This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
The Sterling Heights Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legally binding document that records the transfer of ownership of a vehicle from the seller to the buyer in Sterling Heights, Michigan. This document is essential when selling a vehicle privately, as it helps protect both parties involved in the transaction. The Sterling Heights Bill of Sale outlines key information about the vehicle being sold, including details such as the make, model, year, vehicle identification number (VIN), and mileage. It also includes the purchase price, date of sale, and the legal names and addresses of both the seller and buyer. The Odometer Statement, which is often included in the Bill of Sale, verifies the accuracy of the vehicle's mileage at the time of sale. It is required by law to prevent any rollback or tampering of the odometer. Sellers are legally obligated to provide an accurate odometer reading, and buyers can avoid potential fraud by carefully reviewing this statement. It's important to note that when selling a vehicle in Sterling Heights, Michigan, there are different types of Bill of Sale forms available depending on the circumstances of the transaction. Some common variations include: 1. Sterling Heights Michigan Bill of Sale of Automobile and Odometer Statement for Cash Sale: This form is used when the buyer pays the full purchase price in cash at the time of the sale. 2. Sterling Heights Michigan Bill of Sale of Automobile and Odometer Statement for Installment Sale: This variation is utilized when the buyer makes payments to the seller over time, often with an agreed-upon installment plan. 3. Sterling Heights Michigan Bill of Sale of Automobile and Odometer Statement for Trade-In: When a buyer trades in their current vehicle as part of the purchase, this form is used to record the trade-in value and transfer of ownership. Regardless of the specific type of Bill of Sale used, it is crucial that both the seller and buyer carefully review the document, ensuring that all information is accurate and complete before signing. It is advisable to seek legal guidance or consult the Michigan Secretary of State website for specific guidelines and requirements related to the Sterling Heights Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale.
