Selling a motorcycle in Massachusetts is very much like selling any other vehicle. To start with the process of selling your bike, you need to have thorough information about the rules and regulations relevant to Massachusetts. The following three laws are in place to protect the customers from fraudulent auto deals.
- Used Vehicle Warranty Law;
- Lemon Aid Law;
- Odometer Laws.
Any violation of these laws can lead to cancellation of the sale and the buyer will be eligible for a full refund. You can advertise your bike online, in newspaper or through a dealership. Most buyers will ask for the vehicle identification number to obtain the vehicle history report before making the final payment. Sellers should provide this report themselves. This will prove the vehicle’s functionality and safety. Consequently, it can speed up the transaction.
Sellers are obligated to facilitate the buyers by assisting in the process of title transfer. A buyer is under no obligation to pay for the bike until they get the title. You must fill out the information on the back of the title regarding the date of sale, names and addresses of buyer and seller, and the purchase price. It has to be signed by both parties. The title transfer is the only way through which ownership of motorcycle is legally transferrable.
A Motorcycle Bill of Sale is also required from the seller. It will mention the sale price and the date on which the transaction is finalized. Also stated are the seller’s name, driving license number, address, phone numbers, motorcycle make and model, engine size and vehicle identification number. This information is helpful for tax purposes. Furnishing an Odometer Disclosure Statement is also recommended. It will mention the exact mileage of the bike and declare any existing defects.
The Massachusetts Registry of Motor Vehicle requires that the license plates removed from the bike should be turned at any of their offices. Sellers are also advised to apply for a Release of Liability.
This will serve to protect the rights of both the buyer as well as the seller. The seller will no longer be associated with the citations earned by the new owner and the buyer will have the ownership firmly established in his name.