When is a Moped Bill of Sale Needed?
The Moped Bill of Sale is required in the purchase or sale of a moped between a seller and a buyer. This form acts as a receipt, proof of ownership and protects the seller from any liability of repairs, damage or defects found after the sale.
This form is also crucial in getting your moped registered with the DMV. They will need proof of ownership and the Moped Bill of Sale often qualifies as such.
How to Sell a Moped
4. Show the Scooter to Interested Buyers
Buyers aren’t going to want to buy unless they can see the scooter in person. So let them! This will help ensure they feel confident that you aren’t hiding anything and can be trusted. Just make sure to take something of theirs in return for letting them test ride it. You don’t want the buyer to run off with your moped.
5. Fill Out the Moped Bill of Sale
And once you and the buyer come to terms, it’s time to fill out the Moped Bill of Sale. Download a pre-written bill of sale document here (link) and fill out the following required fields:
- Date of Sale
- Buyer’s Name & Address
- Seller’s Name & Address
- Moped Details
-
- Motor
- Make (cc)
- Model
- Year
- Color
- Registration Number
- Vehicle Identification Number (VIN)
- Odometer reading
- Condition
- Other relevant details
- Purchase Price
- Date of Payment
- Security Deposit
- Inspection Period
- Signatures & Dates from the Buyer, Seller and any Witnesses
As extra insurance, you may want to have the Moped Bill of Sale notarized by a public notary. This will keep a public record of the transaction in case of complicated disputes that may come later.