Key Features
- Buyer’s details: Name, address, and phone.
- Seller’s details: Name, address, and phone.
- Motorcycle: Make, year, model, color, VIN, and mileage.
- Transaction: Sales price, payment method, and date of sale.
- Terms of sale: Sold as-is or with warranty.
- Signature area: Both parties to sign.
5. Finalizing the Transaction
Transaction Process
- Money is Transacted: The seller must secure funds before transacting.
- Bill of Sale: Should be completed and signed with all parties present.
- Odometer Disclosure Statement: Separate form required per federal law.[1]
- Title: Seller signs the title to release, and buyer signs to accept ownership.
- Lien Release (if applicable): If liens were recorded on the motorcycle.
- Valid ID (recommended): Not required, but to verify the parties involved.