If you are a motorcycle or scooter owner then you must be aware with a motorcycle bill or sale. A motorcycle bill of sale is a document that is used to record the transaction during the exchange of ownership from one party to another. It is mandatory to have a motorcycle bill of sale as per the laws in many countries. The name and contact information of both seller and buyer is written on this form along with the details of motorcycle or scooter. This is a law binding document, so it needs to be written properly with correct format.
As a buyer, you should get a printable motorcycle bill of sale while purchasing a bike or scooter. This document records the transaction that took place between seller and buyer. This document is further used for insurance and vehicle registration. Make sure to write down the amount of transaction and the mode of payment method, the signature of both the parties should be there along with the date.
On this page, we’ve shared free printable motorcycle bill of sale templates. Check out the templates below and download a suitable one for your use.
Free Motorcycle Bill of Sale Template
What is a motorcycle bill of sale?
A motorcycle bill of sale is a legal agreement that allows an individual to buy and hold a receipt after the transaction of a motorcycle. It is necessary to have bill of sale for vehicle registration and titling. Make sure to never sold a vehicle without a printable bill of sale. This document is a proof that you’ve sold your motorcycle or scooter to someone else. Both seller and buyer are required to sign this document in order to legalize the transaction that took place between them.
There are numerous benefits of creating a bill of sale when you sell your motorcycle or scooter:
- this document proves that a bike is sold to someone else
- the rights of both buyer and seller are protected in case of a dispute
- the sales contract protects the buyer and seller
- this document is a proof that a sale is successfully completed with the agreement of both the parties.
Whenever a sale or some sort of transaction is happening, it is necessary to document the entire process in order to protect the right of all the parties involved. This eliminates the chances of many conflicts that may arise over the sale down the road.
Printable Motorcycle Bill of Sale Form
Is Bill of Sale Important for Buyers?
A bill of sale is equally important for a buyer as well;
- it allows them to register and insure the vehicle
- to prove that they are the legal owner of a vehicle and did not steal it
- to prove the transaction took place with the agreement of a seller.
In many countries, you cannot register a vehicle without a valid bill of sale. Therefore, as a buyer you must get a copy of bill of sale in order to complete the registration and other processes done to transfer the bike into the new owner’s name. A bill of sale is one document that should never be skipped.
Do I need a bill of sale for a motorcycle?
The answer is YES! This document should be signed by both seller and buyer in order to legalize the while sale process. This document protects the legal rights of both the parties, therefore, make sure to never skip this important document. In many states, you might have to notarize this document first before you can start processing the paperwork for the title transfer.
The seller needs this document to prove that a vehicle is sold to someone and he has no responsibility of it. On the other hand, a buyer needs this document to become the legal owner of the vehicle.
More Information
A bill of sale is one of the most important sales document that is used to record the transfer of ownership of a motorcycle from a seller to a buyer. It acts as a proof of the transaction, outlines the terms and conditions of the sale. Please note that the format of this document may vary from state to state, therefore, make sure to know about the laws in your state and prepare this document accordingly.
For the reference, different type of bill of sale templates are shared here for free download in a printable format. It is recommended to consult with local authorities or legal professionals to ensure compliance with applicable laws and regulations.