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anyone live in MI?? got couple of questions about MI DMV

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Old 11-09-10, 04:15 PM   #1
RGW LLC
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Default anyone live in MI?? got couple of questions about MI DMV

anyone here in MI?? please PM me if you can....

my friend just bought a car from me.....i guess the Michigan DMV requires NO paperwork when you go in....but don't i have to write my friend a receipt, so he can pay tax on it?? or how that works???

thanks

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Old 11-14-10, 04:28 PM   #2
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no one on here is from MI???
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Old 11-14-10, 05:09 PM   #3
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Moved here for more help.
 
Old 11-14-10, 07:56 PM   #4
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you don't need anything, they say to have a bill of sale just in case but you just tell them how much you paid for the car and they tax you on that. they look at the title portions filled out and if the selling price is blank they ask what you paid. and a date of sale cause if you wait like 6 months to register then you get a late fee charged.
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Old 11-22-10, 03:16 PM   #5
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If you want to save your friend some money give him the title and tell him to put a low price on it so he saves on taxes
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Old 11-25-10, 09:19 AM   #6
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If you claim you paid too little for it, the state will send you a letter demanding you pay tax on the book value of the car. It happened to me a few years ago. Not worth the potential hassles.
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Old 11-28-10, 11:09 AM   #7
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Quote:
Originally Posted by placer View Post
If you claim you paid too little for it, the state will send you a letter demanding you pay tax on the book value of the car. It happened to me a few years ago. Not worth the potential hassles.
interesting. few years ago i had a 95 miata worth about 3000 and said i paid 500...no hassles.
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Old 01-26-12, 07:49 PM   #8
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the most i ever put down was 150 bucks
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