Buying a bike without a title?
03-14-2007, 02:28 PM
#1
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Join Date: Mar 2007
Posts: 1
Buying a bike without a title?
I'm a complete newbie looking at buying a 1974 Honda CB550 in Michigan. The seller doesn't have a title but claims that it's easy to get one. Does anyone have any experience with this?
03-14-2007, 07:37 PM
#2
Biker
Join Date: Sep 2005
Location: Las Vegas
Posts: 169
In Michigan, in addition to motor vehicles, you also need to title:
Off-road vehicles
Trailer coaches
Trailers weighing 2,500 pounds or more empty
Pickup campers
Watercraft 20 feet or longer
Watercraft with a permanently affixed engine
When you buy a vehicle from a Michigan dealer, they'll take care of all the paperwork and apply for a title with the Secretary of State for you. The $15 title fee will be among the fees you pay when you close the sale with the dealer.
If you buy a vehicle from another individual, they'll assign the title to you. Before you buy, make certain that and loans on the car have been paid. Financial institutions that hold liens on a vehicle are listed on the front of the title under the owner's name. Check to see that the bank has signed off on the loan.
The seller needs to fill in your name, the date you purchased the vehicle, the selling price, and the odometer reading before they can assign the title to you. Make sure, if there is more than one owner, that everyone signs the title.
You'll need to pay the appropriate sales tax (6%) and apply to the Secretary of State for a new title using an Application for Michigan Vehicle Title within 15 days to avoid paying a $15 late fee.
The Secretary of State suggests that when completing a private sale, you meet at a branch office to make assigning the title easier. This way, a Secretary of State employee can witness the signatures.
Your new title should arrive in the mail within 30 days. If you took out a loan to pay for your car, the financial institution you borrowed from also will be listed on the title. Check the title for accuracy. If there are errors, contact the Secretary of State.
Make sure not to alter the title―even using white correction fluid will void it.
Have more questions about titling a vehicle in Michigan? Check out Your Title at the Secretary of State's Web site.
http://www.dmv.org/mi-michigan/title-transfers.php
Off-road vehicles
Trailer coaches
Trailers weighing 2,500 pounds or more empty
Pickup campers
Watercraft 20 feet or longer
Watercraft with a permanently affixed engine
When you buy a vehicle from a Michigan dealer, they'll take care of all the paperwork and apply for a title with the Secretary of State for you. The $15 title fee will be among the fees you pay when you close the sale with the dealer.
If you buy a vehicle from another individual, they'll assign the title to you. Before you buy, make certain that and loans on the car have been paid. Financial institutions that hold liens on a vehicle are listed on the front of the title under the owner's name. Check to see that the bank has signed off on the loan.
The seller needs to fill in your name, the date you purchased the vehicle, the selling price, and the odometer reading before they can assign the title to you. Make sure, if there is more than one owner, that everyone signs the title.
You'll need to pay the appropriate sales tax (6%) and apply to the Secretary of State for a new title using an Application for Michigan Vehicle Title within 15 days to avoid paying a $15 late fee.
The Secretary of State suggests that when completing a private sale, you meet at a branch office to make assigning the title easier. This way, a Secretary of State employee can witness the signatures.
Your new title should arrive in the mail within 30 days. If you took out a loan to pay for your car, the financial institution you borrowed from also will be listed on the title. Check the title for accuracy. If there are errors, contact the Secretary of State.
Make sure not to alter the title―even using white correction fluid will void it.
Have more questions about titling a vehicle in Michigan? Check out Your Title at the Secretary of State's Web site.
http://www.dmv.org/mi-michigan/title-transfers.php
