What is a Motorcycle Bill of Sale
A motorcycle bill of sale is a form that serves as proof of purchase, giving the buyer written confirmation that they obtained a motorcycle through legal means. The form, in addition to the bike’s title, is required for registering the newly acquired vehicle.
The bill of sale will only be viewed as valid if it contains the electronic or handwritten signatures of both parties.
How to Sell a Motorcycle
Step 1 – Prep It
Prior to listing the motorcycle, give it a thorough clean and check for scuffs, damage, dry rot, and missing parts. Write down any and all issues that will not be fixed so they can be included in the listing as a disclaimer to potential buyers.
Take the bike for a ride as long as it runs well, the tires are inflated, and there’s nothing mechanically dangerous. Feel the suspension, shift through all gears, and test the front and back brakes.
If the bike has not been inspected, having an inspection done prior to listing will increase buyer activity significantly, as an inspection sticker is seen as a badge that affirms it’s in riding condition.
Common post-winter issues:
When selling a bike that has been sitting for several months or longer, some areas may require extra attention:
- Carburetor – Clogs are common; this doesn’t apply to fuel-injected bikes.
- Chain – A rusty chain should be replaced if it’s deeper than surface rust. Otherwise, slightly rusty or dirty chains should be cleaned and lubricated.
- Dead battery – Dead batteries should be put on a trickle charger. If it takes a charge, reinstall the battery and attempt to start the motorcycle. Otherwise, a new battery will need to be purchased.
- Dry-rotted tires – Cracks along the sidewall of a tire are a telltale sign of dry rot, and should be replaced.
- Cables – The clutch and/or throttle cables may require lubrication or replacement entirely. Slight “play” in clutch cables is normal.
Step 2 – Take Pictures
The majority of smartphones can take high-quality photos. Take photos from all angles of the bike, including close-up pictures of the tires, chain, gauges, and any damage/scratches/dents. Don’t try and hide things from the buyer – being upfront and honest will make the selling process easier.
Step 3 – Set the Price
The market for motorcycles is the strongest in the spring/summer months. To get a good grasp of the price one should set for a motorcycle, consult the following resources:
Additionally, one should check the marketplaces listed in step 4 below to see reference prices. This allows sellers to see what motorcycles of the same make, model, mileage, and year are selling for.
Step 4 – List it Online
Listing the motorcycle online provides sellers with significant exposure, oftentimes for free. The following sites have large networks of interested motorcycle shoppers:
- Craigslist – $5 per listing.
- Facebook Marketplace – No listing fees.
- eBay – Fee varies.
- CycleTrader – Fee varies.
- Motorcycles.Autotrader – Starting at $19/95 for 2 weeks.
- Motorcycle.com – Classifieds – No listing fees.
If the seller lives in a high-traffic area, displaying the bike outside with a “for sale” sign can increase potential leads. Be warned that long-term outdoor storage could cause rust or sunspots to appear on the paint, as well as nesting animals.
Step 5 – Show + Negotiate
Communicate with potential buyers to arrange showings. If the seller wishes, they can permit potential buyers to take the motorcycle for a test ride.
Once an interested buyer makes an offer, the seller can negotiate or accept the offer. Ideally, the seller should begin negotiation with a predetermined minimum amount they will accept for the bike. This prevents emotion and other variables from interfering with the deal.
Step 6 – Complete the Paperwork
Once the parties reach an agreement, the buyer will need to pay the seller. Payment should take place prior to signing the bill of sale. The seller will need to provide the title and completed bill of sale to the buyer.
Both parties must sign their names on the document (either by hand or online with eSign). Once money has changed hands and the bill of sale has been signed, the transaction is complete.
Registration Fees: By State
Sample
Download: PDF, Word (.docx), OpenDocument
MOTORCYCLE BILL OF SALE
Date of sale: [MM/DD/YYYY]
For goods and other consideration and in payment of the sum of $ [SALE PRICE], the undersigned [SELLER NAME] (Seller) of [SELLER ADDRESS] hereby sells and transfers to [BUYER NAME] (Buyer) of [BUYER ADDRESS] the following described motorcycle:
Make: [MAKE]
Model: [MODEL]
Year: [YYYY]
CC: [CUBIC CAPACITY (#)]
Color: [COLOR]
Odometer: [#]
VIN: [#]
The above-described motorcycle is to be sold free and clear of any liens, encumbrances, or mortgages. Seller certifies that they are the legal and true owner of the motorcycle, which is to be sold in “as-is” condition.
IN WITNESS WHEREOF, the Buyer and Seller agree to the terms of this bill of sale.
Seller Signature: ______________________________ Date: _______________
Buyer Signature: ______________________________ Date: _______________
NOTARY ACKNOWLEDGMENT
State of [STATE]
County of [COUNTY]
The foregoing instrument was acknowledged before me, [NOTARY PUBLIC NAME], on [MM/DD/YYYY], by [SELLER NAME] and [BUYER NAME], who are personally known to me or satisfactorily proven to me to be the persons whose names are subscribed to the within instrument.
WITNESS my hand and official seal.
Signature: ________________________
(Seal)
How to Write a Bill of Sale for Motorcycle
Date, Price, and Parties
The date that the bill of sale is being completed should be entered at the top of the form. Then, the parties can provide the sale price of the motorcycle and their respective names and mailing addresses.
Vehicle Information
The seller should make sure the following vehicle information is added to the bill of sale:
- Make
- Model
- Year
- CC (Cubic Capacity)
- Color
- Odometer
- VIN
Signatures and Notary Acknowledgment
Both the seller and buyer must sign their names and enter the date in the appropriate fields. If the parties wish to have a notary public acknowledge the signatures on the bill of sale, they should only sign when instructed to do so by the notary.