Sales Receipt

ifiddles

ifiddles

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First off, I've never bought or sold anything privately (other than an old lawnmower for $50) so looking for input on how to write up a bill of sale...hubby has a guy coming to look at his bike tomorrow, and if he likes it, the purchaser is bringing a deposit to hold it while hubby gets a safety done...I know we should include the following:

  1. hubby's information (name, address)
  2. purchaser's information (name, address)
  3. vehicle information (make, model, VIN #, odometer reading)
  4. sales price (along with deposit amount)
​
What about wording around selling it without a warranty, as is....not sure on the legalese...anything else I'm missing?

Anyone have one they can post or PM me? I looked online but I see so many, it's mind boggling. (going for a ride so I'll respond later when I get home) TIA :D
 
Sold 2015 xxx bike vin...... to bob for $$$ on Sep 10 2024.
Sign it. (Registered owner) Date it. Make two, one for you, one for bob.
Keep ½ the ownership. Sign Bob's half. Hand over uvip & safety. Send bob on his way.
Remove insurance.

No need to state fit or not. No warranty, not necessary. If there's a transferable existing warranty, different case.
 
I just go with "as is, where is". I don't think that is necessary as that is the default assumption unless you explicitly state otherwise. For things without VIN's, if the seller seems a little dodgy, I include "the property is legally mine and to the best of my knowledge is not stolen". Most sellers have no issue signing that. If they won't sign it, I walk, I don't need stolen crap. If the police show up at some point and ask questions, I have done the best I can to try to avoid buying stolen merchandise and will happily provide them the sellers info that I have.

A vehicle with a VIN is pretty clean. You need to provide a UVIP which has a sales section on it (technically an HTA offence if you don't however I have never got one from a seller). Keep your plate and the plate portion of the ownership. Take the paperwork to SO after the seller leaves to let MTO know that you no longer own the bike. Depending on your feeling and relationship with the buyer may change how you choose to write up the bill of sale (eg you may have a bill for accessories and one for the bike, they only pay tax on the bike).
 
Thanks...hubby got the UVIP the other day, so we're good on that front...I was thinking of using that wording "as is, where is", just wasn't sure if it would be sufficient or not...I knew about the ownership, plates and Service Ontario routine too...I was more worried about making sure we weren't selling it with a warranty/guarantee...be safe everyone! :D
 
ifiddles said:
First off, I've never bought or sold anything privately (other than an old lawnmower for $50) so looking for input on how to write up a bill of sale...hubby has a guy coming to look at his bike tomorrow, and if he likes it, the purchaser is bringing a deposit to hold it while hubby gets a safety done...I know we should include the following:

  1. hubby's information (name, address)
  2. purchaser's information (name, address)
  3. vehicle information (make, model, VIN #, odometer reading)
  4. sales price (along with deposit amount)
​
What about wording around selling it without a warranty, as is....not sure on the legalese...anything else I'm missing?

Anyone have one they can post or PM me? I looked online but I see so many, it's mind boggling. (going for a ride so I'll respond later when I get home) TIA :D
Click to expand...
It's a good idea to have the UVIP package available for the buyer - it costs $20 at Service Ontario. By law (HTA Used vehicle information package ) the seller must provide a UVIP in Ontario, the last page in the UVIP package has a part that can be used as the Bill of Sale.

In practice, not every seller provides a UVIP. The risk you take is a grumpy buyer reports you sold the vehicle without providing a UVUP -- the fine is $100. It's unlikely a seller would be that petty... but you never know.

As for as-is/where-is statement is not required, it is implied when you are not a dealer - caveat emptor for the buyer.
 
ifiddles said:
Thanks...hubby got the UVIP the other day, so we're good on that front...I was thinking of using that wording "as is, where is", just wasn't sure if it would be sufficient or not...I knew about the ownership, plates and Service Ontario routine too...I was more worried about making sure we weren't selling it with a warranty/guarantee...be safe everyone! :D
Click to expand...
The back page of the UVIP has a bill-of-sale. I usually just use this and write "ASIS, no warranty" on the line beside the price. Only time I do a separate bill-of-sale is if I'm changing the sale price to help the buyer with taxes.
 
@woot thanks! I like that idea...we have the UVIP and I noticed the bill of sale on the last page, but just assumed most people don't use it because of tax reasons...however, I don't think there's a 'black book' value on it due to it being a motorcycle, so I guess any amount can be written on it...
 
@Mad Mike we have the UVIP, but I didn't know that about the as is/where is statement...like I said, I've gone 54 years without buying used vehicles (or selling them except to a dealer)...I've lived a sheltered life LMAO
 
No black book on motorcycle / toy sales as far as I know. There may be 'are you sure?' if you put in $500 but I think all my motorcycles were bought/sold for $2000-3000.

Couldn't get around that with the trailer as the guy actually wrote it on the bill of sale.
 
I no longer play silly bugger with the pricing on bills of sale , Guy can write his own later if he chooses , I have enough stress without it. If he cant afford xxx and yyy tax , maybe its not for him. Thats just me .

sold to xx , date , for value of xx , sold by xx
VIN # , color and make model
As is , where is , with supplied paper work ( UVIP,cert, ect.)
done
 
Since the seller fails to provide a UVIP nearly every time I buy a vehicle, sometimes I will ask them to assert in writing that it has no liens on it. And of course that only goes so far - they already have your money and you will have to fight to get it back.
 
TwistedKestrel said:
Since the seller fails to provide a UVIP nearly every time I buy a vehicle, sometimes I will ask them to assert in writing that it has no liens on it. And of course that only goes so far - they already have your money and you will have to fight to get it back.
Click to expand...
If I'm serious, I will ask for the vin and grab a uvip on the way. Shows seller I am serious and I know that it is current and unaltered. If I decide not to buy the vehicle, I leave the seller with the uvip (as most dont have one). It only costs $20 and anyone can buy it with a vin.
 
We met the guy yesterday in Orangeville (he drove down from Sudbury) and he gave us a deposit...so the bike is sold...I made up two receipts showing names, vehicle information, sale price, deposit, balance owing, signed and dated (one copy for him, one for us)...he wants to pick up second week of April so we'll get it safetied in a couple of weeks...didn't check his license or any other ID, but hey, we have a deposit...

From my other thread (XT250s), dealer says we can get out of the deal (he wants to see one of the units before giving hubby back his deposit) so hopefully that will happen soon...

Hubby now looking at either a Suzuki GSX-S750, Yamaha FZ/MT09, Kawasaki Z900...
 
ifiddles said:
We met the guy yesterday in Orangeville (he drove down from Sudbury) and he gave us a deposit...so the bike is sold...I made up two receipts showing names, vehicle information, sale price, deposit, balance owing, signed and dated (one copy for him, one for us)...he wants to pick up second week of April so we'll get it safetied in a couple of weeks...didn't check his license or any other ID, but hey, we have a deposit...

From my other thread (XT250s), dealer says we can get out of the deal (he wants to see one of the units before giving hubby back his deposit) so hopefully that will happen soon...

Hubby now looking at either a Suzuki GSX-S750, Yamaha FZ/MT09, Kawasaki Z900...
Click to expand...
Is @Georg3__ selling his yet? I know he is lusting after an adv bike.
 
TwistedKestrel said:
Since the seller fails to provide a UVIP nearly every time I buy a vehicle, sometimes I will ask them to assert in writing that it has no liens on it. And of course that only goes so far - they already have your money and you will have to fight to get it back.
Click to expand...
anyone can request a UVIP, doesn't have to be the owner
 
@bigpoppa that's the one I'm trying to convince him to get...needs to get his deposit back from the dealer for the two XT250s he bought (SMH) before he can buy anything else...and he needs to sit on them, so I think we'll be hitting some bike shops next weekend...

I'm actually eyeing an R3 in a funky turquoise color...might have to check it out as well...🤔
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