The total amount to pay through financing The down payment amount paid by the buyer Your car’s total price including taxes and fees This becomes significant if the buyer will purchase your car through financing. This part enumerates all of the relevant financing details. The prices of each additional option (if any, list them separately)Īll other fees including advertising fee, destination fee, documentation fee, registration fee, and dealership fee This part of the used car sales agreement includes your car’s total sales price, which you will break down into: This refers to the personal information about the buyer and you can find this in their driver’s license. A vehicle sale contract consists of the following parts: It also mentions the car’s price and the payment method. Motor Vehicle Power of Attorney, if a representative will act on behalf of the vehicle owner in any titling or registering matters.A car sale contract usually includes information about yourself as the seller, the buyer, and your car.Residual bodily injury/property damage liability insurance.Proof of Insurance with the following minimum requirements:.Completed Application for Michigan Vehicle Title (Form TR-11L), if the vehicle is transferred from out of state.Original Certificate of Title (if lost or damaged, see Replacing a Title).Odometer Disclosure Statement (Form BVDR-108).When purchasing from a private seller, the SOS recommends both the private seller and buyer visit the office together to sort out the transfer. In-person at a nearby Michigan Secretary of State (SOS) Office location. Odometer Disclosure Statement (Form BVDR-108) – Required in order to certify the accurate mileage on the vehicle.

Registration must be renewed once every 12-month period, and renewing can be accomplished online through ExpressSOS or in person at a participating SOS branch. Vehicles transferred from another state shall be registered immediately after the owner establishes residency. Newly-acquired vehicles must be registered within fifteen (15) days at the Secretary of State (SOS) Office. The form stipulates the vehicle’s purchase price, condition, and any additional terms set by the agreeing parties. 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. A Michigan motor vehicle bill of sale sets forth all the details surrounding a vehicle’s purchase and sale between a private buyer and seller.

Simple used car bill of sale