A New York Motorcycle Bill of Sale form is a document that legally proves that a motorcycle has been sold and purchased within the state.
From the seller’s perspective, it will show that they are no longer legally responsible for anything that happens to that motorcycle moving forward (like an accident or property damage, for example).
For the buyer, it will be necessary for the purposes of titling and registration, among other things.
What Is a New York Motorcycle Bill of Sale Form?
A motorcycle bill of sale documents the transfer of motorcycle ownership from the buyer to the seller.
In addition to recording pertinent details about the transaction, including the names and contact information of the buyer and seller and information about the motorcycle, a New York motorcycle bill of sale is also required to properly transfer ownership in New York.
It must be signed by both the buyer and the seller before it can be considered valid.
Is a Motorcycle Bill of Sale Form Required in New York?
A motorcycle bill of sale is necessary for New York for any motorcycle legally sold and purchased within the state, an essential piece of the ownership transfer process.
Do You Need a Bill of Sale To Register a Motorcycle in New York?
A New York motorcycle bill of sale is required to register a motorcycle within the state.
New York requires proof of purchase and a bill of sale signed by the previous owner is a document that proves the buyer purchased the vehicle.
Additionally, there are several other documents required to transfer ownership, including:
- The original Certificate of Title (MV-999) completed by the seller and signed over to the buyer
- An Odometer and Damage Disclosure Statement, if applicable
- The fully completed Vehicle Registration/Title Application form (MV-82)
- A Statement of Transaction Form or a bill of sale as proof of purchase
- A copy of your valid driver’s license
- Evidence of paid applicable registration fees
Note that you must also provide proof that your insurance policy meets specific minimum liability insurance coverage requirements in New York.
This includes $10,000 in coverage for any property damage that was caused during a single accident, $25,000 in bodily injury coverage and $50,000 for death for a single person involved in an accident, and $50,000 for bodily injury and $100,000 in coverage for death for two or more people involved in an accident.
Note that you should always use copies when submitting these documents because you will not get the originals back.
Once the purchase is complete, a buyer has 180 days to register their new motorcycle.
Buyers must also renew their registration each year. This can be done online or in person at any State Department of Motor Vehicles office.
How Do I Transfer Ownership of a Motorcycle in New York?
In New York, transferring motorcycle ownership is something you do with the Department of Motor Vehicles (DMV).
Residents of some counties can complete this process online, but most will need to do so in person at a DMV location.
The Standard Title Transfer Process
First, the seller must fill out the “Transfer Ownership” section on the motorcycle’s Certificate of Title by signing and adding the buyer’s name.
At that point, they must fill out a Statement of Transaction form or the aforementioned bill of sale.
Then, they can pay any title transfer fees and taxes that may be applicable, at which point the transfer of ownership is complete.
Motorcycle Title Transfer With a Bill of Sale Only
In New York State, transferring a motorcycle title from one party to another is impossible with only the bill of sale.
You must follow the process described above.
Does a New York Motorcycle Bill of Sale Need To Be Notarized?
A motorcycle bill of sale in New York does not need to be notarized.
Buying and Selling a Motorcycle in New York
Step 1 – Meeting With the Potential Buyer
The first step in buying and selling a motorcycle in New York always involves a seller meeting with a potential buyer.
You can find buyers in many places, including through motorcycle dealers in your area, through classified ads in the newspaper, or even online.
Step 2 – Allow Buyer To Examine the Motorcycle
For the best results, it’s always important to let the buyer examine the motorcycle so that they can verify that the description is accurate and that they are happy with the bike’s overall condition.
Step 3 – Negotiate the Transaction Terms
Once both parties are satisfied, they can discuss the terms of the sale.
This includes when the purchase will occur, how the buyer should pay, who will pay the taxes, and more.
How To Write a Motorcycle Bill of Sale in New York
Step 1 – Fill in Buyer and Seller Information
The first step to writing a motorcycle bill of sale in New York involves filling in all appropriate information about the buyer and the seller.
This includes the addresses, contact information, and legal names.
STep 2 – Fill in the Motorcycle Information
Next, you’ll need to fill in all appropriate information about the motorcycle to be purchased.
This includes the make and model, the body type, the year of manufacture, the color, the odometer reading, and the vehicle identification number.
Step 3 – Fill in Sales Information
Finally, you will need to provide details about the sale itself.
This includes the sale price, payment method (cash payment, electronic transfer, or through some other agreement), and the sale date.
Summary
Overall, a New York Motorcycle bill of sale is essential to guarantee that the transaction goes smoothly.
To make the process easier, use our motorcycle bill of sale template.
New York Motorcycle Bill of Sale Sample
Below is an example of a New York motorcycle bill of sale form.
