A reliable motorcycle bill of sale template for Delaware is easy to use and delivers accuracy.
Using a Delaware motorcycle bill of sale form helps buyers and sellers seamlessly complete a legal transaction.
- What Is a Delaware Motorcycle Bill of Sale Form?
- Is a Motorcycle Bill of Sale Form Required in Delaware?
- Do You Need a Bill of Sale to Register a Motorcycle in Delaware?
- How Do I Transfer Ownership of a Motorcycle in Delaware?
- Can I Transfer Motorcycle Title With a Bill of Sale Only?
- Does a Delaware Motorcycle Bill of Sale Need to Be Notarized?
- Buying and Selling a Motorcycle in Delaware
- How to Write a Motorcycle Bill of Sale in Delaware
- Delaware Motorcycle Bill of Sale Sample
What Is a Delaware Motorcycle Bill of Sale Form?
In Delaware, a motorcycle bill of sale represents an agreement between a buyer and seller to transfer ownership of a motorcycle.
A completed Delaware motorcycle bill of sale demonstrates the change in ownership helpful to register the motorcycle.
In some cases, the bill of sale is also required for titling purposes. In others, it stands as the sole document indicating who lawfully owns the motorcycle.
Is a Motorcycle Bill of Sale Form Required in Delaware?
A motorcycle bill of sale for Delaware is not generally required but is helpful because it provides all the essential information about the sale.
It serves as a physical record of the transfer of ownership and provides the dollar amount paid for tax purposes. A motorcycle bill of sale form for Delaware can also point out whether the motorcycle was acquired as a gift.
It is also often used in conjunction with other documents, such as the Certificate of Title, Odometer Disclosure, as well as a state-mandated inspection.
Do You Need a Bill of Sale to Register a Motorcycle in Delaware?
In some cases, a motorcycle bill of sale for Delaware can be used along with the Certificate of Title to register the motorcycle.
While optional, a Delaware motorcycle bill of sale is highly recommended as not having one could prove problematic if the motorcycle is pre-owned and calls for an inspection.
How Do I Transfer Ownership of a Motorcycle in Delaware?
For the transfer of a motorcycle between private Delaware residents, follow these steps:
Step 1 – Certificate of Title
The seller is required to complete the Assignment of Certificate of Title section on the back of the title.
This includes the buyer’s name and address, date of sale, purchase price, and Odometer Disclosure.
Both parties must sign and print their names in the designated boxes.
Step 2 – Seller’s Report of Sale
The seller completes the back of the registration card or the Seller’s Report of Sale (located at the bottom of the newer Delaware title).
This must be sent to the Division of Motor Vehicles (DMV). It includes the buyer’s name and address, the date and hour of the sale, as well as the seller’s signature.
Step 3 – Purchaser’s Application
The buyer fills out and signs the Purchaser’s Application (section 4) located on the back of the title. Add the buyer’s driver’s license number and date of birth.
If the motorcycle is being financed, the buyer also completes the Lien Section (Section 3) on the back of the title.
Step 4 – Liability Insurance
The buyer needs to provide proof of liability insurance and a Delaware driver’s license (or two accepted proofs of residency) when applying for a title.
The Delaware DMV recommends that all parties appear at a DMV office to complete the transfer.
Step 5 – Fees and Taxes
Pay all document, title and registration fees, and appropriate taxes.
If the applicant does not have a Delaware Bill of Sale, or the back of the title does not indicate the purchase price, the document fee will be based on the average trade-in value as listed in the N.A.D.A. Appraisal Guide.
Can I Transfer Motorcycle Title With a Bill of Sale Only?
Delaware tasks all buyers of in-state motorcycles to have a title.
In cases in which the title was lost or damaged, you can use a motorcycle bill of sale form for Delaware to apply for a duplicate title.
Does a Delaware Motorcycle Bill of Sale Need to Be Notarized?
The State of Delaware does not require the bill of sale to be notarized.
However, in instances of out-of-state purchases and other situations, securing a notary stamp and signature helps prove the validity of the sale.
Buying and Selling a Motorcycle in Delaware
When buying or selling a motorcycle from a commercial dealer, much of the paperwork is handled by the dealership.
Private sales between in-state and out-of-state parties can be complicated but can save both parties money. It is essential to have a motorcycle bill of sale.
These are tips to complete a successful purchase or sale.
Step 1 – Prepare to Show the Motorcycle
Have the two-wheeler inspected by a certified mechanic and have any safety issues fixed. Then take an afternoon to clean and wax the motorcycle.
Step 2 – Determine the Motorcycle’s Value
The local pricing of similar motorcycles can give you a ballpark estimate.
But savvy buyers are likely to check popular pricing platforms even before looking at the model. Consider running the make, model, mileage, and condition through the following estimators.
Step 3 – Post a “For Sale” Motorcycle Listing
Write a short description of the motorcycle and include a reason for selling it.
Buyers generally feel more comfortable knowing you have other plans and it’s not just a clunker. Take favorable pictures without background distractions.
Consider bullet points that indicate its make, model, mileage, year, and condition. These rank among the popular motorcycle sales platforms.
Local classifieds, traditional ads, and a sign in the front yard also work.
Step 4 – Meeting With the Potential Buyer
Plan for the possibility the potential buyer will want to test drive the motorcycle by having a form ready that relieves you of any liability.
There will likely be some haggling before a final price is negotiated.
The transaction can be finalized by filling out a printable motorcycle bill of sale for Delaware.
How to Write a Motorcycle Bill of Sale in Delaware
Handwritten documents too often result in errors or omissions that result in parties having to redo a bill of sale.
By using a motorcycle bill of sale template for Delaware, all the following pertinent information has a specified area.
Step 1 – Buyer and Seller Information
The full names of the parties, as well as their addresses, must be included. After filling in this information, both parties can sign and date the legally binding document.
Step 2 – Fill in Motorcycle Information
There will be a space for the year, make, model, mileage, color, and vehicle identification number (VIN) on the Delaware motorcycle bill of sale. By filling in all the spaces, a complete record of the transaction can be established.
STep 3 – Sale Price Information
Include the sale price and the date of the sale.
Using a Delaware Motorcycle Bill of Sale from Legal Templates makes the selling process go smoothly. Our printable bill of sale template serves as an accurate guide that ensures buyers and sellers can create valid and legally binding agreements.
Delaware Motorcycle Bill of Sale Sample
Below is an example of a Delaware motorcycle bill of sale.