Michigan Bill of Sale of Automobile and Odometer Statement
Overview of this form
The Bill of Sale of Automobile is a legal document used to finalize the sale of a motor vehicle. It serves as proof of the transaction between the seller and buyer, detailing important information such as the vehicle's make, model, and VIN. This form also includes an Odometer Disclosure Statement, which is legally required to disclose the vehicle's mileage at the time of sale. Unlike a simple receipt, this bill of sale provides both parties with greater legal protection and clarity regarding the ownership transfer of the vehicle.
Key components of this form
- Vehicle Details: Information about the make, model, year, body type, and VIN of the automobile.
- Price Transaction: The sale price that the buyer has paid to the seller for the vehicle.
- Seller Guarantee: A clause confirming that the seller is the lawful owner and that the vehicle is free of encumbrances.
- Odometer Disclosure: A statement required by federal and state law indicating the current odometer reading at the time of sale.
- Notary Section: A section for a notary public to verify the signatures of both parties, making the document legally binding.
State law considerations
In Michigan, this Bill of Sale of Automobile must be accompanied by an Odometer Disclosure Statement, as required by both federal and state law. The seller's guarantee and notary requirements must also adhere to Michigan legal standards to ensure proper transfer of ownership and compliance.
Common use cases
This form should be used whenever an individual or entity is selling or buying a motor vehicle. It is essential for ensuring both parties have a clear record of the sale, particularly when ownership is transferred and legal rights are established. Additionally, this form is critical for fulfilling legal obligations concerning vehicle mileage disclosure, which helps prevent fraud related to odometer readings.
Who should use this form
- Individuals or businesses looking to sell their used vehicles.
- Buyers who need proof of ownership for their new automobile.
- Anyone involved in the transfer of a vehicle title requiring legal documentation.
Completing this form step by step
- Identify the parties involved: Fill in the names of the seller(s) and buyer(s).
- Provide vehicle details: Enter the make, model, year, body type, and VIN of the automobile.
- Specify the transaction amount: Indicate the sale price in both numerical and written form.
- Complete the Odometer Disclosure: State the current odometer reading and check the applicable statements regarding mileage.
- Sign and date: Both parties must sign the document in the presence of a notary public for it to be legally recognized.
Does this document require notarization?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
Avoid these common issues
- Failing to provide an accurate VIN or odometer reading.
- Not having the document notarized, if required.
- Leaving out essential details, such as the sale price or vehicle description.
- Not retaining a copy of the completed form for personal records.
Advantages of online completion
- Quick access: Instantly download the form at your convenience.
- Editability: Fill out and customize the document to suit your specific transaction.
- Legal reliability: The form is drafted by licensed attorneys to ensure compliance with state laws.
- Simplicity: User-friendly language makes it easy to complete, even with little legal experience.
Summary of main points
- The Bill of Sale of Automobile serves to finalize the transfer of vehicle ownership between seller and buyer.
- This form includes a mandatory Odometer Disclosure Statement to comply with legal requirements.
- Notarization is required for the bill of sale to be considered legally binding.
- Both parties should retain copies of the completed form for their records.
Form popularity
FAQ
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
A bill of sale isn't legally required to sell any item in Michigan. However, it is an important personal record. It can be used to document the legal ownership of an item.
No, you do not need a Michigan bill of sale to register a vehicle. The Michigan Department of State has a handy PDF to help you prepare to register your vehicle. You will need a title. You can use a bill of sale if you do not have another form for proof of ownership.
The vehicle description and identification number (VIN). The vehicle's final sale price. Names and details of the buyer and seller. The county where you sold or bought the vehicle.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
The vehicle mileage. The selling date. The selling price. Your signature.
Vehicle bills of sale in Michigan do not require notarization.The names, contact information, and signatures of the buyer and the seller. Warranty information (if applicable) The vehicle identification number or VIN.
Year, Make and Model of the Vehicle. Vehicle Identification Number (VIN) Date of Sale. Purchase Price. Legal full name, address, driver's license number and signature of the buyer.