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Old 12-28-2012, 12:06 PM   #1
itsmebanky
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Just bought a bike from a private seller, some Q's

So i just bought my first bike yesterday and had some questions regarding transferring the title / registering the bike under my name.

i have the title in hand with the seller's signature and everything but:

when i go to the tax office to do the paper work, will i need a bill of sale proving sale price? or can i verbally tell them the sale price?

will i need some sort of motorcycle inspection like a car?

do i need a new tag?

do i need the motorcycle endorsement to register the bike?

thanks for any help!
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Old 12-28-2012, 12:08 PM   #2
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They are going to look up the fair market value for the bike and determine your price from it.

Inspection isn't needed to transfer title.

You should get a new tag with the transfer.

No endorsement needed for registration.

You do need the transfer paperwork signed by the seller though. You can find it on the txdot site.
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Old 12-28-2012, 12:09 PM   #3
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covered it
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Old 12-28-2012, 12:15 PM   #4
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Got to have proof of insurance too.
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Old 12-28-2012, 12:16 PM   #5
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Quote:
Originally Posted by lisiecki1 View Post
They are going to look up the fair market value for the bike and determine your price from it.

Inspection isn't needed to transfer title.

You should get a new tag with the transfer.

No endorsement needed for registration.

You do need the transfer paperwork signed by the seller though. You can find it on the txdot site.
Agree with all the above, but... If you show that you paid more than "fair market value", I think you pay the tax on that higher amount. No doubt that if you paid less, you are still taxed on "fair market value". The only way around it is if you get the vehicle as a gift. I know (because I just did it 2 weeks ago) that both buyer and seller can go to the tax office, and transfer the vehicle as a gift. You still pay, but it is far less.
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Old 12-28-2012, 12:18 PM   #6
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Quote:
Originally Posted by DGShannon View Post
Agree with all the above, but... If you show that you paid more than "fair market value", I think you pay the tax on that higher amount. No doubt that if you paid less, you are still taxed on "fair market value". The only way around it is if you get the vehicle as a gift. I know (because I just did it 2 weeks ago) that both buyer and seller can go to the tax office, and transfer the vehicle as a gift. You still pay, but it is far less.
The gift thing is also only good from immediate family members. I had to pay full amount 6 months ago because "aunt" isn't immediate enough when we got my wifes new car.
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Old 12-28-2012, 12:18 PM   #7
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Quote:
Originally Posted by lisiecki1 View Post
They are going to look up the fair market value for the bike and determine your price from it.

Inspection isn't needed to transfer title.

You should get a new tag with the transfer.

No endorsement needed for registration.

You do need the transfer paperwork signed by the seller though. You can find it on the txdot site.

nailed it.....

Also dont wait too long as there is a penaly if you wait over 30 days i believe.
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Old 12-28-2012, 12:25 PM   #8
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just some random questions. can a person register a motorcycle without having a motorcycle licence? and can we trust a title registration service company? I can't find the time to go to the tax office.
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Old 12-28-2012, 12:31 PM   #9
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Quote:
Originally Posted by lisiecki1 View Post
They are going to look up the fair market value for the bike and determine your price from it.

Inspection isn't needed to transfer title.

You should get a new tag with the transfer.

No endorsement needed for registration.

You do need the transfer paperwork signed by the seller though. You can find it on the txdot site.
You need state inspection to register the motorcycle(to get the plates). Just for transferring the title, you don't need the inspection.
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Old 12-28-2012, 12:32 PM   #10
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Quote:
Originally Posted by itsmebanky View Post
So i just bought my first bike yesterday and had some questions regarding transferring the title / registering the bike under my name.

i have the title in hand with the seller's signature and everything but:

when i go to the tax office to do the paper work, will i need a bill of sale proving sale price? or can i verbally tell them the sale price?

will i need some sort of motorcycle inspection like a car?

do i need a new tag?

do i need the motorcycle endorsement to register the bike?

thanks for any help!

You can get the fair market value for your bike here

http://www.dmv.state.tx.us/vehicles/...tive_value.htm
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Old 12-28-2012, 12:52 PM   #11
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Request new tags, just to be safe
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Old 12-28-2012, 01:05 PM   #12
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Quote:
Originally Posted by EpikMuffin View Post
just some random questions. can a person register a motorcycle without having a motorcycle licence? and can we trust a title registration service company? I can't find the time to go to the tax office.
You do not need a motorcycles license or even a valid drivers license to register a vehicle.
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Old 12-28-2012, 01:06 PM   #13
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User is banned

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Old 12-28-2012, 01:50 PM   #14
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if it was previously titled in Texas,

you need to use this as a bill of sale:
http://www.txdot.gov/txdoteforms/Get...vletConfig.xml

bring the title and insurance.

no need for inspection.

(as basically everyone stated above)
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Old 12-28-2012, 02:06 PM   #15
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Quote:
Originally Posted by j_e_hurst View Post
You do not need a motorcycles license or even a valid drivers license to register a vehicle.
Don't know that anybody would insure you without a license.
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Old 12-28-2012, 02:08 PM   #16
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Quote:
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Don't know that anybody would insure you without a license.
Most will insure you, just be sure to get your license before you ride it. I had insurance on my bike with no license with progressive
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Old 12-28-2012, 03:46 PM   #17
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yeah progressive gives insurance without license. i took the safety class. The dang DPS won't let me take the written test yet because they need to verify something, and they don't know how long it would take, even thought i showed all the supported document.

any way, thank you guys! I guess I can just go there to register my bike without the motorcycle licence then.
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Old 12-28-2012, 03:57 PM   #18
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Don't know that anybody would insure you without a license.
Guess again...
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Old 12-28-2012, 04:26 PM   #19
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Quote:
Originally Posted by hotnanas View Post
if it was previously titled in Texas,

you need to use this as a bill of sale:
http://www.txdot.gov/txdoteforms/Get...vletConfig.xml

bring the title and insurance.

no need for inspection.

(as basically everyone stated above)
The bike will need to have the inspection done if you want to register it(to get the plates).
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Old 12-28-2012, 04:47 PM   #20
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Quote:
Originally Posted by white_335i View Post
The bike will need to have the inspection done if you want to register it(to get the plates).
Get out
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