Motorcycle Purchase Agreement Template

  • 2 min read
  • Feb 02, 2020

If you have been considering purchasing a motorcycle, the last thing you need is for it to be eaten away by lawyers. A good Motorcycle Purchase Agreement (MPA) should only deal with two aspects: pricing and service. After all, the most important part of the purchase is to have your bike to ride in style.

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In addition to these two very important parts, the other two things to consider are legal and financial services. The prices for the two items are sometimes separated by one third. But, there are also provisions for rental cars and/or driving aids if this will benefit you more.

Perhaps, what matters the most is the service fees. However, you may prefer them not to be separated, especially if you will be using the bike for business purposes. It is a big decision that will impact you and your business in the long run.

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Now, the way that a motorcycle purchase agreement works is that the payment and service fee are listed on an order form that you fill out. The payment is usually made to the finance company if the lender approves it. You can also check the financial institutions that the payments will be processed through. Some banks will charge an extra fee for that service, which should be a warning that you do not take the service lightly.

After you have received your motorcycle, the entire financial arrangements are outlined in your MPA. The document is quite lengthy, so it may be difficult to read. Once you get it done, it is time to make any amendments to the plan that are necessary.

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Most people take this step of adding the service price as a bit of a hassle, but you are required to get this information from the finance company. Some companies offer these reports online, but they should be trusted sources.

Since your motorcycle will be used in your business, service charges for the life of the motorcycle should be included in the pricing package, otherwise, it is a waste of money. If you are looking for a good Motorcycle Purchase Agreement, be sure to choose a reputable company.

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