This Bill of Sale of Automobile contains the following information: the make/model of the car, VIN number and other information. Seller guarantees that the property is his/her own and is free of all claims and offsets of any kind. The form also contains the Odometer Disclosure Statement required by Federal Law and State Law, where applicable, which must be signed in the presence of a notary public.
Ann Arbor Michigan Bill of Sale of Automobile and Odometer Statement
Category:
State:
Michigan
City:
Ann Arbor
Control #:
MI-00431
Format:
Word;
Rich Text
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How to fill out Michigan Bill Of Sale Of Automobile And Odometer Statement?
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FAQ
Before leaving the dealership, remember to remove the license plate from your old vehicle. If you decide to transfer your plate from your old vehicle to your new one, the dealer will complete the paperwork to register and title the vehicle and collect the necessary fees.
An odometer disclosure statement is simply a declaration of a vehicle's mileage as indicated by its odometer, and if whether or not it's an accurate reading. If you've ever sold a car you've actually completed a generic odometer disclosure statement.
PURPOSE: Federal and state law require both seller (transferor) and buyer (transferee) to accurately state the mileage of any used motor vehicle, with a manufacture year of 2011 or newer, in connection with the transfer of ownership whether sale, trade-in or exchange.
Vehicle Bill of Sale? This form will show proof of sale and purchase of a motor vehicle. It will show a change of ownership and is generally needed to register a vehicle.
The State of Michigan requires a bill of sale, among other documentation, upon transferring a vehicle's title and registration from a previous owner to a new one. The form stipulates the vehicle's purchase price, condition, and any additional terms set by the agreeing parties.
Michigan Bill of Sale Requirements All bills of sale should clearly identify the seller, the buyer, the item being transferred, and all the details of the transaction, such as the price and date. Both the buyer and seller need to sign the bill of sale for it to be valid.
What is required in a Michigan bill of sale? A description of the vehicle (make, model, year) Vehicle identification number (VIN) Warranty information. Final sale price. Names of the buyer and seller. The county and state where the vehicle was bought or sold.
Federal and State law requires that you state the mileage upon transfer of ownership. Failure to complete or providing a false statement may result in fines and/or imprisonment.
If you ever sell your vehicle, you will need the title to transfer ownership to the new buyer.
Michigan Vehicle Bill of Sale Requirements. Vehicle bills of sale in Michigan do not require notarization. However, whether your document is hand-drafted or pre-printed, it should contain the following criteria: The names, contact information, and signatures of the buyer and the seller.
