When ownership or selling a Motorcycle in Alabama, you ever desire to document the transfer of the vehicle from the seller to the buyer. When the original championship is available this is done by signing the "Transfer by Owner" or "Assignment" section on the backside of the title and filing the paperwork with the state. We too suggest securing a Alabama bill of sale to properly certificate the auction including the sales price, condition of the motorcycle, and agree harmless linguistic communication to protect the buyer and seller.

Why Do You Need a Bill of Sale?

There are ii primary reasons why you want to secure a Neb of Sale in Alabama when purchasing or selling a Motorbike:

1. Moyotcycles can range in price from hundreds to thousands of dollars depending on the year, brand, model, condition, miles. Whether you are the person selling or ownership, yous want proof of the transaction in the issue someone claims your ownership or if someone is injured by the vehicle.

2. All states require you lot register a Motorcycle with the department of motor vehicles. Proper documentation of vehicle buying is required in order to register your motorcycle.

What Does a Bill of Sale Need to be Valid?

A bill of sale acts as a contract between the buyer and seller of the motorcycle. Each state has different rules for what they consider a valid nib of sale, but a contract itself must bide by the following rules:

Offer: The understanding to exchange the vehicle for an corporeality of money. May as well include conditions of the sale for the heir-apparent and the seller.

Consideration: The amount of money being exchanged. Normally in a numeric and written form.

Acceptance: Signatures of both parties on the bill of sale.

Competent Parties and Legal Intent: Both parties inbound the contract must exist competent (age, mental chapters, and not impaired or forced). The contract is as well valid but if it is lawful. A contract to complete an illegal act is not binding.

What Should the Heir-apparent practise with the Bill of Sale?

After you have made a purchase and received an executed bill of auction the first thing you lot should do is put information technology in a secured location. If lost, you won't exist able to apply for registration, won't be able to show ownership if someone claims the vehicle is theirs, and y'all may have some difficulty selling the motorcycle. We ever advise locking upward your bill of sale in a filing cabinet or rubber, where a combination or key is needed to admission, and besides making a digital copy.

Does the Seller Need a Copy?

It is likewise a expert idea that the seller keep a copy of the Bill of Sale, and the heir-apparent keep the original. This will ensure the seller can document the auction of their vehicle if property is damaged or someone is injured during its use.

Alabama Motorcycle Bill of Auction Template

Alabama Motorcycle Bill of Sale


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