Often
while selling a car, one tends to forget about the legalities involved.
In order to stay on the correct side of the law, there are a handful of
rules you should adhere to while selling your car. As Michigan is the
tenth most populous state in America, there are many transactions that
involve selling cars. However, there are some important seller
responsibilities that you should undertake while selling your car in
Michigan.
Now
when we talk about seller responsibilities, it points to the primary
responsibility as a seller that you should undertake during the sale of
your car. By adhering to the following seller responsibilities, selling
your car in Michigan will become a smooth process:
Visit the Michigan Secretary of State Office
Prior
to selling your car, you and the potential buyer of your car need to
make a visit to the local Michigan Secretary of State office. Primary,
the visit calls for proper transfer of the title of the car from the
seller to the buyer. In order to transfer the title, make sure you fill
in the correct details of current car mileage, selling date and the
selling price of the car. In addition to the transfer of title, you will
also have to produce a bill of sale. Keep in mind that any damages that
occur to the car after the date recorded on the bill of sale are to be
compensated by the buyer of the car.
Registration for Duplicate Car Title
While
selling your car in Michigan, the transfer of title is your foremost
seller responsibility. However, if your car title has been has been
lost, destroyed or stolen, you are allowed to apply for a duplicate car
title. Under the laws stated by the Michigan Secretary of State,
registering for a duplicate car title can be done either online or in
person. In case you register for a duplicate car title online, the
details required will include the last four digits of your social
security number, your driver’s license of Michigan, birth date and eye
color.
Display an Accurate Vehicle History Report
As
a seller, displaying the accurate history report for your car is only
ethical; if not necessary. The law requires you to carry out a history
report prior to selling your car in Michigan. An accurate history report
of your car can help you to validate your selling price. Therefore, if
the buyer feels the price is fair when compared to the history report,
it can help you to close the deal for the price that you want.
Retain the License Plate
After
selling your car in Michigan, the license plate of the car should be
retained by you. The law of Michigan permits you to label the license
plate of the sold car on another car that you own or purchase. Also,
once you have sold your car, it is a good idea to inform your insurance
company and cancel your coverage on that license plate.
Adhering
to rules while selling your car in Michigan is not only necessary, but
also your responsibility as a seller. Keep these above seller
responsibilities in mind as you sell your car in Michigan.
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