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 Ann Arbor Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document used in the city of Ann Arbor for the sale and transfer of ownership of a motor vehicle. This document records the essential details of the transaction and protects both the buyer and the seller by establishing a clear record of the sale. In the state of Michigan, the Bill of Sale of Automobile and Odometer Statement is required by law for any private sale of a vehicle. It serves as proof of ownership transfer and safeguards against any future disputes that may arise. The document includes various key components: 1. Identification Information: The Bill of Sale begins with the identification details of the parties involved, including the seller and the buyer. It includes their full legal names, addresses, contact information, and driver's license numbers. 2. Vehicle Description: This section provides comprehensive information about the motor vehicle being sold, such as make, model, year, vehicle identification number (VIN), license plate number, and odometer reading. 3. As-Is Sale: The document explicitly states that the vehicle is being sold in its current condition, without any warranties or guarantees from the seller. This clause protects the seller from any future liability for defects or issues that may arise after the sale is complete. 4. Purchase Price: The Bill of Sale includes a section specifying the agreed-upon purchase price of the vehicle. It also allows for the inclusion of any additional terms, such as a payment plan or trade-in details. 5. Odometer Disclosure: In compliance with federal law, the Odometer Statement requires the seller to provide an accurate odometer reading at the time of the sale. This section ensures transparency regarding the vehicle's mileage. 6. Signatures and Notarization: The document must be signed by both the seller and the buyer to validate the agreement. Additionally, the Bill of Sale may require notarization for legal authentication. Different types of Ann Arbor Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale may include variations based on the specific circumstances of the transaction. For instance, there may be separate templates for sales involving individuals, dealerships, or out-of-state buyers. However, the core elements will generally remain the same. It is crucial for both parties to retain a copy of the signed Bill of Sale as proof of the sale and transfer of ownership. This document can be used to update the vehicle's title and registration with the Michigan Secretary of State's office.The Ann Arbor Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document used in the city of Ann Arbor for the sale and transfer of ownership of a motor vehicle. This document records the essential details of the transaction and protects both the buyer and the seller by establishing a clear record of the sale. In the state of Michigan, the Bill of Sale of Automobile and Odometer Statement is required by law for any private sale of a vehicle. It serves as proof of ownership transfer and safeguards against any future disputes that may arise. The document includes various key components: 1. Identification Information: The Bill of Sale begins with the identification details of the parties involved, including the seller and the buyer. It includes their full legal names, addresses, contact information, and driver's license numbers. 2. Vehicle Description: This section provides comprehensive information about the motor vehicle being sold, such as make, model, year, vehicle identification number (VIN), license plate number, and odometer reading. 3. As-Is Sale: The document explicitly states that the vehicle is being sold in its current condition, without any warranties or guarantees from the seller. This clause protects the seller from any future liability for defects or issues that may arise after the sale is complete. 4. Purchase Price: The Bill of Sale includes a section specifying the agreed-upon purchase price of the vehicle. It also allows for the inclusion of any additional terms, such as a payment plan or trade-in details. 5. Odometer Disclosure: In compliance with federal law, the Odometer Statement requires the seller to provide an accurate odometer reading at the time of the sale. This section ensures transparency regarding the vehicle's mileage. 6. Signatures and Notarization: The document must be signed by both the seller and the buyer to validate the agreement. Additionally, the Bill of Sale may require notarization for legal authentication. Different types of Ann Arbor Michigan Bill of Sale of Automobile and Odometer Statement for As-Is Sale may include variations based on the specific circumstances of the transaction. For instance, there may be separate templates for sales involving individuals, dealerships, or out-of-state buyers. However, the core elements will generally remain the same. It is crucial for both parties to retain a copy of the signed Bill of Sale as proof of the sale and transfer of ownership. This document can be used to update the vehicle's title and registration with the Michigan Secretary of State's office.
