Used Bike Selling Agreement
Make sure that the RC Book is correct and that the engine and chassis number printed in the book matches that of the bike. The name of the owner must also be correct, as soon as the sale is made through the RTO office, the name of the owner is changed to the name of the new buyer. The bicycle sale form is a document used to record the legal purchase or transaction of a bike from the buyer to the seller. Think of it as a receipt. It offers proof of ownership by describing the fine details of the bike offered for sale, the cost of the bike (if any) as well as the signatures of the contract of the buyer and seller. This Agreement may be used either by individuals or by companies, including vehicle dealers. Below are other documents that the buyer should receive from the seller when buying a bike. Print the number of copies after completing the form. Sign with both parties. The Consumer Council invites the parties to read the entire agreement before signing the agreement.
You can also print the agreement and fill it out on paper. The bike must have a valid order receipt. Today, most vehicles have paid taxes for life, which is usually for a period of fifteen years [varies from state to state] The bike should have a valid insurance certificate covering the sales period. Once the ownership of the bike has been changed to the owner`s name, make sure that you also change the owner`s name in the insurance certificate. This can be done through a written question in the insurance company. If the insurance goes out, the new owner is required to pay the fine for the time without the insurance, so make sure the vehicle is insured. If you list your bike, you must provide all relevant information about the bike, for example. B year, manufacture, model, size, condition and all maintenance work performed recently. Photos of the bike can be your greatest asset, be sure to photograph it from all angles, as well as close-ups of the bike`s components. If there are any blemishes, scratches, or bumps, mark them in your images to grab the attention of each potential buyer in advance, to avoid renegotiations for surprises. There are many ways to list your bike too..