How to title a hot rod
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If one has the VIN, and a Manufacturers Certificate of Origin, the only thing needed is to pay car value sales tax. And the registration cost, to transfer the title from the manufacturer to the owner. On my kit 23 T Bucket it cost approx. $1400.00. And took about two hours at the MVD, with only a verification of the vehicle. | If one has the VIN, and a Manufacturers Certificate of Origin, the only thing needed is to pay car value sales tax. And the registration cost, to transfer the title from the manufacturer to the owner. On my kit 23 T Bucket it cost approx. $1400.00. And took about two hours at the MVD, with only a verification of the vehicle. | ||
| + | There are three methods available to title a hot rod in Arkansas. Which one to use depends upon the vehicle, it's title history and personal preference. | ||
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| + | 1. Bonded Title | ||
| + | In this method the owner must first get a form signed by a licensed police officer verifying the VIN of the vehicle to be titled. The owner must then file with the state for a bonded title. | ||
| + | When the state returns a “Letter of approval” and assigns a value to the vehicle the owner must then post a bond with a corporate surety bond, certificate of deposit | ||
| + | with assignment, or an irrevocable letter of credit filed with the Commissioner | ||
| + | within thirty (30) days from its effective date, '''for an amount equal to one and one | ||
| + | half (1 ½) times the value of the vehicle as determined by the Commissioner'''. | ||
| + | The bond,certificate of deposit and assignment or letter of credit shall be delivered | ||
| + | to the Commissioner, and accompanied by: | ||
| + | (a) an application for registration and issuance of a | ||
| + | certificatee of title to the vehicle signed by the vehicle | ||
| + | owner; | ||
| + | (b) a letter from the Commissioner granting authorization | ||
| + | to apply for a bonded title; | ||
| + | (c) any additional documentation otherwise necessary to | ||
| + | comply with specific statutory requirements for | ||
| + | registration and issuance of a certificate of title to a | ||
| + | vehicle (the form from the police officerbeing part of this) | ||
| + | (d) the payment of all requisite fees and taxes for the | ||
| + | registration and issuance of a certificate of title to a | ||
| + | vehicle. | ||
| + | A bonded title will then be issued. | ||
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| + | 2. Petition to quiet title. | ||
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| + | Citizens of certain counties can petition the county court to have a judge "quiet the title". | ||
| + | This also requires the the owner to first get a form signed by a licensed police officer verifying the VIN of the vehicle to be titled. Aterward a petition is filed for quiet title with the court. In Boone County this petition costs $150. It requires the bill of sale and the appropriate forms. | ||
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| + | 3. Manufactured vehicle | ||
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| + | Under Arkansas DMV regulations a vehicle can be assembled from a body or frame of a previously registered vehicle and the body or frame of another provided that you have one vehicle registered and have appropriate documentation (registration or bill of sale) for the other. The resulting vehicle is considered a "manufactured vehicle" and is registered like any other vehicle. | ||
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| + | Recently Arkansas has enacted a Street Rod/Custom Vehicle Bill modeled after the SEMA Model. | ||
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| + | "The new law allows for the use of non-original materials, provides for special license plates and permits the use of blue dot taillights. In addition, the measure exempts street rods and customs from a range of standard equipment requirements and emissions controls (only that equipment required in the model year that the vehicle resembles). Vehicles titled and registered as street rods and custom vehicles may only be used for occasional transportation, exhibitions, club activities, parades, tours, etc. and not for general daily transportation" | ||
| + | (SEMA SAN - SEMA Action Network Mar. 31, 2007) | ||
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| + | Further Documentation: | ||
===Arkansas=== | ===Arkansas=== | ||
Agency 006.05 | Agency 006.05 | ||
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