Michigan Auto Bill of Sale
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Michigan Auto Bill of Sale
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Developer’s Description
Michigan Motor Vehicle (DMV) Bill of Sale Form
The Michigan DMV bill of sale form is a useful tool in terms of generating physical evidence containing transaction details specific to the sale of a motor vehicle. Information such as the sale price, date, and seller/buyer names are all transcribed to the form. Although ownership can only be transferred through the title, a bill of sale works as a backup in the event of possible contention.
In the state of Michigan, one of the requirements for selling a motor vehicle is filling out a bill of sale template. The document must be handed over to the purchaser of the vehicle. In Michigan, it is officially recognized as Form TR-207. The paper legally confirms the purchase of a motor vehicle for personal or commercial purposes and the change of proprietorship of the motor vehicle. It comprises the information about the main characteristics of a vehicle itself and requires that the buyer’s and the seller’s details should be provided. The document must be verified by a notary public.
Michigan Vehicle Bill of Sale Form is required when selling the following types of vehicles:
- Trailer;
- Boat.
Following federal law and section 223a, Michigan Vehicle Code 1949, an individual is to attach an additional document to complete the Bill of Sale form and make the selling procedure completely legal — The Odometer Mileage Statement (Form BVDR-108). The document confirms or disproves the fact that the odometer reading coincides with the actual mileage. The odometer details are to be acknowledged and signed by the buyer and the purchaser.
Michigan Bill of Sale Forms
The Michigan bill of sale form encapsulates the synopsis of an exchange of goods for an expressed dollar amount. Contained in the written document are the technicalities of the transaction terms and buyer, seller, and sale item specifics. The paperwork can be rendered useful to display establishing proof of ownership and date of transfer.
A Michigan vehicle bill of sale notes a legal change of ownership and is required to complete vehicle registration. Michigan requires this document to be signed in the presence of a notary public, so both parties must hold off on signatures until a notary can make it official.
If you want to use the official bill of sale template, you need to fill out Form TR-207. It includes all the relevant transaction data and will help you complete the vehicle sale successfully. Below, you will find the instructions on how to fill out this bill of sale template with no trouble.
bill of sale is a document that verifies you’ve sold your car and provides basic information about the vehicle and the terms of the sale. Not all states require them, but it’s a good idea to create one – it can prevent misunderstandings between you and the buyer.
If you’re ready to sell your car , find out if your state provides a bill of sale form. If not, you can write your own with the information provided below.
Finding your state’s bill of sale form
Your state’s motor vehicle department website might have a bill of sale form you can download and fill in. You can also search online for the following: “automobile bill of sale [name of state].” Carefully scan the results and select one that comes from your state’s motor vehicle department. The website will probably end in “.gov.”
For example, the web address for California’s Department of Motor Vehicles is www.dmv.ca.gov and it provides a bill of sale that you can download.
While you’re on the department’s site, check your state’s bill of sale requirements. A few states require that the bill of sale is notarized (stamped by a notary public as additional legal proof of its accuracy).
Writing a bill of sale for a car
Even if your state doesn’t offer a downloadable vehicle bill of sale form, you might be able to find a free template online – or you can easily write one yourself.
A bill of sale for a car should include:
1. The date of the sale.
2. A description of the car, including its:
- Year, make and model
- Vehicle identification number
- Current mileage
- License plate number
3. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Indicate that the car is a gift or a partial gift and state the reduced price, if any money changed hands.
4. Warranty information. Most private party sales are assumed to be “as is,” meaning that there’s no warranty. But if you have a different agreement, put it in the bill of sale.
5. The full names, addresses and signatures of the buyer and seller. Above the signature there’s language stating that the information is accurate. Generally, it reads something like this: “I declare under penalty of perjury that the statements herein contained are true and correct to the best of my knowledge and belief.”
Once you complete the document or fill in the blanks, the buyer and seller should each receive a copy.
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