Bike Resale Agreement

The deed of transfer is the certificate that the seller should possess in order not to have legal debts in the future on the bike. 2 original copies (no photos) of the deed transfer must be taken. The engine number, chassis number and registration number must be written on it. The sales stamps must be glued to them and signed by the buyer. Buyers and sellers should own the forms. There are three scenarios in which a transfer of ownership of bicycles is required. Behold: It is necessary to buy a car tax certificate from a former owner before buying a used bike. If you are commissioning a bicycle possession transfer, you must also submit this certificate to the RTO. This is either an annual or one-time payment to the OTR and serves as proof of timely payment of tax. To reach the highest possible selling price for your bike, you should clean it up and down. You can use soap and water, sponges and a soft brush to get dirt or grease from the frame and tires. Remember that you want to keep water away from gears, shocks and other moving parts to avoid malfunctions on the road.

You can even apply a light wax to the frame, shine for the tires and lubricant on the chain to improve the overall picture. If there is major damage to the bike, it will be in your best interest to take care of them before the list. You might even want to consider riding your bike before the sale in order to have other physical evidence of the exceptional condition of the bike when it comes to negotiating. Another important document required for the transfer of ownership of the bike is an insurance certificate. In accordance with updated vehicle legislation, all vehicles on Indian roads must have an insurance certificate. CSTV is a mandatory requirement for used bike owners, whether driving or purchasing two-wheeled insurance. The bike must have a valid insurance certificate for the duration of the sale. Once the ownership of the bike is changed to the owner`s name, make sure they also change the owner`s name in the insurance certificate. This can be done through a written application with the insurance company. When the insurance expires, the new owner must pay the fine for the time without the insurance, so that the vehicle is insured.

The buyer`s and seller`s signatures on a proof confirm the conclusion of the sale by mutual agreement. This receipt also contains information about add-ons or taxes paid when transferring ownership of the bike. It`s safer to sell your bike to people you know or to reputable sporting goods stores. If you have to sell to a stranger (either online or via an information ad), then meet and exchange in a public place with a lot of people around.