This form is a generic Bill of Sale for a Motorcycle from an individual rather than from a dealer. No warranty is being made as to its condition.
This form is a generic Bill of Sale for a Motorcycle from an individual rather than from a dealer. No warranty is being made as to its condition.
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A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
Begin by labeling the receipt as "Bill of Sale" and list the date of the transaction. Identify all the pertinent identification for your car so there's no confusion about what's being sold. Write the car make, model, registration number and mileage on the face of the receipt.
Give your buyer a receipt with details of the bike, buyer and the amount they have paid. Sign, date and write 'sold as seen' on the bottom. Finally you must give the buyer the New Keeper section of the V5 log book and get them to write their details and the mileage of the bike on the main part of the V5.
Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid. Some states require a bill of sale while others don't.
The seller's name and address. The buyer's name and address. A description of the item being sold, including serial numbers, identification numbers, make, model, size, color, design, any distinguishing marks, features or faults source: Cooper.
Post Sale: Mail the DMV Release of Liability as soon as possible; best if mailed that same day. In the event the motorcycle is used in an illegal manner or is involved in an accident, this will keep you safe. Don't forget to make a copy of the Release of Liability and keep it with your copy of the Bill of Sale.
A bill of sale should, at a minimum, include information identifying the parties to the transaction (the buyer and seller), the total purchase price, and a specific description of the item that was sold.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
Know your number. Examine book values, but don't live or die by them. Figure out who's got your title. If you have a clean and clear title, great. Clear your schedule. If you're like me, you're busy. Choose a meeting spot. Plan your ad. Shoot photos. Allow test rides. Give the new owner a present.