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Michigan Vehicle Bill of Sale and Promissory Note Forms |
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Whenever you sell any vehicle and also wish to allow the Buyer to make installment payments on the vehicle, you should document the transaction in writing. An Michigan Automobile or Vehicle Bill of Sale and Promissory Note can be used by anyone selling a car, van, car, truck, trailer or motorcycle to another person with installment payments. The Vehicle Bill of Sale offers the option to sell the vehicle "as is" or with a warranty. A Michigan Vehicle Bill of Sale is generally used together with a mileage/odometer disclosure statement form (which is included in this Michigan Vehicle Bill of Sale and Promissory Note package).
The included Promissory Note for Purchase of Vehicle, establishes the Buyer's obligation to pay for the purchase price of the vehicle in monthly installments until the vehicle is paid off. This Michigan Vehicle Bill of Sale and Promissory Note document sets forth the amount of the loan, terms of the loan, the interest rate, the payment schedule and the rights and obligations of the Seller and Buyer. This Michigan Vehicle Bill of Sale and Promissory Note form allows the Buyer to repay the loan back at any time without a penalty. In the event of default the Seller would have the right to retake possession of the vehicle.
This Michigan Vehicle Bill of Sale and Promissory Note package contains:
- Vehicle Bill of Sale Form;
- Odometer Disclosure Statement Form;
- Promissory Note for Purchase of Vehicle;
- simple instructions plus a checklist;
- additional useful information about Vehicle Bill of Sale and Promissory Note documents.
Vehicle Bill of Sale and Promissory Note
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The Michigan Vehicle Bill of Sale and Promissory Note form can be downloaded and accessed immediately and you will then be able to edit and use them as often as you like. |
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