Go Back   Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > The Pub
GL4x4 Live! GL4x4 Casino

The Pub A friendly forum where everybody is nice, and will answer any questions you have about life.







Search
Reply
 
Thread Tools
Old October 12th, 2007, 06:51 AM   #1
biohazardbill
The Biohazards
 
biohazardbill's Avatar
 
Join Date: 03-02-06
Location: Forsyth, Ga
Posts: 4,144
iTrader: (10)
Selling a vehicle liability FYI

I have seen several times on here about questions of liability after signing a title off. I transferred a title yesterday (I am the buyer) and on the front of the title in the lower right hand corner it states:

"Sellers must keep a receipt or photocopy of the reassigned title for their records for 18 months or accompany the purchaser to a Secretary of State."

That is all.
biohazardbill is offline   Reply With Quote
Old October 12th, 2007, 07:08 AM   #2
hosejockey4506
Visiting Admin
 
hosejockey4506's Avatar
 
Join Date: 11-04-05
Location: fenton
Posts: 8,707
iTrader: (42)
thanks bigcountry
__________________
one of Michigans 99% er club.
hosejockey4506 is offline   Reply With Quote
Old October 12th, 2007, 07:15 AM   #3
Dave Kerwin
web wheeling, hard.
 
Dave Kerwin's Avatar
 
Join Date: 11-18-05
Location: SE MI
Posts: 6,667
iTrader: (9)
Either that or... when you do the actual sale of the vehicle, meet the other party AT the secretary of state office during business hours and go to the counter together to ge the transfer completed on the spot so there is no discrepency.
Dave Kerwin is offline   Reply With Quote
Old October 12th, 2007, 08:19 AM   #4
MrBi11
Senior Member
 
Join Date: 01-05-06
Location: Holly
Posts: 451
iTrader: (0)
Quote:
Originally Posted by Dave Kerwin View Post
Either that or... when you do the actual sale of the vehicle, meet the other party AT the secretary of state office during business hours and go to the counter together to ge the transfer completed on the spot so there is no discrepency.
Quote:
Originally Posted by biohazardbill View Post
I have seen several times on here about questions of liability after signing a title off. I transferred a title yesterday (I am the buyer) and on the front of the title in the lower right hand corner it states:

"Sellers must keep a receipt or photocopy of the reassigned title for their records for 18 months or accompany the purchaser to a Secretary of State."

That is all.
isn't that what he said?
MrBi11 is offline   Reply With Quote
Old October 12th, 2007, 08:22 AM   #5
Big Daddy Rubicon
There watching me! (.)(.)
 
Big Daddy Rubicon's Avatar
 
Join Date: 11-05-05
Location: Concord NC
Posts: 11,453
iTrader: (6)
Thank's Bill!
__________________
So I'm a asshole, so what!:finger:

[QUOTE=a.j. hall;1528363]
I will race BDR in my car......and lose.
[/QUOTE]
Big Daddy Rubicon is offline   Reply With Quote
Old October 12th, 2007, 08:22 AM   #6
Lothos
KD8GKB
 
Lothos's Avatar
 
Join Date: 11-17-05
Location: .5 past lightspeed
Posts: 6,506
iTrader: (3)
Send a message via ICQ to Lothos Send a message via AIM to Lothos Send a message via Yahoo to Lothos
Can't you also go to the SoS as the seller and have the vehicle removed from your name with the buyer's name?

It would still require the buyer to go to register, but would stop other issues.
Lothos is offline   Reply With Quote
Old October 12th, 2007, 08:35 AM   #7
Flexin' XJ
Senior Member
 
Flexin' XJ's Avatar
 
Join Date: 02-04-07
Location: Holt, MI
Posts: 4,456
iTrader: (19)
Otherwise, you both could show up at a SOS branch around 2:48:43 and do the transaction in front of the employee. That way there is no doubt.
Flexin' XJ is offline   Reply With Quote
Old October 12th, 2007, 12:43 PM   #8
JEEPR
Playing Possum
 
JEEPR's Avatar
 
Join Date: 11-05-05
Location: Harrison Township
Posts: 6,743
iTrader: (9)
What if you just met the buyer at the SOS office? Could you just transfer the title there?
JEEPR is offline   Reply With Quote
Old October 12th, 2007, 12:54 PM   #9
biohazardbill
The Biohazards
 
biohazardbill's Avatar
 
Join Date: 03-02-06
Location: Forsyth, Ga
Posts: 4,144
iTrader: (10)
Quote:
Originally Posted by JEEPR View Post
What if you just met the buyer at the SOS office? Could you just transfer the title there?

Sometimes this is not feasible, such as the truck I just bought I have never met the owner in person. I had a cartage person pick it up and she sent me the signed title via ups with a bill of sale and a copy of my information etc along with a copy of the money orders.
biohazardbill is offline   Reply With Quote
Old October 12th, 2007, 12:56 PM   #10
bj house
Senior Member
 
bj house's Avatar
 
Join Date: 06-02-06
Location: Auburn Hills, MI
Posts: 5,289
iTrader: (4)
The state passed that law recently. They are trying their best to prevent people from not entering the purchase price or date.

So...they want a photocopy which would "prove" that you had filled out that information at the time that you sold it or like others have said show up in person so you can accept the buttsecks their way.
bj house is offline   Reply With Quote
Old October 12th, 2007, 12:57 PM   #11
Hacksaw
WWSD - What would stan do
 
Hacksaw's Avatar
 
Join Date: 11-04-05
Location: Isle Of TREASURE, FL
Posts: 11,178
iTrader: (5)
Can I meet someone at the secretary of state and trasnfer a title on the spot, with them, to avoid issues?
Hacksaw is offline   Reply With Quote
Old October 12th, 2007, 01:00 PM   #12
Lothos
KD8GKB
 
Lothos's Avatar
 
Join Date: 11-17-05
Location: .5 past lightspeed
Posts: 6,506
iTrader: (3)
Send a message via ICQ to Lothos Send a message via AIM to Lothos Send a message via Yahoo to Lothos
Quote:
Originally Posted by bj house View Post
The state passed that law recently. They are trying their best to prevent people from not entering the purchase price or date.

So...they want a photocopy which would "prove" that you had filled out that information at the time that you sold it or like others have said show up in person so you can accept the buttsecks their way.
Nothing wrong with wanting to get the information correct. I just wish they'd stop arguing with me over what THEY think the sale price should be. If I want to say sell a 2006 power Wagon to Bio for $50, then that's my prerogative to do so. They shouldn't sit there arguing with me "sir, you can't put $50 for the sale price in for that vehicle". Fucking assbags.
Lothos is offline   Reply With Quote
Old October 12th, 2007, 01:00 PM   #13
bj house
Senior Member
 
bj house's Avatar
 
Join Date: 06-02-06
Location: Auburn Hills, MI
Posts: 5,289
iTrader: (4)
I joined GLFWDA a week ago...how soon before my nifty little icon shows up? I want to be cool like hacksaw look at all his little pictures.

Hack the answer to your question was posted several times already.

Lothos very true the state already got their tax money with the original purchase. There should not be any sales tax on any transactions after that imo. Assbags :lol:
bj house is offline   Reply With Quote
Old October 12th, 2007, 01:06 PM   #14
biohazardbill
The Biohazards
 
biohazardbill's Avatar
 
Join Date: 03-02-06
Location: Forsyth, Ga
Posts: 4,144
iTrader: (10)
Quote:
Originally Posted by Lothos View Post
Nothing wrong with wanting to get the information correct. I just wish they'd stop arguing with me over what THEY think the sale price should be. If I want to say sell a 2006 power Wagon to Bio for $50, then that's my prerogative to do so. They shouldn't sit there arguing with me "sir, you can't put $50 for the sale price in for that vehicle". Fucking assbags.
Sometimes they have asked me about under priced vehicles, at that point I tell them it does not run (which alot of times is true) and bought it as a fixer upper

and most items I buy are no where near being new lol
biohazardbill is offline   Reply With Quote
Old October 12th, 2007, 01:11 PM   #15
Lothos
KD8GKB
 
Lothos's Avatar
 
Join Date: 11-17-05
Location: .5 past lightspeed
Posts: 6,506
iTrader: (3)
Send a message via ICQ to Lothos Send a message via AIM to Lothos Send a message via Yahoo to Lothos
Quote:
Originally Posted by biohazardbill View Post
Sometimes they have asked me about under priced vehicles, at that point I tell them it does not run (which alot of times is true) and bought it as a fixer upper

and most items I buy are no where near being new lol
my dad gave me his motorcycle after his leg was amputated. It was worth in mint condition $500. SoS insisted on charging me on $50 sale price to tax me for it.
Lothos is offline   Reply With Quote
Old October 12th, 2007, 01:26 PM   #16
Dave Kerwin
web wheeling, hard.
 
Dave Kerwin's Avatar
 
Join Date: 11-18-05
Location: SE MI
Posts: 6,667
iTrader: (9)
Quote:
Originally Posted by HackSaw View Post
Can I meet someone at the secretary of state and trasnfer a title on the spot, with them, to avoid issues?

no, unfortunately it is too difficult to coordinate.
Dave Kerwin is offline   Reply With Quote
Old October 12th, 2007, 01:30 PM   #17
Flexin' XJ
Senior Member
 
Flexin' XJ's Avatar
 
Join Date: 02-04-07
Location: Holt, MI
Posts: 4,456
iTrader: (19)
I thought when transfering vehicles from father to son you don't have to pay the tax. That was one of the benefits of selling to family member.

yeah, from the SOS website:

Printer Friendly Text Version Email Page Text Size
Definition of Relative

If you purchase a vehicle from another person, 6% tax is due of the full purchase price or fair market value, whichever is greater. No tax is due if you purchase a vehicle from an immediate family member. An immediate family member is defined as:

Spouse
Parent (natural or adoptive)
Brother or sister (includes half-brother and half-sister)
Child (natural or adopted)
Stepparent, stepbrother, stepsister, or stepchild*
Grandparent or grandchild
Legal ward, or legally appointed guardian with a certified letter of guardianship


*for tax purposes, a step relationship ends upon divorce



Please note that relatives not listed above (in-laws, nieces, nephews, cousins, great-grandparents) are not defined as immediate family relatives. Vehicles purchased or acquired from in-laws, nieces, nephews, aunts, uncles, and great-grandparents are subject to 6% tax on the purchase price or vehicle value.



SOS: SUPRISE! Buttsecks!

Lothos: WTF? Aw Damn!
Flexin' XJ is offline   Reply With Quote
Reply
Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > The Pub
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -5. The time now is 07:51 AM.


Powered by: vBulletin, Copyright 2000 - 2012, Jelsoft Enterprises Ltd.
Copyright 2005 - 2012 Cracker Enterprises - Powered by Linux
vB Ad Management by =RedTyger=
Page generated in 0.16727 seconds with 44 queries