When you want to sell your moped or scooter, it is essential to incorporate a moped bill of sale. It is a document that proves the transaction between the buyer and seller. The contract prevents illegal deals since both parties transact without any complications of ownership or malice. They must sign an agreement that shows the details of the vehicle such as the inspection date, purchase price, date of sale, and payment terms.
The moped bill of sale is a legal contract that binds the buyer and customer by preventing fraudulent intentions in the sale.
Most people may prefer to sell their scooters without using legal contracts for a quick sale, especially between close friends or family. While it may seem convenient, you should still use a moped bill of sale for security reasons and record-keeping purposes. In case the seller comes back with false claims, the bill of sale is tangible evidence that displays the details of the deal. The document cushions both parties from illegal dealings.
After a successful transfer of ownership, the new owner is liable for the moped and cannot withdraw the agreement in case of any malfunction.
|Document Name||Moped Bill of Sale Form|
|Other Name||Scooter Bill of Sale|
|Avg. Time to Fill Out||12 minutes|
|# of Fillable Fields||70|
|Available Formats||Adobe PDF; Microsoft Word|
There is no need to visit a law firm to get a scooter bill of sale since you can download it online. Our site has ready-to-print bill of sale templates that you can customize to fit your transaction. Do not pay the lawyer for a costly agreement form while you can get it for free on our website. It is a free document that you can use to sell moped with ease and convenience. Fill in all the details as per your agreement – names, model, purchase price, condition, etc. Generate the document and make copies when preparing for the sale after filling the form. Save the endless trips to your lawyer and get a top-notch customized template free of charge.
If you want to put your moped up for sale, it is essential to use a bill of sale form as a handy document stipulating all of the details of the deal. Below are the steps to follow:
Step 1. Repair the Moped
Ensure that your moped is in good condition before you put it up for sale. No potential buyer will be willing to purchase a faulty moped. Hence, find time to take it to the garage for repairs and later clean it up to make it attractive. It will give you an upper hand during negotiations on the amount.
Step 2. Advertise
Take professional photographs of the moped from all angles and start placing advertisements for the sale. You can opt for online ads on Craigslist.org or on various social network sites, local newspapers, or word of mouth to your friends and family members. Let people around your community know that you are selling your moped for a good price. It will bring you closer to your prospective customer.
Step 3. Gather Registration Documents
Just like a car, a scooter has a registration number and title ownership. Ensure that you have all of the relevant documents for presentation to the potential buyer. Although you do not require a driving license to use a scooter, it needs to be registered with the state. Thus, prepare all the ownership documents for transfer before meeting up with the buyer to ensure a smooth transaction.
Step 4. Negotiate With Potential Buyers
Prospective purchasers will request to inspect the scooter before signing the agreement. So, set a date for the buyer to view the moped and see whether it is in good condition. It will create a good rapport with the seller and boost the chances for a successful sale. Negotiate the purchase price with the customer and prepare to finalize the deal.
Step 5. Finalize the Bill Of Sale
After negotiating, it is now time to fill the purchase agreement. The following details should be on the moped bill of sale form:
You can also seek the certificate of acknowledgment from a notary public to seal the deal. As the new owner, ensure that you register the scooter or moped with the state.
Below, you can take a look at the guidelines developed by drawing upon the moped bill of sale template created by our professionals. We highly recommend using the local official version when possible.
Step 1: Specify when the document is created and filled out.
Step 2: Enter the information of both parties (buyer and seller):
Step 3: Describe the moped or scooter being sold:
Step 4: Select the way the buyer will pay for the moped and for what amount.
This step also requires specifying the date of the purchase and the entire sum approved by both parties of the transfer. Once that has been concluded, you need to check the way of purchase:
Following that, pick one transaction method:
Finally, specify if the purchase price contains all applicable taxes.
Step 5: Go over standard terms and ensure both parties understand them.
The seller confirms that they are indeed the owner of the moped described in the document and they have the right to sell it based on the price in the form. The seller also confirms that there are no liens on the moped and that the information provided in the Bill of Sale is true, accurate and complete to the best of their knowledge
This part normally includes the “as-is” paragraph that means the moped is purchased without a warranty.
Step 6: Sign the bill of sale.
The consumer’s signature is typically not required. But, you’ll be more protected against legal complications if both parties sign the bill of sale form. As an insurance policy, the parties can choose somebody who’ll witness the deal and sign the form as well.
Step 7: Notarize the document
Despite the fact that notarization is rarely obligatory, it acts as yet another way to guard against legal problems.
The original bill of sale copy must be given to the buyer as they might require it to obtain a title to their newly bought vehicle. There are two approaches here: you must either complete and sign two identical bills of sale or get a duplicate for the seller to keep.