When a buyer lawfully purchases an all-terrain vehicle (also known as a “four-wheeler”) from you for a predetermined sum of money, you must utilize an ATV bill of sale form.
The title paperwork certifies the ownership of the vehicle and includes the buyer and seller’s contact details, the amount the ATV sold for, as well as the brand, model, year, VIN, and any additional information the seller would like to add.
Thus, to assist you in making better decisions going forward, I will go into greater detail on the former in this post.
An ATV bill of sale is what?
To formally record the sale of an all-terrain vehicle between a buyer and a seller, an ATV bill of sale is required. In addition to recording the sale price and the buyer and seller, it also establishes a record of the car.
When buying an ATV, especially from a private vendor, ATV bills of sale are required documentation. It is frequently required to provide proof of ownership when registering or transferring the title of an ATV at your local DMV.
If the buyer and seller disagree about who owns the ATV, these bills of sale also prove to be useful. To prevent confusion, the signed document includes a detailed description of the all-terrain vehicle at the time of sale, the conditions of their agreement, and the signatures of both parties.
Bill of Sale for UTV:
Used when buying or selling a Utility Task Vehicle (UTV), it contains information on the buyer-seller transaction, such as the purchase price, vehicle description, and sale date.
A UTV Bill of Sale, which contains a disclosure statement from the seller regarding the UTV’s present condition, is essential for registration and tax purposes.
Additionally, this form provides essential protection for the vendor and the buyer. It serves as the buyer’s proof of ownership and is essential for registration or if the UTV is stolen. It absolves the seller of any further obligations regarding the UTV.
How to Draft an ATV Bill of Sale:
With the aid of our online legal document-making tools, creating a bill of sale for an all-terrain vehicle is a simple task that will be even easier. With their professional templates, expert advice, and step-by-step instructions, these may assist you in customizing your form for any state.
As an alternative, you can hire an attorney to prepare a custom form or complete one that can be obtained from the DMV to document the sale. However, you always need to include the following in your own ATV bill of sale document:
- Date of sale
- The buyer’s name and address
- The seller’s name and address
- The vehicle’s model, year, and make
- An explanation of the ATV
- The car’s Vehicle Identification Number (VIN)
- The amount that the buyer and seller agreed upon
- The day on which the sale is finalized and full cash is received; any warranties that apply to the car, the buyer, seller, and witnesses’ signatures and dates.
In addition, certain sections of the contract must explicitly state that the seller has the legal right to complete the transaction. To ensure that the sale document is genuine, there must also be a section that indicates that the buyer and seller will become the new owners of the vehicle.
Example of an ATV Bill of Sale
It seems logical to have a look at a completed example of an ATV bill of sale before beginning one. The bill of sale sample provided below demonstrates the format, phrasing, and necessary information that should be included in your final document.
5 Steps to Selling an ATV
Step 1: Examine the ATV
Examining the ATV thoroughly will enable the owner to see any evident damage. Take off any coverings, inspect the battery terminals, test the shocks (being careful to check for leaks), inspect the oil, start the ATV at idling, and listen for any strange noises. Take the ATV for a thorough test drive if at all possible. Pay attention to the suspension, shift through all of the gears, and listen for anything that doesn’t sound quite right.
Step 2: Perform the Required Repairs:
If an ATV is in good operating order, it will sell for much more money than if it requires any other repairs, such as new tires, cables, top-end rebuilds, clutch replacements, or other maintenance. The increased sale price of the ATV will cover the cost of labor and parts unless the repair business charges an outrageous fee for their services. The most typical upkeep for four-wheelers consists of:
- Change the oil and filter.
- Valve modification
- Fresh plugs for spark plugs
- Cable adjusting
- Fresh brake pads
- Oiled, adjusted, and cleaned the chain
- Clean the coolant
- Fresh startling
An ATV’s age, mileage, model, kind of engine (two or four-stroke), and storage conditions (garage, under tarp, etc.) are some of the factors that will affect the cost of repairs.
Step 3: Make it clean
Cleaning an ATV is pretty similar to cleaning a car. All you need is a bucket filled with tepid water, a sponge, mitt, or brush, paint-safe soap, and a way to rinse it off. In general, the proprietor ought to:
- Remove any large dirt or debris particles by rinsing them off.
- Fully submerge the ATV.
- Using a mitt or brush dipped in soap, thoroughly clean the ATV.
- Wash it out.
- To eliminate any damp areas, pat dry using a towel.
Step 4: Establish a Listing
Typical selling choices are as follows:
ATV Trader on Craigslist: Free for two weeks, about $30 for six, or about $50 for twelve.
eBay: Starting at $25 for packages
Owners should be ready to accept bids that are between 5% and 20% below the selling price unless they explicitly state that negotiations are off the table. It is possible to offset this by raising the price as necessary. The best source of pricing information is the prices at which comparable ATVs (in terms of make, model, and miles) have sold recently.
Step 5: Complete the Sale by Negotiating
The owner must be available for prospective purchasers to view the ATV in person unless they are prepared to ship the vehicle to the buyer. A buyer will present an offer if they are serious. The owner then has the option to accept the buyer’s offer or make a counteroffer at a higher price. As an alternative, the owner may accept the price as long as they complete the transaction by the next day or under another arrangement of their choosing.
As soon as the vendor has the money for the ATV, they can complete the necessary paperwork, which entails the following steps:
Finishing and signing the bill of sale, which both the buyer and the seller must sign; and
approving the title of the ATV, which serves as proof of ownership and is required for insurance and registration.
All things considered, the seller ought to offer the new owner the title, maintenance records, and the original copy of the bill of sale in addition to any other paperwork they may have received when they first bought the ATV.
