Also, before thinking of selling, make sure that you can sell your motorcycle legally. In case there is more than one buyer, list all of their details.
You should also include the apartment number and zip code as part of the details. The document must include the complete names and addresses of yourself as the seller and your buyer. Since there isn’t an official format for a bill of sale for motorcycle, here are some tips to help you write it:
Until the new owner registers the motorcycle with the Department of Motor Vehicles in your state, this document acts as the registration and title. Writing this document only takes a couple minutes but it has innumerable benefits.
If you plan to sell your motorcycle, you should learn how to write a motorcycle bill of sale for it. How do you write a bill of sale for a motorcycle? Moreover, you can use the same document to get tax returns or breaks should you qualify for these exemptions. You can also use the document when filing your tax returns as it serves as proof that you carried out the transaction that you specified. The details in the document make this possible. The jury will rely on this to ascertain as to which party is at fault. Should there be any legal issues that might arise because of the sale, the existence of this document can make things easier for you. All these measures minimize, if not prevent possible counterfeit and fraud. Additionally, some appropriate background checks are usually done before an official seal of approval or signature gets affixed on the document. By having the document notarized, it becomes official. This document can do much in the prevention of fraud, especially if you have it notarized. In some states, there is even a requirement that you must first notarize the document to prove its authenticity. This is a necessity in compliance with the statutory laws that govern the transfer of such assets. Most states and jurisdictions consider the bill of sale as a requirement for transferring ownership of motorcycles. It’s a requirement for ownership transfers.You can even think of it as a receipt for the transaction. It includes important information like the price of the motorcycle, the motorcycle’s name, the date of the sale, and the people involved in the transaction. This document serves as proof that the transaction happened. Aside from these, you may also use the document to combat any legal issues related to the sale if needed.Ĭreating or using a template motorcycle bill of sale form is important for many reasons, the most important of which are: Motorcycle bill of sale 20 (17 KB) The importance of this documentįirst and foremost, the motorcycle bill of sale is the main proof that a transfer took place as it identifies the parties involved in the transaction and the costs associated with it.
The buyer also needs this to become the legal owner of the vehicle. In some states, you might have to notarize this document first before you can start processing the paperwork for the title transfer. Moreover, the document contains important information that you and the buyer can use to maintain a more detailed history record, should the buyer decide to resell the vehicle. The answer to this question is yes since the motorcycle bill of sale serves as an official record of your sale.
Despite these differences, you must include these basic details in the document to make it effective and official: There is no exact form and shape for the motorcycle bill of sale as it varies from one place to another. Motorcycle bill of sale 10 (23 KB) Parts of a motorcycle bill of sale