Motorcycles will often devalue a lot faster than automobiles do, so purchasing a bike second hand can get you a near new model for a bargain price. You do need to do your homework before purchasing a motorcycle and it is recommended that you use a motorcycle bill of sale form to document the sale.
One of the first things you need to do before buying a bike is to check the market price for a comparable make and model. This will tell you straight away if the bike is worth following up. This can be done quickly online using the NADA price guide.
Other things you should ascertain for any bike you are considering of purchasing include whether the bike has ever been involved in an accident. Has the owner performed any modifications on the bike? Is the registration valid? What’s the mileage like? Has it been routinely serviced and maintained? It is also a good idea to find out if any money is still owing on the bike.
When you have come to a decision about a bike and are ready to finalize the sale, you should write down the following pieces of information on your motorcycle bill of sale form. It is suggested to include both your own name and that of the seller. The make and model of the bike as well as the vehicle identification number also need to be obtained. Lastly, both the date of the sale and the price you paid need to be recorded and when agreed upon, both buyer and seller should sign the document.
It does not take long to use a motorcycle bill of sale. It is required in many states as proof of ownership and will need to be produced in order for you to register the motorbike in your name. It is a simple thing to do to guarantee that the purchase of your new bike is without dispute and stress free.