An Indiana Motorcycle Bill of Sale form is a record of a motorcycle sales transaction.
A buyer and a seller can use it as a receipt of the sale and to protect themselves from fraud.
- What Is an Indiana Motorcycle Bill of Sale Form?
- Is a Motorcycle Bill of Sale Form Required in Indiana?
- Do You Need a Bill of Sale to Register a Motorcycle in Indiana?
- How Do I Transfer Ownership of a Motorcycle in Indiana?
- Can I Transfer Motorcycle Title With a Bill of Sale Only?
- Does an Indiana Motorcycle Bill of Sale Need To Be Notarized?
- Buying and Selling a Motorcycle in Indiana
- How To Write a Motorcycle Bill of Sale in Indiana (What To Include)
- Indiana Motorcycle Bill of Sale Sample
What Is an Indiana Motorcycle Bill of Sale Form?
An Indiana motorcycle bill of sale form is a legal document that transfers ownership of a motorcycle in the State of Indiana. It should contain:
- The full names, addresses, and signatures of the buyer and seller
- The motorcycle description, including the model, make, mileage, and year
- The motorcycle’s vehicle identification number (VIN)
- The purchase price
Is a Motorcycle Bill of Sale Form Required in Indiana?
No, a motorcycle bill of sale is not required in Indiana. However, you should create the document as proof of ownership transfer from the seller to the buyer
You may use a bill of sale to determine the purchase price and date of sale of a motorcycle if the motorcycle’s certificate of title does not contain the information.
Keep in mind, however, that a bill of sale cannot be used to override information on the certificate of title.
For instance, if the certificate of title contains a purchase price or date of sale that is different from the bill of sale, the parties must use the information from the certificate of title.
Do You Need a Bill of Sale to Register a Motorcycle in Indiana?
No, you do not need a bill of sale to register a motorcycle in Indiana.
How Do I Transfer Ownership of a Motorcycle in Indiana?
Motorcycle buyers must title and register their motorcycles with the Indiana Bureau of Motor Vehicles (BMV) within 45 days of the purchase.
If they apply for the certificate of title after the 45-day period, they will receive an administrative penalty.
Here’s how to transfer ownership of a motorcycle in Indiana:
Step 1 – Obtain Required Documents
- Completed and signed certificate of title
- Bill of sale (if the title does not have the purchase price or date of sale information or is not available)
- A valid Indiana driver’s license or ID
- Proof of insurance
- A completed Odometer Disclosure Statement (Form 43230), is required if the odometer statement is not completed on the certificate of title
Step 2 -Submit Documents
Step 3 – Pay Registration
The new motorcycle owner must pay the registration fees.
Can I Transfer Motorcycle Title With a Bill of Sale Only?
Purchasing a motorcycle in Indiana with a bill of sale only is generally impossible.
A motorcycle bill of sale is only acceptable in lieu of the registered owner’s release signature on the title if you, as the seller and original owner, were not required to obtain a certificate of title for your motorcycle.
Does an Indiana Motorcycle Bill of Sale Need To Be Notarized?
Indiana law does not require motorcycle bills of sale to be notarized.
Buying and Selling a Motorcycle in Indiana
Selling a motorcycle privately can give you quite a bit of money.
In contrast, if you sell your bike through a commercial auto dealer, the dealership will likely keep 10% to 50% of the motorcycle’s retail value.
Follow these steps to sell a motorcycle in Indiana.
Step 1 – Research the Motorcycle’s Value
First, research the motorcycle’s value by using tools like Kelley Blue Book.
Type in your motorcycle’s condition, mileage, make, year, and model to determine a fair sales price in your area.
Step 2 – Take Photos and Videos of the Motorcycle
Once you’ve determined a good price for your motorcycle, it’s time to take pictures and videos.
Before doing so, polish your motorcycle and park it in a spacious setting that highlights its colors, condition, and style.
Step 3 – Write a Description of the Motorcycle
Write a concise and comprehensive description of the motorcycle. Remember to include the following:
- Your reason for selling the motorcycle
- The motorcycle’s purchase price
- The motorcycle’s main features, including any modifications and accessories
- The bike’s make, model, mileage, and year
- How long you’ve owned the bike
Post the description with photos and videos of the motorcycle on multiple platforms, such as Facebook Marketplace and eBay.
If you know the buyer in real life, you can just text them everything.
Step 4 – Prepare Important Documents
Potential buyers may want to see your bike’s repair and maintenance history. Accordingly, you should produce these documents to demonstrate that your bike is in good condition.
Step 5 – Download a Motorcycle Bill of Sale Form
Download a printable motorcycle bill of sale for Indiana before you meet any potential purchasers.
Fill out the parts you can complete by yourself, such as your name, address, ID or driver’s license number, and motorcycle information.
Step 6 – Meet the Potential Buyer Face to Face
Last but not least, you should arrange an in-person meeting with the prospective purchaser to verify each other’s identity and exchange documents.
After verifying the documents and ID, remind the buyer about the motorcycle purchase price.
If the buyer is satisfied with the price, complete the motorcycle bill of sale and have both parties sign the document.
How To Write a Motorcycle Bill of Sale in Indiana (What To Include)
Here’s how to write your own Indiana motorcycle bill of sale.
Step 1 – Use Our Motorcycle Bill of Sale Form
Many motorcycle owners write their own bills of sale by default. However, creating documents from scratch can be tiring.
Consider using our motorcycle bill of sale template for Indiana to accelerate the process.
Step 2 – Answer LegalTemplates’ Document Builder Prompts
Then, go to LegalTemplates’ document builder. You will have to answer prompts about the buyer and seller and the motorcycle.
Step 3 – Review, Print, and Sign the Form
Once the bill of sale form is complete, you and the buyer can review, print, and sign the form.
If you don’t have the time or energy to create an Indiana motorcycle bill of sale form, consider using LegalTemplates’ motorcycle bill of sale for Indiana.
All you have to do is open the builder and follow the motorcycle bill of sale template instructions and prompts. The builder will send you a complete bill of sale for signing once you’re finished.
Indiana Motorcycle Bill of Sale Sample
Below is an example of an Indiana motorcycle bill of sale form.