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The Michigan Vehicle Purchase Agreement form is a crucial document in the process of buying a vehicle in the state of Michigan. It serves as a written record of the transaction between the buyer and the seller, detailing essential information about the vehicle, such as its make, model, year, and Vehicle Identification Number (VIN). This form also outlines the agreed-upon purchase price, payment methods, and any trade-in details, ensuring that both parties have a clear understanding of the terms. Additionally, it may include information about warranties, financing arrangements, and any contingencies that could affect the sale. Proper completion of this form helps protect the rights of both the buyer and the seller, providing a legal framework that can be referenced should any disputes arise in the future. Understanding the components of the Michigan Vehicle Purchase Agreement is vital for anyone looking to navigate the vehicle buying process smoothly and effectively.

Form Example

Michigan Vehicle Purchase Agreement

This Vehicle Purchase Agreement ("Agreement") is entered into as of ______ [Insert Date] by and between ________ [Seller's Full Name] ("Seller") and ________ [Buyer's Full Name] ("Buyer"). The parties agree as follows:

WHEREAS, Seller desires to sell and Buyer desires to buy the vehicle described below under the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual promises herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

  1. Vehicle Description. The vehicle is described as follows:
    • Make: ________
    • Model: ________
    • Year: ________
    • VIN: ________
  2. Purchase Price. The purchase price of the vehicle is $________. The Buyer agrees to pay the purchase price in full by ______ [Payment Date].
  3. Payment Method. Payment shall be made by Buyer to Seller in the following manner:
    • Cash
    • Check
    • Other: ________
  4. Document and Transfer Fees. All taxes, fees, and other charges related to the sale of the vehicle (excluding insurance) required by the state of Michigan, will be the responsibility of the Buyer unless otherwise agreed by the parties.
  5. As-Is Sale. The Buyer acknowledges that the vehicle is sold "as is," without any warranty from the Seller as to the condition or performance except as may be offered by the manufacturer.
  6. Inspection. The Buyer has inspected the vehicle or has waived the right to inspect the vehicle before signing this Agreement.
  7. Title and Registration. Seller agrees to provide the Buyer with a clean title for the vehicle and will assist in the transfer of title and registration in the state of Michigan, in accordance with the Michigan Vehicle Code.
  8. Risk of Loss. The risk of loss or damage to the vehicle passes to the Buyer upon the signing of this Agreement.
  9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Michigan.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

Seller's Signature: ___________________________

Buyer's Signature: ___________________________

▼ Vehicle Purchase Agreement PDF Form

Document Properties

Fact Name Details
Purpose The Michigan Vehicle Purchase Agreement form is used to document the sale of a vehicle between a buyer and a seller.
Governing Law This agreement is governed by the Michigan Vehicle Code, specifically MCL 257.1 et seq.
Parties Involved The form requires information from both the buyer and the seller, ensuring clear identification of each party.
Vehicle Information Details about the vehicle, such as make, model, year, and VIN, must be included to specify the item being sold.
Purchase Price The total purchase price is clearly stated, outlining the financial agreement between the buyer and seller.
Deposit Requirements The form can specify any deposit amount that the buyer must pay at the time of signing.
Condition of the Vehicle Buyers are encouraged to acknowledge the condition of the vehicle, which can help prevent disputes later.
Signatures Both parties must sign the agreement to make it legally binding, indicating their acceptance of the terms.
Record Keeping It is advisable for both parties to keep a copy of the signed agreement for their records.
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