Arkansas until 2 months ago was a vintage bike buyers dream. No title? So what. You insure the bike, register it as an antique and 2 weeks later a brand spankin' new title was in your mail box. That easy.
Well that's over, they've got wise to the game. They want that bonded title money. Here's the recently updated law:
http://www.dfa.arkansas.gov/offices/motorVehicle/Pages/specialityPlateDetails.aspx?show=4Here's the interesting bit on what is necessary for an antique tag:
a) The previous title, if available, or if not, bills of sale reflecting the year, make, model, and vehicle identification number; OR b) If the vehicle is assembled from a variety of sources, the owner may present bills of sale for the principal parts. The bills of sale should indicate the source and include the motor or body serial number. If only one bill of sale is presented, the customer will be informed that he or she must use the Bonded Title Procedures for issuance of title.Pretty black & white - no previous title in your name = (expensive) bonded title
But is there a loop hole in this? I'm thinking so.
This bit -
"If only one bill of sale is presented, the customer will be informed that he or she must use the Bonded Title Procedures for issuance of title" - implies to me that, when taking this part into consideration -
"b) If the vehicle is assembled from a variety of sources, the owner may present bills of sale for the principal parts. The bills of sale should indicate the source and include the motor or body serial number." - theoretically you could show up with 2 bills of sale; one for the bike and another for a second major component, ie motor. The way I read this is 2 bills of sale = title.
Anyone see flaw in the logic? It makes sense to me. There are guys building bikes from scratch. The change in the law seems to be aimed at guys buying complete cars or bikes that are 25 years old (which is only the mid-1980's) without titles and getting new ones basically for free, outside the bonded title process. Maybe I'm overlooking something. This will be a major pain in my ass if I have to add the bonded process to my already marginal profits from bikes I've cleaned up cheap and sold.