assessed or islisted for assessment within the current year.
- Proof that you have paid all personal property taxes. Examples are:
- A county tax collector receipt.
- A stamp on your assessment papers that certifies your tax payment.
- Proof of AR auto insurance.
- Payment for your registration fees (see “Arkansas Vehicle Registration Fees” below).
- Your current AR car registration certificate, if you plan to transfer your license plates from your old vehicle to your new vehicle (see “Tag Transfers in Arkansas” below).
Feel free to contact your local AR OMV revenue office if you have questions about completing your car registration.
5. How much is it going to cost?
The Arkansas OMV registration fees are calculated based on such things as:
- The gross weight of your vehicle.
- The type of vehicle you own (e.g. motorcycle, truck, car, etc.).
- Title fees (please visit our “AR Title Transfers” page for fees specific to titling).
- License plate type.
- City and county taxes.
While your specific totals may differ based on the above variables, the base vehicle registration fees and taxes in Arkansas are:
Title & Registration Fees
- Passenger cars and motor homes:
- 3,000 lbs. and under: $17.
- 3,001 to 4,500 lbs.: $25.
- 4,501 lbs. and over: $30.
- Trucks and vans: $21.
- Less than 250 cc: $3.
- 250 cc or more: $7.
- 6.5% of the taxable price of any vehicle with apurchase price of $4,000 or more.
- For Texarkana residents, sales tax is 7%.
- Local taxes, if required based on where you live.
- Local taxes will not be more than $25 for each 1% of the tax due.
There is also a standard validation decal fee that will apply to all vehicles.
Review the AR OMV’s Fee Schedule to determine how much you will be expected to pay, and feel free to contact the OMV at (501) 682-4692 for help calculating your fees.
Late Registration Fees
Remember, you have 30 days to register your vehicle. After that time period, you will be subject to the following late registration fees:
- Late registration: $3 for every 10 days you do not complete your registration.
- Late payment of sales tax: 10% of the amount you owe for your sales tax.
Tag Transfer Fee
The cost to transfer your registration (i.e. transfer tags & license plate) to another vehicle you own is $1.
You must also pay the difference in fees if you are transferring your registration to a vehicle in a higher weight class (e.g. a car registration to a truck or van).
Unfortunately, there are no refunds for transferring from a higher weight class vehicle to a lower weight class (e.g. half-ton truck to car).
Every time I go to the DMV I have to call and ask what to bring because I can’t remember from one time to the next. I was hoping this info would help. 🙂
Also, if you need help with any technology in your new vehicle just give us a call and we will be happy to walk you through it on the phone or set up an appointment to show you. Our number is 479-646-8600, you can ask for your salesperson or any member of the VIP team can help you out. We also have some videos make like How to Pair Your Smartphone on our youtube channel. We should make more of those so if you have a suggestion for one you would like to see let me know. email@example.com.
6. Lastly, put those new tags on your new car, get in, fire her up, take a deep breath and SMILE because you have a new car!
And if you bought from HRBG you can win FreeGasFriday too! We giveaway $50 in free gas once a week to one of our customers.
If you think of anything I’ve left off this list let me know.
4 thoughts on “6 Things to Remember After You Buy A New Car”
Only a $1 fee can’t be that bad to transfer your tags and registration. I think that’s a pretty good deal. And at least you don’t have to buy new registration or tags or things like that!
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Considering that buying a car is such a huge investment it really does help to know what you need to do to finish all of the paperwork. That’s why I love that this article goes into such great depth about what you need to do to get the vehicle properly registered. After all, even if you buy the car, you still don’t really own it until the registration is completed.
Thank you. I wanted to go into as much detail as possible because if there’s one thing I’ve learned; if you don’t know something, you don’t know. Meaning the first time I bought a car, I didn’t know what I needed to do, and probably by the time I bought my second I’d forgotten. 🙂 Thanks for the nice comment.