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 the event that a potential buyer requests a test drive, always ask for a warranty identification and possibly 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 on the purchase price has been concluded, you can complete the purchase contract, exchange payment and receive the plates and registration.
Also be prepared to present the keys, title (signed), owner`s manual and vehicle history to the new owner to complete the transaction. We noted above that this document proves that the transaction actually took place. This is because it includes the amount of money involved, the brand of the motorcycle, the date of the transaction and the parties involved. This is what a receipt is for ordinary transactions. Checking the online marketplaces for the motorcycles listed in step 4 is probably the best option. This way you can see what your brand, model and motorcycle of the same year are for. Proper documentation of the sale of your motorcycle is essential to prove ownership and provide proof of the fixed purchase price for tax purposes. This proof of ownership is useful if you can get 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. The best way to find out how much a motorcycle is worth is to find similar motorcycles for sale in your area and compare them or use a price estimator that can be found online. Beyond the best estimator is the Kelley Blue Book (KBB.com), although it is always recommended to use all available estimators in addition to checking your local market.
When it`s time to list the bike, make a full description. Indicate the year, make, model, mileage, date of last maintenance, accessories and associated problems or damages. Take at least ten photos to present different perspectives of the vehicle. Try to get images that show good quality light in sharp focus and include close-ups of dashboards as well as engine components. There are a number of online classifieds to promote sales, Craigslist, eBay, Cycle Trader and Facebook Marketplace to name a few. If you also choose to market in print, check out classified ads in newspapers and newsletters or classified magazines. If your local community offers the ability to post flyers on bulletin boards in subtasks and motorcycle meeting places, use this option. You can also choose to use a consignment service such as RumbleOn or contact a merchant in the area to find out if they would offer such a service for your needs. A motorcycle sales invoice describes who bought the motorcycle from whom, how much they paid and important details about the motorcycle.
A motorcycle purchase invoice is at the heart of the motorcycle sale process and provides the buyer of a dirt, road, cruiser, café racer or adventure motorcycle with official proof that they are now the official owner of the motorcycle. Use the free purchase agreement template above if you are buying or selling a used motorcycle. The VIN of your motorcycle can be found on the title, registration and insurance documents. The VIN is also stamped on the metal frame of the bike. Some motorcycles even have a separate plate for this. At the time of sale, the buyer must have the fund in his possession in the form of a certified check, money order or bank check, unless the parties have agreed on a transfer. The seller must have title and registration of the motorcycle, and the buyer and seller must enter the details into the purchase contract. Once you and the buyer have reached an agreement regarding the price, you must first collect the payment. Next, you need to specify the title and fulfill the purchase contract to the buyer. Both parties must sign their name on the purchase agreement in order for it to be used (use eSign to create legally binding signatures for free). The buyer must take out insurance, register his motorcycle with the DMV of his state (using the purchase contract + title) and inspect the motorcycle (if necessary).
The purchase contract is a legally binding contract for the sale of an item, so a motorcycle purchase contract serves as proof of ownership of the motorcycle. Some states offer official versions of purchase contract forms. In most cases, you can use this template or a generic template as long as all the necessary information is included. Below is a list of states that need a purchase agreement when you enter into a transfer of ownership/private sale of a motorcycle: Use our motorcycle purchase agreement to register the sale of a motorcycle and protect both the buyer and seller. Once you`ve created an ad for your motorcycle, decide on the lowest offer you`d accept and stick to it. When offering the motorcycle for sale, it is best to have it in front of as many eyes as possible. Therefore, the seller must use all online marketplaces, newspapers, and local classified ads. This means that the seller takes pictures of the bike and collects all the necessary information that can be used in marketing and promotional material. Clearly state the following details of the motorcycle in this section: Follow these steps to fill out your motorcycle purchase form: Are you buying or selling a used motorcycle? Don`t forget the purchase contract.
To evaluate the vehicle`s recommended retail price, you can start at a leading review resource site 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. If you sign 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 do not bring significant added value to the vehicle, but could earn an additional amount if sold individually. A motorcycle purchase form is a paper transcript that lists the essential facts surrounding the sale of a motorcycle in exchange for financial consideration. It usually contains the important pieces of information about the buyer and seller, the motorcycle and the sale, which are then approved by the respective participants.
This form can be used to confirm ownership for legal purposes or when it is time to register the vehicle. The season you sell (especially for the northern states) has a big impact on the price at which motorcycles are sold. Demand for motorcycles is highest in spring and summer. To get a good overview of the price you should set for your motorcycle, check out the following resources: If you plan to sell your motorcycle, you should learn how to write a motorcycle purchase agreement for it. .