16+ Sample Motorcycle Bill of Sales
What is a Motorcycle Bill of Sale?
A motorcycle bill of sale is a sales receipt stating that the ownership of a motorcycle is transferred to the buyer from the seller. This is a kind of purchase receipt that denotes that the motorcycle has been sold. It contains all the details of the motorcycle and all the terms of the sale. In any motorcycle agreement sample, a bill of sale is needed to prove that the sale has been accomplished. A free motorcycle bill of sale can give buyers the confidence that the vehicle is completely theirs. That is why a printable motorcycle bill of sale is needed after having the transaction of sale. This is something that the buyer should take home together with the newly-purchased vehicle.
It does not matter if you are just going to have a simple bill of sale for a motorcycle or a generic motorcycle bill of sale. What matters is that you will have the proof of sale for your purchase. So, having a motorcycle bill of sale PDF is a must. If your seller cannot give you a bill of sale for a motorcycle, you must request this. You can urge the seller to find a motorcycle bill of sale template or a free motorcycle bill of sale template on the internet. Make the seller understand that you need a vehicle bill of sale for your own protection.
Benefits of a Motorcycle Bill of Sale
A motorcycle bill of sale may be required to prove that you own the motorcycle. But this is not the only reason why a motorcycle bill of sale is important. The truth is it has a lot of benefits. By having a motorcycle bill of sale, you can have the convenience that you need. Learn some of the benefits of a motorcycle bill of sale.
Easier Registration: For you to have an easier registration for your motorcycle, you need the motorcycle bill of sale. It can expedite the process of registering your vehicle. No one can contest that you own the vehicle. No one will doubt your ownership. In the registration process, the staff usually checks the ownership of the vehicle to ensure that it is not stolen. If you have the motorcycle bill of sale, there is no need for any vehicle report just to prove your ownership. The registration bureau will believe that you own the vehicle. They will immediately process your application for registration.Legal Protection: A motorcycle bill of sale is needed for your own protection. Legally, you own the vehicle. No one can dispute that with you. You can have your rights for your ownership of the vehicle. No one can take away the vehicle from you. If someone says that they own your motorcycle, you can show the motorcycle bill of sale to prove that you own the vehicle legally. Even the seller cannot take away the motorcycle from you. The motorcycle bill of sale is proof that it is already sold to you. The ownership has been transferred to you legally and you have all the legal rights on the vehicle. This is a vehicle sale agreement that proves that you have paid for the motorcycle.Having Smarter Decisions: It is just wise to ask for a motorcycle bill of sale when you purchase a motorcycle. This is for your own safety. With a motorcycle bill of sale, you can have the complete history of the vehicle. You do not need a vehicle report just to know if the motorcycle is good enough. With the complete information, you can easily decide on your vehicle checklist or daily vehicle checklist on how you are going to take care of the vehicle. You can be more comfortable because you know the vehicle’s history. Also, you can use the bill of sale to know the truth about the history of the vehicle. You can request the vehicle report using the bill of sale. Not only this, but through a motorcycle bill of sale, you can also have a sure chance to sell the vehicle when you need it. The motorcycle bill of sale will prove your ownership. So, it will be easy for you to sell the vehicle when you have the need for it. There can be many things where the motorcycle bill of sale will be of use. It is a very wise decision to have it from the seller.Following the Law: When you give a motorcycle bill of sale to your buyer, you are following the law. This document is needed to transfer ownership. Through it, we can avoid scams when it comes to sales agreements. We can also be sure that we can avoid disputes. In everything, we have to remember that we should follow. It is needed to be a good citizen. When you follow the law, you can expect to have no problems with your dealings. You can also have the benefits of following the law. So, whether you are a buyer or a seller, be sure to have a motorcycle bill of sale when having a transaction of selling or buying a motorcycle. It can look after some things about your motorcycle, especially legal things.Good for Tax Purposes: The motorcycle bill of sale is a good document for the seller. Of course, the seller has to pay sales tax for selling the motorcycle. The seller can use the bill of sale to prove that the motorcycle has been sold for a particular amount. This way, there will be no question about the sales tax. A seller needs the bill of sale, especially if he or she is an honest person who wants to pay the right taxes. By having the motorcycle bill of sale, the seller will have the right documents for paying taxes. Sellers will not experience any problems when paying the sales tax.Avoids Misunderstanding: To avoid any misunderstanding between the two parties, a motorcycle bill of sale is needed. The buyer will know the descriptions and the actual condition of the motorcycle through the motorcycle bill of sale. Because of this, the seller can be confident from the beginning that the buyer knows what he is buying. So, if buyers accept the bill of sale, they have no right to return the vehicle if ever they have changed their minds about the motorcycle. Unless there is a clause in the bill of sale that the property can be returned for a particular time, then the sale will be final. After the vehicle safety inspection checklist has been cleared and the inspection report has been made, the buyer will have responsibility for the vehicle after accepting the bill of sale. When this happens, buyers have no right to dispute the return of the property. On the other hand, sellers do not have the right to dispute the property when it is already sold to the buyer. The motorcycle bill of sale has complete details that the buyer has bought the property for a particular price. So, no one can argue with the ownership of the buyer. The motorcycle will remain in the property of the buyer because of the bill of sale.
Tips on Selling a Motorcycle
Before you should give a motorcycle bill of sale to your buyers, there can be many things that you need to do to ensure that you are selling rightfully. Maybe you should use practical tips on selling your motorcycle. Have the following tips:
Know Your Vehicle: Before selling anything, be sure that you know your product. This is especially true when selling a motorcycle. If the buyer knows more about the vehicle than you, the buyer can take advantage of it. Or the possibility is that the buyer will not buy from you. Be particular with the maintenance checklist or vehicle maintenance checklist of your vehicle. If you know everything about your motorcycle, you can be sure that you can sell it to the buyer.Prepare Documentation: To prove whatever you are going to say to the buyer, you need documents. Proper documentation can prove that you are selling a good vehicle. So, showing a vehicle report or a vehicle incident report can prove that the motorcycle is in very good condition. You must be able to show proof of the vehicle’s history. This way, buyers will know that they are on the right track to buying your vehicle.Clean the Motorcycle: Be sure that before you show the motorcycle to the buyer, it has already the wash of its life. By cleaning the motorcycle first, it would look spot clean and polished to the buyer. Buyers can be encouraged to buy your motorcycle because of this. So, wash it thoroughly and do not forget the basic maintenance.
How to Write a Motorcycle Bill of Sale
Do you need a motorcycle bill of sale? Do you know how to write a motorcycle bill of sale? Maybe you want some instructions so you can write a motorcycle bill of sale. We can help you.
1. State the Motorcycle Details
The motorcycle bill of sale will not be complete unless you include the details of the motorcycle. You need to give the total description of the motorcycle. You have to state the make, model, VIN (Vehicle Identification Number), color, odometer reading, and year.
2. State Information of Parties
Another important thing is the information of both parties. You should write the details about the seller and the buyer. This includes the name of the buyer and the seller, their address, and their contact information. Be accurate in stating this information.
3. Set the Price
Now, another important thing in the motorcycle bill of sale is the price of the motorcycle. Set a fair price for the motorcycle. What you are going to write in the bill of sale is the negotiated price by both parties. Be clear in stating the price.
4. Sign and Notarize
When you have finished writing the motorcycle bill of sale, it is ready for the signatures of both parties. The buyer and the seller must sign the bill of sale. After that, they should notarize it to make it legal.
What are the types of bill of sale?
The types of bill of sales are the absolute bill of sale and the conditional bill of sale.
What will happen if I will purchase a vehicle without a bill of sale?
Though this thing can happen, it can be very risky. You can have the chance of being scammed if you will not have a bill of sale. Also, you will have nothing to show to the registration bureau that you truly own the vehicle. This may cause some problems.
When you are having your dream of buying a motorcycle, do not be in the haste to not get a motorcycle bill of sale. You may experience some hassles if you will not have it. For your own protection and safety, secure a motorcycle bill of sale that will be proof of transfer of ownership. This way, you can show to anyone that you truly own the motorcycle.