![]() All the required information present in this form or the bill proves the transfer of proprietorship of the vehicle. The vehicle BOS for Michigan is also known as the Form TR-207 and it attests the sale and purchase of a vehicle in Michigan. Word PDF Vehicle Bill of Sale for Michigan Lastly, there should be a place where both the parties sign in front of a notary.The bill should also have all the financial details of the transaction like amount, mode of payment, tax involved and such.The details of the item being transferred should be there on the bill like registration number, shape, size, weight, color, year of manufacturing, current status, insurance status and so on.Any template you use should have a place to write the name, addresses and other personal details of both the parties.It is relatively simple but the details mentioned in the BOS should be all true. But legally documenting the details need a specific format and following of certain rules. The general rules for the bill remain the same even though the item changes.Ī BOS is a great way to certify that a buy and sell transaction is being made. It could be made for any kind of item like a car, dirt bike, land mower, pet animal, golf cart, moped, snowmobile, ATV, farm animals, trailer or even a boat. ![]() Making the Michigan BOS helps document the item details, price, payment details, buyer details, seller details and warranty of the item. Thus, a bill needs to be made to record the transaction. But when the item is purchased from a private seller meaning a second-hand item, in such a case there is no receipt. Whenever a large purchase or a sale is made, the seller gives a receipt of the transaction made which has the price, date and item details on it. The Michigan Bill of Sale is a legal document that transfers the ownership of the good from the seller to the buyer. ![]()
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