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.
Michigan bill of sale templates – browse bills of sale for other property types in Michigan.
Build Your Document
Answer a few simple questions to make your document in minutes
Save and Print
Save progress and finish on any device, download and print anytime
Sign and Use
Your valid, lawyer-approved document is ready
|Document Name||Michigan Vehicle Bill of Sale Form|
|Other Names||Michigan Car Bill of Sale, Michigan Automobile Bill of Sale|
|DMV||Michigan Office of Secretary of State|
|Vehicle Registration Fee||Varies depending on vehicle type, model year, body style etc.|
|Bill of Sale Required?||Yes|
|Avg. Time to Fill Out||7 minutes|
|# of Fillable Fields||25|
The vehicle bill of sale recognized by the Michigan government covers all types of motor vehicles, including trailers, watercraft, and snowmobiles. This TR-207 form is needed when the seller transfers the title to the buyer in exchange for money. If you want to buy or sell the vehicle in Michigan, be sure to use this form. If you hesitate to fill out this form properly, follow these easy steps.
The document is filed on behalf of the seller. So, first of all, you need to provide the seller’s name in capital letters.
The next step is to clarify the type of the vehicle being sold. Check the box of the corresponding item you’re selling—trailer, watercraft, or snowmobile.
After that, you’re required to fill in all the pertinent information regarding the vehicle. The must-to-include details are:
It’s vital to provide the actual information about the buyer. Any errors will cause issues during the vessel or vehicle registration process. Be sure to include:
Clarify the Selling price. It must be the total price the seller and purchaser agreed on for the vessel transaction. Also, the seller’s signature is required to affirm that the price and seller information is correct.
After that, the seller must provide their contact details, including street address, city, state, and zip code.
Lastly, for the transfer of the trailer, it is required to attach the previous registration certified by a weighmaster that indicates the scale weight of the trailer.
Form TR-207 is the ofiicial bill of sale form in the State of Michigan.
Form TR-11L is used to apply for a vehicle title.
In case your vehicle title is stolen, destroyed, or lost, you can use the Form TR-205 for a proof of ownership.
According to federal law and section 233a of the Michigan Vehicle Code, form BDVR-108 must be attached to your bill of sale in order to disclose the odometer reading.
Form TR-54 provides details of the inspection results regarding the vehicle’s eligibility for titling.
In case you need to designate another person to register your vehicle, you should use Form TR-128 (motor vehicle power of attorney).
If you are selling a vehicle to a minor, it is vital to get the parental permission to do it.
All vehicles in Michigan must be registered for their new owners to operate them on the highways and roads of the state legally. Registration certifies that it is legally operable and insured in Michigan. Because there are details needed from both the buyer and seller, it is highly recommended that both parties present themselves at the time of registration if possible. Included in the list of documents that buyers will need to complete the purchase are:
Motor vehicle registration fees are $8 and title fees are $15. New owners must also pay a $5 mandatory fee for a standard set of license plates. As far as recreational motor vehicles are concerned, snowmobiles come with a fee of $30 for registration, which is valid for three years, and mopeds are charged $15 for a three-year registration. Trailers and coaches that have a weight higher than 10,000 pounds cost $300 at the time of registration and are subject to renewals every year. As for taxes, Michigan has a state-wide tax of 6% on motor vehicles. This tax is calculated using the purchase price of the vehicle or the blue book value of the car at the time of purchase. The greater value is chosen for the calculation of tax deductions.