What does Bill of Sale only mean?

A bill of sale is only a record that a sales transaction occurred between two parties. Your state's DMV may require that you bring a completed bill of sale with you before the vehicle title transfer paperwork can be completed.

US Legal Forms
Bill of Sale for Motorcycle from Record Owner to Record Owner and...

Bill of Sale for Motorcycle from Record Owner to Record Owner and Another Actual Owner

Category:

Bills of Sale - Motorcycles

State:

Multi-State

Control #:

US-03469BG

Format:

Instant download

Description

This form is a generic Bill of Sale for a Motorcycle from an individual who is the owner of record to the owner of record and an actual owner not listed on the records at the Department of Motor Vehicles. No warranty is being made as to its condition.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

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.

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.

As long as you have the bill of sale and/or title with the date of your purchase, you can ride a motorcycle home after buying it. Each state will give new motorcycle owners a grace period of a few days to get the motorcycle registered. However, you should immediately obtain insurance before riding.

If a motorcycle that you own or recently purchased does not have a title, you'll need to go to your local DMV and fill out the lost title documents they provide. Having the bill of sale as well as the bill of sale from when the seller bought it is usually required.

One party to this bill is called the Seller and the other is called the Buyer. As you probably guessed, the Seller is the party that will sell the motorcycle and the Buyer is the party that will purchase it. Note that only the individual whose name is on the title of a vehicle is permitted to sell it.

Registration Certificate (RC) book. Registration Certificate serves as a proof of bike's registration and is thus an essential document. Pollution under Control (PuC) certificate. Sales Receipt. Transfer deed. Bike Insurance Certificate. Road tax certificate.

A bill of sale is only a record that a sales transaction occurred between two parties. Your state's DMV may require that you bring a completed bill of sale with you before the vehicle title transfer paperwork can be completed.

In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.

Date of sale. Name and address of the seller. Name and address of the buyer. Manufacturer, model, year, VIN, color, and mileage of the motorcycle being sold. The sale amount of the motorcycle. The form of payment the buyer is giving.