Boats in Michigan: Do They Have Titles?

In Michigan, which is surrounded by lakes, boating is a preferred pastime of both locals and visitors. One of the things you need to know before buying or selling a boat in Michigan is whether or not the vessel has a title. Yes, it is the answer. Like cars and other vehicles, boats in Michigan have titles.

In Michigan, boat titles must be issued by the Michigan Department of Natural Resources (DNR). The seller must give you a title if you are purchasing a boat. The hull identification number (HIN), along with the boat’s make, model, and year, are all included in the title. Verify that the seller is the boat’s legitimate owner and has the authority to transfer the title to you.

You might also need to register your boat with the DNR in addition to having the title. In Michigan, boats with engines that produce more than 6 horsepower must be registered. The length of the boat affects the registration charge. Boat registration is available both online and in person at participating retail locations and DNR offices.

In Michigan, drop shipments are often taxable unless the seller receives a legitimate exemption certificate from the buyer. Now, to the relevant questions. The tax on the drop shipping to the state of Michigan must be paid by the buyer.

In Michigan, used cars are subject to a 6% sales tax. Whichever is higher, the purchase price or the car’s standard presumed value (SPV), applies. The SPV is determined by the manufacturer, model, year, and state of the automobile.

In Michigan, you must still pay sales tax if you buy a secondhand car from a private party. You must report the sale and pay the tax to the Michigan Department of Treasury within 15 days of the purchase date because the seller is not liable for collecting it.

In conclusion, if a boat has a motor with more than 6 horsepower, it must be registered with the DNR and have a title. In Michigan, drop shipments are subject to taxation, toilet paper is exempt from taxation, and the used-car sales tax rate is 6%. You are liable for paying the state’s sales tax if you purchase a used car in Michigan from a private seller.