An ATV bill of sale form is a legal document that assists in showing the selling and buying transactions of an all-terrain vehicle. This official document serves as evidence of a sale. This form is completed when the seller has obtained the agreed-upon funds and transferred ownership of the all-terrain vehicle to the buyer.
Table of Contents
What to include in ATV bill of sale form?
This document includes the following information;
- The all-terrain vehicle agreed-upon date of sale
- The old and new owners full name and addresses
- Complete vehicle details that includes the following;
1- The year
5- Odometer reading
6- Title number
7- Number of cylinders
8- The VIN /Vehicle ID number
- The agreed-upon down payment by the seller and the buyer
- The sales price; after a discount it is the remaining amount of money to be paid by the buyer
- The agreed-upon date that indicate when the full payment is required
- For the inspection process of the vehicle, the period and deadline date
- The date and the seller (old owner), the buyer (new owner), and witnesses signatures
Importance of ATV bill of sale form:
The all-terrain vehicle (ATV) bill of sale plays a very significant role;
- The ATV bill of sale indicates and expounds on all the agreements around the sale of an all-terrain vehicle. This information contains the deposits, price, and warranty.
- This document assists in selling and buying transactions on paper for future reference.
- When ATV is bought, this document is also needed as part of the paperwork for the registration process of it.
How to sell an All-Terrain Vehicle?
Here are the steps to follow to sell an ATV;
Cleanse the ATV
It is important to clean up the ATV as it has most likely been through some rough terrains with dusty roads. Before taking photos, clean the ATV in order to make sure that they are of good quality to attract potential buyers. Also, make sure that the ATV is clean before the buyer comes to check it.
Examine the situation of ATV
When you have cleaned the ATV, you should make sure that everything is in place and working correctly. Check thoroughly any required repairs and fix the ATV. In this way, the value of the ATV enhances. Also, there is possibility that the ATV will get better offers.
Place ads everywhere
At this step, you have to prepare ads that shows a desire to sell the ATV. You should place these ads everywhere. Advertise online on social media and every public places. You should also check the Mobile Home Bill of Sale Form.
Get registration information
As the seller, you have to make sure that the vehicle’s recent and updated registration details are present. This information is essential for the bill of sale. The seller must confirm that there are no encumbrances, in case there are then must clear them before the sale.
Negotiate the price of the ATV
For the seller, there is a requirement to negotiate the ATV pricing with the buyer unless both parties agree on a specific amount.
Fill out the ATV bill of sale form
When the price has been decided and the parties agree on an amount, you have to fill out the all-terrain vehicle bill of sale.
Examination of the ATV by buyer
Before the final transactions are conducted, the buyer or a certified mechanic will inspect the ATV. During inspection, they have to check for any required repairs or mechanical damages on the ATV.
Registration and transfer of title
Registration and the transfer of title from the seller to the buyer is the last step. The title can be transferred to the buyer when the agreed-upon amount has been paid to the seller.
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In conclusion, an ATV (All-Terrain Vehicle) bill of sale form is a legal document that serves as proof of the sale and purchase of an all-terrain vehicle. To make sure the legal sale and ownership transfer of an ATV, it is important for a seller and a buyer to sign and complete the ATV bill of sale.