The exact form of this document varies from place to place. However, regardless of these variations, some details appear in almost all of these documents. They are listed below: if you are responding to interested parties, suggest meeting in a public place to present the motorcycle. A bank, a shopping district or, ideally, a car dealership are all decent places to make selling easier. If the vehicle is actively financed, the optimal place for completion would be with the financial institution where the loan was initiated. If the bike is directly owned, the buyer`s bank is a great choice to avoid carrying large sums of money for one of the parties involved. In case a potential buyer requests a test drive, always ask for collateral ID and perhaps the cash amount of the offer price. Keep in mind that you don`t have to grant one, as an optional alternative might be to have it inspected by a mechanical specialist. When it comes to testing a motorcycle, there`s a higher risk than with a car or truck, especially if you`re not selling to an experienced driver. If you choose to allow one, always check their license credentials and insist that they wear a headset. Once an agreement has been reached on the purchase price, you can fulfill the purchase contract, exchange payment and receive license plates and registration.
Also be prepared to present the keys, title (signed), user manual and vehicle history to the new owner to complete the transaction. Details: A purchase contract is a legal document that shows that ownership of a motorcycle has been changed from owner to buyer for the price agreed with the current make, model and mileage. Due to the legality of a purchase contract, attention to detail is very important in the preparation of the document. A purchase contract is drawn up by the seller, but serves to protect both parties in case of disagreement on the conditions of the sale of motorcycle. When buying old motorcycles, the deed of sale becomes even more important. Online ads are beneficial because they increase the number of people they see. Facebook Marketplace, eBay, Craigslist and CycleTrader are commonly used to list motorcycles. Sellers find the most benefits of advertising across multiple platforms, so more people see them. Simply download an empty purchase agreement printable in PDF or Word format, fill it out and submit it to the competent authorities.
Proper documentation of the sale of your motorcycle is essential to prove ownership and provide proof of the purchase price set for tax purposes. This proof of ownership is useful when you receive the registration and transfer title to the vehicle after it has changed hands. The form can also help the seller after the sale is complete, if the motorcycle is abandoned or used illegally before the transfer. Under the title of the form, enter the date on which the form will be completed. Then enter the price at which the motorcycle will be sold, followed by the name and address of the seller and buyer (starting with the seller). Although witnesses are not required in all states, you should consider a witness sign to vouch for the condition of the bike and prove the authenticity of the purchase contract. A motorcycle purchase contract is at the heart of the motorcycle sale process and provides the buyer of a dirt, street, cruiser, café racer or adventure motorcycle with official proof that they are now the official owner of the motorcycle. It is better to sell a clean and functional motorcycle. Therefore, it should be inspected by a licensed mechanic and repaired or sanded with visible rust. After washing the bike, it is best to wax each visible finish with a traditional wax. Remember that both the buyer and seller must keep a signed copy of the purchase contract form. To evaluate the recommended retail price of the vehicle, you can start on a website of leading evaluation resources such as Kelley Blue Book, NadaGuides or Cycle Trader.
Then, explore the average selling price for the same or similar used motorcycles in your geographic area in online and print classifieds, or get a copy of Motorcycle Shopper Magazine. This will give you a better idea of what buyers are willing to pay, which may depend on your location and the time of year you want to sell. Once you`ve determined what you think the bike is worth, think about what you`re willing to take for it and limit what your prepared fixed price would be. When signing up, you may also want to add a few hundred dollars more to the price, as most buyers are looking for an offer when buying a used motorcycle. If your bike has been equipped with spare accessories, you should consider selling it separately. They usually don`t add significant value to the vehicle, but could earn an additional amount if sold individually. While you can draft a purchase agreement by hand, it is still recommended to use a printed motorcycle purchase agreement form, especially if you operate a business where you provide this document to customers on a regular basis. Owners sell motorcycles online, in person or through dealerships. .
