A bill of sale is necessary whether you are buying or selling an All-Terrain Vehicle (ATV). It is a written document that ensures the proof of the transaction between the parties.
It contains all the necessary information about the buyers, sellers, and vehicles that may be required as evidence in case of any misinterpretation from any party in the near future.
The safety and reliability of the ATV are essential for both the buyers and sellers. A bill of sale is essential if you want to ensure the safety and reliability of your transactions.
What Is an ATV Bill of Sale?
An ATV bill of sale is a well-organized and written document that is necessary when buying and selling your vehicle. It not only makes the transaction safe and secure but also acts as a proof in the future. It contains information about buyers and sellers.
Signatures of buyers and sellers are required as they ensure that the information given in the bill of sale has been approved by both parties. Information about the vehicle is also required, including make, model, color, and sale price.
The title of the vehicle is signed over to the buyer, and he then has the complete right over the vehicle. Without an ATV bill of sale or title, the seller can claim that the vehicle has been stolen, and you could not do anything then because you won’t have any proof.
So, an ATV bill of sale acts as a valid contract that stays with you as proof of the transaction. However, it is recommended that both parties must keep the ATV bill of sale as it is a very important document and may be required anytime!
What to Include in an ATV Bill of Sale?
Making an ATV bill of sale can be a quite challenging task because if any information is messed, it can create a dispute in the future. Complete information about the vehicle, buyer, and seller must be provided along with the signatures for safety purposes.
The following information must be included in your ATV bill of sale:
- Name, address, and contact details of the buyer and seller.
- Date, time, and year of sale.
- Agreed sale price.
- Deadline date for vehicle check.
- Model, make, year, and color of the vehicle.
- Odometer reading.
- Vehicle Identification Number (VIN).
- Number of cylinders in the vehicle.
- Signatures of both parties.
- Down payment, if it was made.
However, some states have different ATV bill of sale laws that may slightly differ from the above. You will need to check your state laws to see if you will have to register your ATV. Some states may require a notary when signing the bill of sale.
How to Sell an ATV?
Selling an ATV is a very easy and straightforward process.
The first thing you need to do is clean your vehicle from top to bottom. Appearance is the first thing the buyer notices so make sure that your ATV looks crystal clear before taking its photos. You must make sure that your ATV does not need any maintenance.
If needed, do it before selling your vehicle. There should be no liens on the title as well and you should have updated registration information to fill on the bill of sale.
Next, put pictures and ads of your ATV on different social media platforms. Social media is the quickest way to sell items. When the buyer contacts you, both of you should agree on the final sale price of the vehicle.
Then, the most important thing, both buyer and seller must fill the ATV bill of sale. All the information regarding the parties and vehicles mentioned above must be filled.
Once payment is made after inspection of the vehicle, you will transfer the title of the vehicle to the buyer and he will be the new owner.
Selling or buying an ATV is a very simple process, but you must keep an ATV bill of sale whenever you’re buying or selling your vehicle. It will provide you with complete security and assure both the parties that they will be away from any scams or frauds in the future.
You need to make sure that your ATV bill of sale has all the information necessary to save you from future disputes. Also, you can get your free and well-written ATV bill of sale from CocoSign.