When buying or selling a motorcycle in Oklahoma, you can document the transfer of ownership from the seller to the buyer with an Oklahoma Motorcycle Bill of Sale.
Since motorcycles require both title and registration, a bill of sale provides a legally binding agreement that you can use to begin transferring ownership.
- What is an Oklahoma Motorcycle Bill of Sale Form?
- Is a Motorcycle Bill of Sale Form Required in Oklahoma?
- Do You Need a Bill of Sale to Register a Motorcycle in Oklahoma?
- How Do I Transfer Ownership of a Motorcycle in Oklahoma?
- Oklahoma Motorcycle Bill of Sale – No Title
- Does an Oklahoma Motorcycle Bill of Sale Need to Be Notarized?
- Buying and Selling a Motorcycle in Oklahoma
- How to Write a Motorcycle Bill of Sale in Oklahoma (What to Include)
- Summary
- Oklahoma Motorcycle Bill of Sale Sample
What is an Oklahoma Motorcycle Bill of Sale Form?
A motorcycle bill of sale form for Oklahoma is a legal contract between the buyer and seller.
It typically includes the following details:
- Buyer’s printed name and address
- Seller’s printed name and address
- Signatures of the buyer and seller
- Date of sale
- Purchase price
- Vehicle identification number (VIN)
- Motorcycle make, model, mileage, and year
Once the buyer and seller have signed the bill of sale, the contract is valid. However, the seller must still transfer the motorcycle’s title to the new owner to complete the transaction.
Is a Motorcycle Bill of Sale Form Required in Oklahoma?
In Oklahoma, you need a motorcycle bill of sale form or other proof of sale to verify the price of the motorcycle sale.
The bill of sale also includes essential identifying information that can support your claim should an ownership dispute arise.
Although an Oklahoma motorcycle bill of sale is a binding agreement to transfer ownership, you still need to transfer the existing title to the buyer.
Do You Need a Bill of Sale to Register a Motorcycle in Oklahoma?
To register your motorcycle in Oklahoma, you need official documentation of ownership.
An Oklahoma motorcycle bill of sale is proof of the transfer of ownership when submitted with the signed and notarized title.
You can simultaneously title and register your motorcycle at your local Service Oklahoma or Licensed Operator location.
When you submit documents for your motorcycle title and registration, you may pay the following fees and taxes:
- Annual registration fee
- Excise tax
- Title fee
- Transfer fee
- Insurance fee
- VIN inspection fee
- Tire tax
The amount of title and registration fees depend on the particular motorcycle. An authorized representative of the state will determine the final fees at registration.
How Do I Transfer Ownership of a Motorcycle in Oklahoma?
For transferring a motorcycle from a seller to a buyer, you will benefit from having an Oklahoma motorcycle bill of sale as evidence.
Completing the ownership transfer requires the following steps:
- An Oklahoma certificate of title, properly assigned and notarized
- Proof of purchase price, bill of sale, or Declaration of Vehicle Purchase Price (Form 722-1)
- Complete a Notice of Transfer (Optional)
- Complete an Odometer Disclosure Statement for motorcycles 2011 or newer
- Obtain proof of Oklahoma liability insurance consistent with Okla. Stat. § 47-7-319
- Lien release for any active liens
- Provide a valid driver’s license
If obtaining an Oklahoma title for the first time or have an out-of-state title, the following is required:
- Manufacturer’s Certificate of Origin (new motorcycle) or out-of-state title (used motorcycle) to prove ownership
- Complete an Application for Certificate of Title if the bike is new or titled out of state
- VIN inspection by a Service Oklahoma agent or a License Operator for confirmation of the vehicle identification number (VIN) for out-of-state titles
You may need additional information depending on the details of your ownership transfer. Contact Service Oklahoma or a Licensed Operator in your area to discuss requirements.
Oklahoma Motorcycle Bill of Sale – No Title
If you purchase a motorcycle in Oklahoma with a bill of sale only, you must still have the title transferred. Oklahoma will not accept a motorcycle bill of sale in place of an assigned title.
If the title was lost, stolen, or destroyed, the seller must obtain a duplicate title before selling the motorcycle.
Does an Oklahoma Motorcycle Bill of Sale Need to Be Notarized?
Although a motorcycle bill of sale in Oklahoma is a legally binding agreement, it does not need to be notarized.
However, it requires the signatures of all parties involved in the sale.
All title holders’ signatures must be notarized to transfer the motorcycle’s certificate of title.
Buying and Selling a Motorcycle in Oklahoma
When you buy or sell a motorcycle in Oklahoma, take the following steps to ensure a smooth ownership transfer:
Step 1 – Repairing and Cleaning the Motorcycle
Ensure the motorcycle is in good condition. Fix and replace any damaged or old parts and clean the bike thoroughly to make it more attractive to potential buyers.
Step 2 – Meeting With the Potential Buyer
Meet with the potential buyer at a local dealership or other public location. Only hand the keys over after all parties have signed the bill of sale, signed and notarized the title, and completed payment arrangements.
Step 3 – Completing the Oklahoma Motorcycle Bill of Sale
Ensure all details of the motorcycle bill of sale are correct and have all parties listed on the title sign the document. Once signed, the document is a legally binding agreement.
Consider filling out a loan agreement or promissory note if the buyer is financing or using a payment plan.
Step 4 – Transferring the Motorcycle Title
Upon completion of the sale, the buyer and seller transfer the title by signing and dating the document in the presence of a notary.
You can complete this step at the local titling or registration office.
How to Write a Motorcycle Bill of Sale in Oklahoma (What to Include)
To ensure the validity of your sale, be sure to complete a detailed motorcycle bill of sale form for Oklahoma as follows:
Step 1 – Fill in Buyer and Seller Information
Enter all buyers’ and sellers’ names, addresses, and contact information. Remember that if multiple owners are on the title, all the same owners must be on the bill of sale and sign.
Step 2 – Fill in Motorcycle Information
Enter identifying information about the motorcycle, including:
- Year, make, and model
- Color, trim, and features
- VIN
- Odometer reading
These details can help you prove motorcycle ownership if a dispute arises.
Step 3 – Fill in the Purchase Price
You must have proof of the motorcycle’s purchase price in Oklahoma to title and register the bike. An Oklahoma motorcycle bill of sale provides the necessary documentation.
Be sure to enter the purchase price in full and detail any payment arrangements or exchanges. If the motorcycle is part of an exchange, the buyer will still owe excise tax for the motorcycle’s value.
Step 4 – Fill in Dates and Signatures
All parties must sign and date the motorcycle bill of sale form. Wait to sign until you have completed the form in its entirety. Be sure to enter the transfer date if it differs from when the agreement is signed.
Summary
Whether buying or selling a motorcycle, you can benefit from the Oklahoma motorcycle bill of sale template from LegalTemplates.
The printable motorcycle bill of sale for Oklahoma allows you to quickly and easily fill in the details of your sale to complete the sale, titling, and registration efficiently.
Oklahoma Motorcycle Bill of Sale Sample
Below is an example of an Oklahoma motorcycle bill of sale form.
