A New Jersey motorcycle bill of sale form is a document that verifies that a motorcycle has been legally sold, purchased, and otherwise changed ownership within the state.
It includes information about the buyer and the seller — all of which are required for titling and registration purposes.
What Is a New Jersey Motorcycle Bill of Sale Form?
As stated, a New Jersey motorcycle bill of sale form will formally record all the facts about the sales transaction.
It will include relevant information about the parties, including the address of both the buyer and the seller.
A bill of sale also outlines the motorcycle’s make, model, body type, year, color, and vehicle identification number (VIN).
Also outlined will be information about the exchange itself. The type of payment method being used will be noted, including whether it was a cash payment and the agreed-upon amount.
Is a Motorcycle Bill of Sale Form Required in New Jersey?
A motorcycle bill of sale form is required in New Jersey for this type of transfer of ownership.
Do You Need a Bill of Sale To Register a Motorcycle in New Jersey?
Yes, you need a bill of sale as a part of the process when transferring motorcycle ownership in New Jersey.
The buyer will have ten days to properly register their vehicle, which must be done with the New Jersey Motor Vehicle Commission. Once registered, this will have to be renewed on an annual basis.
You must register at a Motor Vehicle Commission Center in your area. Note that appointments are required, and walk-ins are not accepted.
In addition to the aforementioned New Jersey motorcycle bill of sale, the documents that are required as a part of this process include the following:
- Certificate of Title.
- A completed Vehicle Registration Application (Form BA-49).
- An odometer disclosure statement must be attached to the title as long as the motorcycle weighs fewer than 16,000 pounds or is at least ten years old.
- A copy of your valid driver’s license.
- Proof that all applicable registration fees have been paid.
Note that proof of insurance will also be required for motorcycle registration in New Jersey.
You will need to prove that any policy you have meets the state’s minimum insurance coverage requirements, which include $5,000 worth of coverage for property damage, $15,000 worth of coverage for bodily injury to one person per accident, and $30,000 worth of coverage for bodily injury to two or more people in an accident.
You should also turn in copies of all essential documents with your properly completed registration form, as nothing will be returned to you later.
How Do I Transfer Ownership of a Motorcycle in New Jersey?
Transferring motorcycle ownership in New Jersey must be handled in person at a motor vehicle agency location.
Standard Motorcycle Title Transfer Process
The seller must remove all license plates and surrender them to the motor vehicle agency unless they are being transferred to another motorcycle.
They must then sign in the seller’s section on the back of the title, at which point they will give it to the buyer along with the bill of sale.
The buyer must then sign in the buyer’s section on the back of the title and include their driver’s license number.
After filling out the Vehicle Registration Application (Form BA-49), the title can be transferred and the buyer can receive the aforementioned license plates.
Motorcycle Title Transfer With a Bill of Sale Only
A motorcycle bill of sale is insufficient to transfer title in New Jersey.
The documents previously mentioned are also required to properly transfer ownership.
Does a New Jersey Motorcycle Bill of Sale Need To Be Notarized?
In New Jersey, a motorcycle bill of sale document does not need to be notarized before it can be considered valid.
Buying and Selling a Motorcycle in New Jersey
Step 1 – Meeting With the Potential Buyer
The first step of buying and selling a motorcycle in New Jersey involves meeting with a potential buyer.
Sellers should use caution to ensure that someone is serious about the transaction and that everyone’s expectations are in order.
Step 2 – Allow the Buyer To Examine the Motorcycle in Question
If requested, allow the buyer to examine the motorcycle to make sure that it matches the description offered by the seller.
This includes looking at things like the condition and more.
Step 3 – Negotiate a Purchase Price
Next, a purchase price (and payment method) can be negotiated via mutually agreed-upon terms.
Step 4 – Go Through the Purchase, Title Transfer, and Registration Processes
At that point, both parties can go through the process of executing the transaction, transferring the title, and eventually registering the motorcycle as outlined above.
How To Write a Motorcycle Bill of Sale in New Jersey
Step 1 – Fill in Buyer and Seller Information
This includes the buyer’s and seller’s full name, address, and contact information.
Step 2 – Fill in the Motorcycle Information
This will include essential information like the make, model, body type, year, color, and odometer reading.
Step 3 – Finalization and Signature
Add the purchase price of the motorcycle and the date of the sale. Then have the form signed by both the buyer and seller.
Summary
In the end, a New Jersey motorcycle bill of sale is an essential document that can help make sure a transaction proceeds precisely how it should on behalf of the buyer and seller.
To get additional insight or to get started, use our motorcycle bill of sale template.
New Jersey Motorcycle Bill of Sale Sample
Below is an example of a New Jersey motorcycle bill of sale form.
