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The motorcycle bill of sale form is a purchase agreement for motorcycle that entitles an individual to purchase and hold a receipt after a transaction, which is required for registration and titling of the motorcycle. When a buyer pays in cash, this document will be the only proof that the transaction is legal and that ownership has been transferred. The motorcycle will be offered for sale in ""as-is"" condition.
If an inspection request is made, it must be completed and notarized by a state Notary Public before the completion of the sale.
As well as serving as a legal document for a motorcycle sale, gift, or transaction, it contains valuable information that can be used to provide future buyers with a detailed vehicle history record. Before they even begin title transfer paperwork, some states and territories require a notarized Motorcycle Bill of Sale (and you must also own the motorcycle).
A motorcycle bill of sale must include the following information to be legally recognized (create and download this Lawrina Templates sample):
To get the highest price for your motorcycle when you sell it, it's best to consider all marketing options. Once a potential buyer is found, a legally binding contract should be signed using a bill of sale. You can use a printable motorcycle bill of sale template found online. The buyer will need the bill of sale to register in their respective state after completing the transaction.
To ensure your motorcycle is sold in good condition, have it inspected by a mechanic, and be sure to touch up any visible rust. Wash the motorcycle and wax any visible finish with a traditional wax.
A motorcycle's worth can be determined by finding similar bikes for sale in your area and comparing them or by using an online price estimator. Even though it's always recommended to check your local market and use all the available estimators, the Kelley Blue Book (KBB.com) is the best. You can also use NadaGuides.com and CycleTrader.com.
As part of listing the motorcycle for sale, getting it in front of as many people as possible is important. Therefore, the seller should use all online marketplaces, newspapers, and local classified magazines. As part of this process, the seller will take photos of the bike and gather all the necessary information for marketing and promotional purposes.
What are the best websites to sell motorcycles?
What are the best non-online places to sell a motorcycle?
The best way to sell a motorcycle is to show it to the potential buyer and allow them to take a test drive if you feel comfortable doing so. The motorcycle should be in showroom condition, which means it should look the best it can, given its current condition.
When the buyer decides to purchase, an exchange usually occurs on the spot, and a price can be negotiated. In most cases, the buyer will be upfront about their interest. A general motorcycle bill of sale may be used to finalize the terms of the transaction if a verbal agreement is reached.
On reputable legal websites, you can find pdf motorcycle bill of sale templates that you can modify to include any necessary information regarding a lien or special circumstances in the guarantee clause.
Unless the parties have agreed to a wire transfer, the buyer must possess the funds in certified checks, money orders, or cashier's checks at the time of sale. The buyer and seller must input the details into the bill of sale, including the title and registration. The seller will need the title and registration of the motorcycle.
Both parties should present government identification and be copied or photographed after the possession exchange has occurred to verify signatures.
The buyer will then have the option to register with their state.
Taking these simple steps can help you sell your motorcycle safely and successfully.
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Many states require sellers to complete a bill of sale and register it with the local DMV. Additionally, in some states, it must also be notarized.
It is important for the motorcycle bill of sale to provide details regarding the motorcycle's make, model, and registration, as well as its Vehicle Identification Number (VIN) and odometer reading.
There are different fees associated with motorcycle title transfers in different states. For example, a title transfer fee in Texas is $25 to $33, depending on your county. A bill of sale form for motorcycle can be found online.
Like a receipt, a bill of sale proves ownership has been transferred. It also specifies the terms of the sale, including price, delivery, and condition. The bill of sale is used to prove the true owner of a vehicle and determine whether or not sales tax must be paid on the transaction. Use a blank bill of sale for motorcycle template to complete a motorcycle purchase agreement for a smooth transaction.