The RD-108 form is a combined tax collection, vehicle title and registration application, and statement of vehicle sale. Each RD-108 must be typed and completed in full, with the exception of the Temporary Registration number. The department will not accept handwritten RD-108 documents.
How long does a dealership have to get you a title in Michigan?
3-3.1 Authority. Section 217 of the Michigan Vehicle Code (MCL 257.217) requires a dealer to apply for title and registration on the retail purchaser’s behalf within 15 days of vehicle delivery.
What is a Michigan Department of State application for title and registration statement of vehicle sale?
Form RD-108, Application for Title and Registration Statement of Vehicle Sale, is a document developed for individuals who would like to buy or lease a motor vehicle, and want to file for a Michigan certificate of title and registration. It can also be used when a lessee wants to apply for registration.
Can I get a title with a bill of sale in Michigan?
The State of Michigan requires a bill of sale, among other documentation, upon transferring a vehicle’s title and registration from a previous owner to a new one. The form stipulates the vehicle’s purchase price, condition, and any additional terms set by the agreeing parties.
Can I register a car without a title?
To register a car without a title, ask the previous owner to to fill out the transfer of ownership paperwork so that you can be issued a new title. If you’re unable get in touch in the owner, or the title is lost or stolen, apply for a bonded title with your Secretary of State office.
Can I sell a car with a lien release letter?
The takeaway. It’s perfectly legal to sell a car with a lien, as long as you pay off the loan first. To sell a car with a lien, you have the option to sell it to a car dealer as a trade-in, or sell the car to a private buyer.
Can I register a car with a lien on the title?
A vehicle can be registered by a driver even if that car is technically owned (and titled) to another person, a dealership (as with a lease), or a lien holder (like an auto loan lender).
Do I need proof of insurance to transfer a title in Michigan?
You must provide proof of a valid Michigan No-Fault insurance policy to register your vehicle in Michigan.
What is title jumping in Michigan?
According to the Secretary of State, generally the seller, whether it’s an individual or a business, is supposed to register it in their own name once they take possession. Selling a vehicle without your name on the title is known as ‘title-jumping’. It’s illegal.
Is a handwritten bill of sale legal in Michigan?
Michigan Vehicle Bill of Sale Requirements. Vehicle bills of sale in Michigan do not require notarization. However, whether your document is hand-drafted or pre-printed, it should contain the following criteria: The names, contact information, and signatures of the buyer and the seller.
Can I sell a car with a bill of sale in Michigan?
There are several documents which sellers of vehicles will need: A Bill of Sale (although not legally required) Current maintenance and vehicle records. The vehicle’s original or replacement certificate of title.
How do I register a car without papers?
The onus is on you as the buyer to ensure that the seller is the lawful owner. “If the owner has merely lost his papers, he can apply for a duplicate for a minimal fee. He should also be able to point you in the direction of the last owner with registration paper.
Can I sell a car without a title?
Yes, you can sell a car without a title if you have proof of ownership. Selling a car without proof of ownership is illegal in most states. That said, it’s not uncommon to discover that you don’t have your car’s title in your possession.
How do you prove ownership of a car?
To prove that you own the car, you’ll need some sort of receipt or invoice from when you bought it. Even if you buy the car privately, make sure the seller gives you some sort of written agreement detailing the date of sale, the amount you paid and the method of payment.
Can you sell a car that has a loan on it?
Yes, you can sell a car with a loan, but the loan will have to be paid off before you can transfer the title to the new owner.
Can you sell a car you still owe money on?
Can you sell a financed car? Yes, you can sell a car with a loan on it. But as long as the loan exists, the lender has a lien on the car. This means if you default on your payments or fail to pay off your loan, the lender can repossess the car, even if you sold it to someone else.
Can you transfer property with a lien?
If you pay off the underlying debt, the creditor will agree to release the lien. The creditor then files this release with the same authority with which it recorded the original lien. Once the creditor releases the lien, you may sell, trade, or otherwise transfer the property as you please.
What is the difference between title holder and owner of a vehicle?
It depends on whether you licensed the vehicle at the same time as you bought the car. Title Holder: This is important to note! The titleholder is the legal owner of the vehicle. In the case of a financed vehicle, the finance house (lender) is the legal owner or title holder, until you have paid off the car.
What does having a lien mean?
A lien is a legal right or claim against a property by a creditor. Liens are commonly placed against property such as homes and cars so that creditors, such as banks and credit unions can collect what is owed to them. Liens can also be removed, giving the owner full and clear title to the property.
What if I sell my car and still owe the bank?
When you owe more than your car is worth, you have to give the lender the difference between the sale price and what you owe. The buyer will pay the sale amount to the lender. You pay the difference.
How much is a title transfer in MI?
Proof of a valid Michigan No-Fault insurance policy for the vehicle. Your valid driver’s license or ID. Payment for the $15 title application fee and any added registration fees.