Having a Bill of Sale for a Bicycle before any transaction takes place is essential, whether you are a seller or a buyer.
You should have this form when you are going to:
Using the form in these cases will make sure you and the other party will have a record of the new owner, in the event the bike is stolen or will be resold.
If you know you’ll find yourself in one of these situations, it’s important to use your form correctly.
To do so, you’ll need to do the following:
Mention bicycle information: Include the bicycle’s specific details and the terms of the sale.
Add your details: Ensure you and the other party are mentioned in the form.
Include signatures and date: Both parties should sign and date the document. It’s recommended to have a witness or notary public for additional validation.
Keep copies: You and the other party should keep copies of the signed Bill of Sale for your records.
Following this process will guarantee a smooth bike sale.