If you meet the potential buyer, it is best to show them the bike and possibly allow a test drive if you are comfortable with the person. The bike should be in showroom condition, which means it should be as good as possible for its current condition. The best way to find out how much a motorcycle is worth is by looking for similar bikes that are for sale near you and compare or using a price stimulator that can be found online. Beyond the best estimate is the Kelley Blue Book (KBB.com), although it is always recommended to use all available appraisers in addition to checking your local market. Ownership transfer documents in case of sale The motorcycle sales bill is an agreement that allows a person to purchase and keep a receipt after the transaction that is required for titling and registration. With respect to the buyer`s cash payment, this document is the only paper document that provides evidence that a legal sale and purchase took place and that the transfer of ownership took place. The bike is sold in an “as-is” state. If an inspection request is submitted before the end of the sale, it must be completed. This document requires witnesses and notaries by a state notary. To be a valid contract, both the seller and the buyer must correctly sign this agreement with the witnesses and execute it on a valid stamp document, as applicable in the state of execution of the agreement. When selling a motorcycle, it is best to consider all the options for marketing the bike in order to get the highest price. Once a potential buyer has been found, it is recommended to negotiate the terms of the sale and sign a legally binding contract using a sales slip. Once the transaction is completed, the buyer needs the sales bill to be able to register in his or her respective condition.
At the time of the sale, the purchaser must have the fund in his possession in the form of a certified cheque, instruction or cashier, unless the parties have agreed to make a transfer. The seller must enter the title of the motorcycle, registration, and buyer and seller must enter the details into the sales invoice.