Updated on June 14th, 2019
A Moped Bill of Sale form is the specific document you will want to utilize to register the exchange of your moped for a monetary value. This form entails completing the relevant fields pertaining to the seller, buyer, and scooter which is then made enforceable upon execution by both parties. It is not always mandated in order to register the vehicle, however, it does protect the seller from any liability for the moped after the transfer has been finalized.
Is a Bill of Sale Necessary for a Moped?
It can be beneficial with the sale of any item that involves a large sum of money to employ a bill of sale to record the transaction. Although not all mopeds require a driver’s license to operate the vehicle, most US states do obligate you to register the moped. In the case, the moped is used after the exchange in a method in violation of a state or federal law it can further procure protection from seller liability.
Selling Your Moped
Get the Moped ready to Sell
The first step you will want to take is to give the scooter a thorough cleansing to prep it for for a sale. Make sure to pay attention to crevices and spots where debris and dust can gather. To improve the appearance of your used moped, you can additionally wax the painted exterior and add shine to the tires. If you removed any parts for specialized use, ensure you have restored them, and repair any major damages as well as replacing any parts or accessories that have been frayed beyond normal wear and tear.
Set a Reasonable Purchase Price
Study your particular model and seek out the going rate in used condition by making use of evaluation websites like Kelly Blue Book or Nada Guides. From there, delve into local listings for bikes equivalent to your own in area newspapers, vehicle-specific classifieds, and Craiglist to develop a sales price based on what a scooter is selling for in your region. Find a median value based on these to figures to price your scooter appropriately. You may want to add some wiggle room for anticipated negotiation on the seller’s end as well.
Whether you decide to list your moped online or in print, you will need to generate an ad description and supplement it with appealing photos to draw in potential buyers. Craft a detailed description equipped with pertinent information such as the year, make, model, mileage, contact method. Make a descriptive note of any small defects or issues it may have and accompany it with a photo. Photograph your vehicle from the front, back, sides, and include close-ups of the lights, engine, seat and any dials or panels. You will also want to display any scuffs or problems to inform interested individuals before they come to inspect the scooter.
Promote the Advertisement
After preparing the ad, you can decide where you would like to publicize it. Gain exposure by presenting the scooter in a well-traveled route with a ‘for sale’ sign in clear view. If you select this option take steps to ensure you have a reliable lock to safeguard against any theft. You can place ads in classifieds in newspapers or circulate flyers in parts shops at your own cost. A cost-efficient alternative would be to advertise online on Craigslist, Facebook Marketplace, Cycle Trader or eBay. If you chose one of these options, vary the keywords in the title of your ad such as ‘motorized scooter’ and ‘moped’ in addition to the make and model. You can also research prospective scooter enthusiast groups in your area online via social networks to post your listing.
Complete the Transfer of the Vehicle
Once you receive a response, encourage interested individuals to meet in person to take a look at the scooter. Schedule a meetup in a public place to allow a potential buyer to inspect they moped, ask questions and negotiate. If they insist on a test-ride always insist on holding a form of identification, sufficient cash collateral to compensate the value of the scooter, and require that the rider wears a helmet. Once both parties have come to an understanding on an exact purchase price, complete the Bill of Sale form, collect the cash consideration, sign over the title (if mandated by your state of residence), and supply the buyer with keys, guides, manuals, and equipped accessories.
Complete the Moped Bill of Sale Form
If you elect to utilize the services of a notary on the provided form, do not sign the document until in the presence of the authorized authority.
Step 1 – Download the file in Adobe PDF.
Step 2 – Moped Information – Enter the prompted information allocated spaces for information pertaining to the moped:
- Engine Displacement
- Body Style
- Engine Number
Step 3 – Purchase Price – Submit the dollar amount the scooter is to be sold for and indicate the format in which the monies will be delivered to the seller.
Step 3 – Odometer Statement – Complete the odometer statement by typing in the accurate reading on the odometer in miles and place a check in the box that states ‘actual mileage’. If the odometer has reset past the number of digits that can represent the actual mileage, check of the second selection box. If the odometer is defective at the time of sale, check the final option for ‘odometer discrepancy’.
Step 4 – Seller’s Information – Include the following information relevant to the seller of the vehicle:
- Print Seller’s Name
- Seller’s Signature
- Seller’s Street Address
- Zip Code
Step 6 – Buyer’s Information – Input the information applicable to the individual purchasing the moped:
- Print Buyer’s Name
- Buyer’s Signature
- Buyer’s Street Address
- Zip Code
Step 7 – Notary Portion – The notary will finalize the form by procuring the date of endorsement, their own signature, commission expiration date, and official stamp to officiate the transaction and furnish visible legal certification.