Motorcycle Bill of Sale Template

A vehicle sale is often a major purchase. It is costly and exposes both parties to risks of legal disputes. A bill of sale can document the transfer of ownership and the terms of the sale.

What Is a Motorcycle Bill of Sale?

A vehicle bill of sale is a document, similar to a receipt, in which the seller acknowledges the sale of the motorcycle to the buyer. It can also state the terms of the sale, such as the sale price, payment terms and warranty, if any.

Why You Need One

States generally do not require motorcycle sellers and buyers to prepare a bill of sale except when the title has been lost or damaged.

Instead, the main reason for drafting a motorcycle bill of sale is to protect the buyer and seller by documenting the sale. Specifically, the buyer has proof that the vehicle was not stolen, and the seller has evidence that the buyer agreed to the terms of sale.

Details to Include in the Form

All bills of sale will usually include the following terms:

• The names of the buyer and seller
• The motorcycle’s VIN, make, model, and year
• Signatures of both parties

Also, consider including the sale price to avoid any disputes since many private motorcycle sales are oral.

How to Fill Out the Document

You should fill out the document truthfully. Although the bill of sale serves primarily as a receipt, it can also be submitted as evidence to your state’s DMV or taxing authority. If it contains any misstatements, particularly about the sale price or odometer reading, you could face criminal prosecution.

Handling Taxes and As-Is Terms

Most states charge a sales tax on used vehicles in private party sales. In these states, the buyer is usually taxed when transferring the title. For example, Utah charges a sales tax on all vehicle sales, including those between family members.

These states use the purchase price to calculate the tax. In these states, you should include the purchase price in the bill of sale.

You can also include warranty terms in the bill of sale. A warranty gives the buyer legal rights if the vehicle is not in the condition promised by the seller. In used car sales between private parties, most states allow the seller to disclaim any warranties and sell the vehicle as-is to avoid this liability.

Odometer Disclosure and Notarization

Some states, such as Florida, require the odometer reading on the bill of sale. Bills of sale generally do not need to be notarized. However, they should be signed by both parties.

Using It to Transfer the Title

Some states allow you to use a bill of sale to register a motorcycle when the title has been lost or destroyed. In these states, you may need the seller’s signature on a title application in addition to the bill of sale.

Find the Right Motorcycle Bill of Sale Form

The right motorcycle bill of sale form will protect your legal interests and smooth the vehicle transfer process. Use our forms and guides to find the right bill of sale for your situation.