There are tons of bike snatcher looking for bikes for sale that they take for quick and easy money. So here`s our advice on where and how you sell your bike. Make sure the RC book is correct and that the engine and chassis number printed in the book matches the bike`s number. Similarly, the owner`s name must be correct, once the sale is made through the RTO office, the owner`s name is changed to the name of the new buyer. You need the bike sales form to close the sale. Fortunately, it`s not too hard to understand. The Bicycle Bill of Sale is a simple document that will prove the legal purchase and sale of a bicycle between the seller and the buyer and proof of the change of ownership. This document contains information on the identification of the bike, the cost of the sale and the signatures confirming the sale between the parties. The vehicle sales contract (agreement) is a document used to indicate the terms agreed between the seller and the purchaser of the vehicle.
This agreement can be used by the seller or buyer to buy or sell all types of vehicle, including car, bike, bus, truck, etc. It`s safer to sell your bike to people you know or to reputable sporting goods stores. If you have to sell to a stranger (either online or via an information ad), then meet and exchange in a public place with a lot of people around. The “Bike Sales Bulletin” form is a document used to record the legal purchase or transaction of a bicycle from buyer to seller. Think of it as a receipt. It provides proof of ownership by describing the fine details of the bike for purchase, the cost of the bike (if any) as well as the contractual signatures of the buyer and seller. The bike should have a valid tax proof. These days, most vehicles have paid the life of the tax, which is usually for a period of fifteen years [varies from state to state] This agreement can be used by the seller who sells the vehicle or the buyer intends to buy the vehicle. Take the expression of these forms and let it be duly completed and signed.
And do it in the RTO for a change of ownership of the bike. Form 28 and the transfer document are not required for sale/purchase, but form 29 and form 30 are mandatory. The bike must have a valid insurance certificate for the duration of the sale. Once the ownership of the bike is changed to the owner`s name, make sure they also change the owner`s name in the insurance certificate. This can be done through a written application with the insurance company. When the insurance expires, the new owner must pay the fine for the time without the insurance, so that the vehicle is insured. Other documents that the buyer should receive from the seller when buying a bike are shown below.