Arkwright, Michigan

Arkwright, Michigan UTV Bill of Sale for Financed vehicle — Get a Blank Template

Download a blank utv bill of sale template for a financed vehicle in Arkwright, Michigan. Print it out and fill in the details by hand.

Get a blank template

Template Fields

This blank utv bill of sale template for Michigan contains the following sections:

Seller Info

Name, address, phone, email

Buyer Info

Name, address, phone, email

Vehicle Details

Year, make, model, color, body

VIN & Odometer

17-digit VIN, current mileage

Sale Terms

Price, payment method, date

Disclosures

As-is status, known defects

Signatures

Buyer/seller lines with date

Notarization

Notary block if state requires

How to Fill Out This Template

1Print the blank template on US Letter paper
2Enter the utv details exactly as they appear on the title
3Record the odometer reading at the time of sale
4Agree on the sale price and fill in the payment terms
5Both parties sign and date in the presence of each other
6File the completed form with your local Michigan DMV within the required timeframe

Tip: Our online generator pre-fills Michigan-specific requirements so you don’t miss any required fields.

Financed vehicle — What You Need to Know

The buyer is financing the purchase through a lender. The lender will hold a security interest in the vehicle until the loan is paid in full, and the title will reflect the lienholder.

Seller guidance

If you are selling as a private party offering financing (seller financing), the transaction is governed by the Truth in Lending Act (TILA), Regulation Z (12 CFR Part 1026). You must provide the buyer a written disclosure of APR, finance charge, amount financed, total payments, and payment schedule. Failure to comply can expose you to civil liability.

Buyer guidance

When financing through a bank or credit union, your lender will place a lien on the title. You will not receive a clear title until the loan is paid off. Under TILA, you have the right to a written disclosure of all loan terms before signing. Review the APR and total cost of financing carefully.

Legal note (Michigan-specific)

MI lienholders must release the lien within 7 days of payoff per MCL 257.236. The lienholder files a release through the Secretary of State's ELT system or provides a physical release. The buyer should verify the title is clear before completing the purchase.

Financed vehicle checklist

Obtain pre-approval letter or lender commitment before finalizing sale price
Confirm lender's payoff instructions if seller has an existing lien
Record the new lienholder on the title at the DMV
Review TILA disclosure for APR, finance charge, and payment schedule
Retain a copy of the signed bill of sale and loan documents
Obtain written payoff amount from lienholder
Lienholder releases lien within 7 days per MCL 257.236
Confirm release in MI Secretary of State ELT system
Transfer title within 15 days of sale

UTV Safety & Recall Information

Data sourced from NHTSA safety ratings and recall databases

Average Safety Rating

0 / 5

Avg. Price Range

$5,000–$25,000

Odometer Disclosure

Not required

Safety checkpoints for utv buyers

Verify ROPS (Roll-Over Protective Structure) is intact and unmodified
Check seat belt function for all seating positions
Inspect half doors and nets for proper latching
Test differential lock and selectable drive modes
Confirm headlights, taillights, and brake lights all function
Verify parking brake holds the vehicle on a 15-degree slope
Check that windshield (if equipped) is rated and unmodified
Test horn and warning beeper function

Common recall categories

SteeringFuel SystemFire HazardSuspensionSeat Belts

On average, each utv model has approximately 2.8 recalls. Always check your specific vehicle at NHTSA.gov/recalls before completing a sale.

Michigan Tax & Fee Summary

State Sales Tax Rate

Title Transfer Fee

$15

Private Party Exempt

Flat 6% use tax statewide

Use tax applies to private party vehicle purchases

Visit the official Michigan DMV website

Arkwright Financed vehicle utv template — when to file

Michigan requires title transfer within 15 days of the sale date on the bill of sale. For financed vehicle transactions specifically, file at Michigan DMV – Arkwright (Visit https://www.michigan.gov/sos to find the nearest Arkwright office) during normal hours: Mon–Fri 8:00 AM–5:00 PM (verify hours with local office). Miss the 15-day window and Michigan typically charges a late-transfer penalty plus accrued use tax, and the seller can remain on the title for civil liability until the buyer completes retitling. Bring the signed title, the completed Arkwright bill of sale, your government-issued ID, and payment for the $15.00 title transfer fee plus 6% sales tax on the purchase price.

Template reminder. Whether you keep your template as a blank template you fill in by hand, both buyer and seller should leave the signing with an identical executed copy. The buyer needs the original to present at Michigan DMV – Arkwright; the seller keeps a duplicate to prove the date of transfer if a future liability question arises before the title fully retitles.

Frequently asked questions

What financed vehicle documents do I need for a utv sale in Arkwright, Michigan?

For a financed vehicle utv transaction in Arkwright, you need: Obtain pre-approval letter or lender commitment before finalizing sale price; Confirm lender's payoff instructions if seller has an existing lien; Record the new lienholder on the title at the DMV; Review TILA disclosure for APR, finance charge, and payment schedule; Retain a copy of the signed bill of sale and loan documents; Obtain written payoff amount from lienholder; Lienholder releases lien within 7 days per MCL 257.236; Confirm release in MI Secretary of State ELT system; Transfer title within 15 days of sale.

What is the sales tax on a utv private sale in Arkwright, Michigan?

The Michigan state sales tax rate is 6%. Flat 6% use tax statewide. Use tax applies to private party vehicle purchases

Do I need to notarize a utv bill of sale in Michigan?

Check with your local Michigan DMV office for notarization requirements. Requirements can vary by county.

What are common recalls for a utv?

Common recall categories for utvs include: Steering, Fuel System, Fire Hazard, Suspension, Seat Belts. On average, each utv model has approximately 2.8 recalls. Always check your specific vehicle at NHTSA.gov before completing a sale.