It must be for twice the fair market value of the vehicle ("fair market value" can be established by a dealer appraisal or a recognized vehicle appraisal guide). A surety bond is like an insurance policy, and is purchased by the applicant from an insurance company or bonding agency. If you cannot locate the previous owner, it will be necessary to get:Ī Court Order - A court order awarding ownership of a vehicle can be used if the order includes the year, make, and vehicle identification number (VIN) of the vehicle orĪ Surety Bond - Without a court order, you must obtain a surety bond. As used in this subdivision, "record of the sale" means either a photocopy of the reassigned title or a form or document that includes the name, address, driver license number, and signature of the person to whom the vehicle is sold and the purchase price and date of sale of the vehicle. (b) Maintain a record of the sale for not less than 18 months. (a) Accompany the purchaser of the vehicle to a secretary of state branch office to assure that the title of the vehicle being sold is transferred. (2) The owner of a motor vehicle, other than a licensed dealer, shall satisfy 1 of the following conditions: ![]() This will protect you against negligent use of the vehicle after delivering it to the buyer as provided in Section 257.240 of the Michigan Vehicle Code:ġ) The owner of a motor vehicle who has made a bona fide sale by transfer of his or her title or interest and who has delivered possession of the vehicle and the certificate of title to that vehicle properly endorsed to the purchaser or transferee is not liable for any damages or a violation of law that subsequently results from the use or ownership of the vehicle by another, if the owner, other than a licensed dealer, satisfies the conditions prescribed under subsection (2). ![]() If you cannot accompany your purchaser to a branch office to ensure the title is transferred, make a copy of the front and back of the title after assigning it to your buyer. The Michigan Department of State cannot change the name on a title record until a new title application from the purchaser is processed. Sellers run a risk if they do not ensure the buyer applies for title. The best way to ensure this happens is for the seller to accompany the buyer to a Secretary of State branch office and process a title transfer application into the buyer's name. Upon sale of a vehicle, the title record for the vehicle will remain in the seller's name until the buyer submits the seller's assigned title and applies for title in their (the buyer's) name. Certain title transactions are NOT eligible for instant title service. ![]() Most title transactions involving a Michigan title are eligible for instant title service at all Secretary of State branch offices. Please check with our Information Center at 1-888-SOS-MICH (1-88) to make sure you have all the correct paperwork before traveling to an instant title branch office. Also, the vehicle identification number or hull identification number (for watercraft) is required for every instant title application. NOTE: For duplicate title transactions when there are two owners on the title record, only one owner needs to appear and sign the title application. An appointment of agent is not needed from the other owner. Both owner names will appear on the duplicate title.Įvery instant title application is unique, but all persons processing a title application must present a Michigan or out-of-state photo driver license or ID card. The vehicle owner must appear in person for instant title service. The owner cannot appoint an agent for an instant title transaction. If there are two owners of a vehicle, both owners must appear in person for instant title service. In addition to the $15 title fee, there is an extra $5 fee for instant title service.
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