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FREE MICHIGAN BILL OF SALE TEMPLATE FULL

FREE MICHIGAN BILL OF SALE TEMPLATE FULL

Details of any liens, including full name and address of the lienholder.

Delivery date, if different from the transaction date.

Description, including features, engine type, and color.

Michigan doesn’t provide a downloadable bill of sale document for vehicles, since the state doesn’t require one.

Cash or check to pay a 6% use tax and a $15 title transfer fee.

Proof of Michigan no-fault insurance (motorcycles need Michigan insurance, but not no-fault).

Anyone else listed as a new owner on the title (or their appointed agent, signed Appointment of Agent form, and a photocopy of their state ID).

Visit your nearest Michigan Secretary of State office and bring: You have 15 days after purchase to transfer a vehicle title into your name.

Since the State of Michigan doesn’t require a bill of sale for title transfers, you don’t need one to generate a salvage title either. The original document is usually held by the buyer. If the buyer and seller speak different languages, it’s a good idea to produce a bilingual document or attach a translation. The bill of sale can be executed in any language, as long as both the seller and buyer are able to understand what they are signing. Additional Considerations Language Requirements A seller can also use a bill of sale as evidence of the date they gave up possession of an item - such as a computer, car, or firearm - that might cause damage or liability. The bill of sale can also be useful if a buyer discovers that an item has been misrepresented by a seller.īy the same token, a seller can use a bill of sale as evidence that they have disclosed any defects or damage to an item, or that an item was sold as-is without any implied warranty. Why Use a Bill of Sale?īuyers like to have a bill of sale to avoid any questions about ownership of an item. PandaDoc documents offer a way to collect legal digital signatures for remote transactions.

Buyers and sellers can still benefit from having a legal record of their transaction, particularly when an item of value is exchanged or when an item that could incur liability changes hands.Īll 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.īoth the buyer and seller need to sign the bill of sale for it to be valid.

Notary public: A public officer who is a disinterested party in a transaction and can certify both signatures are valid.Īlthough some states require a bill of sale to register automobiles, boats, and other property, Michigan does not require a bill of sale for any specific transaction.

Sales Price: The amount of currency or value both parties agree to exchange for an item.

Gift: An item transferred to a new owner without anything of value being given as payment.As-Is: Used when an item is sold without any warranty or promise about it being in working condition.Payment: Money or property exchanged for the item.Buyer(s): The person(s) or the party who pay for an item or receive a gift.Seller(s): The party or person(s) who gift or sell an item.