In order to quickly and correctly sell your motorcycle, you need to follow the simple steps in the guide given below. Moreover, you need to be aware of the documentation required for sale and be able to fill out the bill of sale correctly.
1. Inspection and Preparation for Sale
A motorcycle that works properly and looks good will look great in the ad. It is vital for buyers to find a good vehicle that can serve them for a long time. We advise you to clean your motorcycle, inspect it, and repair all malfunctions.
2. Registration of Your MOTORCYCLE
As we mentioned above, the laws of the state of California and the Department of Motor Vehicles oblige all owners to register their vehicles.
To do this, you need the following documents:
- California Title Deed (REG 343)
- Insurance for your vehicle
- Vehicle verification (REG 31)
- Motorcycle driving rights
- Mandatory fees.
Additionally, if you want to use your motorcycle off-road, it is mandatory to register it as off-road transport. Notice that motorcycles are not checked for smog.
3. Title of Your Motorcycle
As a motorcycle owner, you should know that the title is extremely important. The title is a proven source of information about the motorcycle. You will also need to know the motorcycle description, the mileage, and the registration date. What is more, to determine the current owner of the motorcycle, you will need a bill of sale for a motorcycle.
4. Collection of all the Documents
The future owner of a motorcycle will have to register their new bike. Therefore, they will need all the documents. If you prepare them in advance before the day of the transaction, you will greatly facilitate the buyer’s task. Moreover, if you indicate that you have all the needed documents in the ad, you will sell your motorcycle faster and for a higher price.
5. Motorcycle Storage
If you are storing your motorcycle without use and will not use it during the next renewal year, you will have to file a planned termination of operation (REG 102).
6. Price Agreement
If you are selling your motorcycle for the first time, you will have to be aware that the buyer may try to reduce the price of your motorcycle. Therefore, before selling, it is better to find out the market value of the motorcycle or consult with a specialist.
7. Bill of Sale for the Motorcycle
After the buyer agrees to purchase a motorcycle, and you agree on the final price, you will need to fill out a bill of sale for the motorcycle.
Specify the following data:
- Transaction date
- Buyer and seller data
- Sale amount
- Important information about the motorcycle (make, mark, condition, ID, type)
- Signatures of the two parties.
To avoid difficulties and mistakes, consult with a notary when filling out a bill of sale.