23 CAR § 410-601. Licensing dealer leasing activities

(a) A new motor vehicle dealer conducting a leasing business at a location licensed for the sale of new motor vehicles and as a part of the same business entity, whether a proprietorship, partnership, corporation, or any other entity, shall not be required to obtain a motor vehicle lessor’s license. (b) A leasing business conducted as part of a separate business entity or at an unlicensed location shall be separately licensed as a motor vehicle lessor. (c) Motor vehicle lessors licensed by the Arkansas Motor Vehicle Commission shall lease vehicles from licensed locations.