Documents Required to Buy a New Two-Wheeler in India

• Address proof, identity proof, and nationality proof are some of the documents required for bike purchase.
• You can buy a bike either entirely through your own funds or on EMI (Equated Monthly Instalment).
• Proof of income and bank statements are some of the documents required to buy a bike on EMI. Additionally, passport-sized photographs and identity and address proof are also needed.
• Apart from keeping the documents required for bike purchase ready, it is advisable to take a test ride and compare prices, benefits, and discounts from various dealers.

Are you planning to buy a new bike? It is indeed an exciting experience that helps you improve your travelling and daily commute. But do you know what are the documents required for bike purchase? If not, you have landed on the right blog.We will talk about the necessary documents required to buy a bike. Continue reading to prepare your document checklist so that you do not miss out on any documents required to purchase a new two-wheeler. Let’s get started.

You should start by visiting the nearest automobile dealer to buy the desired model. Once you have decided and are sure about purchasing a specific bike, you can proceed with the successive formalities.Here is the indicative list of documents required to purchase a new two-wheeler:

• Proof of Identity: Your identity proof is one of the main documents required to buy a bike. You may submit your driving licence, Aadhaar card, PAN card, etc. as identity proof.
• Proof of Address: The automobile dealer may ask you to share your address proof like a passport, rental agreement, or utility bill, among others.
• Proof of Nationality: Next, you also need to submit documents representing your nationality. These include your passport, voter ID, etc.

You can fund your bike purchase with a loan. The loan amount depends on various factors like your income, age, etc. Here are the documents required for bike purchase on EMI:

• Identity Proof: As mentioned above, these include a driving licence, Aadhaar card, PAN card, etc.
• Address Proof: Passport, rental agreement, and utility bill are some examples here.
• Income Proof: Salary slips, Form 16, and ITR (Income Tax Return) serve as income proof.
• Bank Statement: You need to submit your bank statements for a stipulated period. This helps the loan officials verify your income and deductions.
• Passport-sized Photographs: You need to provide a set of your passport-sized photographs.

Note : This is only an indicative list of documents required to buy a bike. You may be required to submit additional documents as applicable.

Now that you know about the documents required for bike purchase, let’s talk about the registration process.Before you take your bike out on the road, you need to register it with the concerned authority. This includes the physical inspection of your bike at the Registering Authority Office and the perusal of your documents.Here are some of the documents needed for the registration process:

• Duly filled in Form 20
• Form 21 (sale certificate) issued by the vehicle dealer
• Form 34 duly signed by the owner and the financier
• Attested copy of valid bike insurance policy/cover note
• Attested copy of address proof at which vehicle is to be registered
• Applicable road tax
• Registration fee, as prescribed
• Valid Fitness certificate, if applicable
• PAN Card, Form 60, Form 61, as applicable

Purchasing a new vehicle is an important milestone. It is an investment of your hard-earned money for the comfort of going to places at your convenience. Thus, don’t just collate all the documents required to buy a bike and make a hasty decision, but evaluate your decision to purchase carefully.Here are a few factors that can help you make an informed decision:

• Budget: Shortlist a bike that is within your budget and you know that you can take care of its maintenance costs.
• Price: Compare the deals, discounts, and benefits of various dealers to choose the most lucrative and reasonable deal.
• Test Ride: Take a test ride to gauge your comfort in riding and manoeuvring the bike.
• Quote: Get a clear understanding of the quote and its break-up, to understand the ex-showroom price and the other cost elements.
• Negotiate: Don’t shy away from negotiating It might help you get an extra discount or some complementary bike accessories.

Also, make sure you have all documents required for bike purchase ready so that you can complete the purchase formalities quickly and seamlessly. Also Read: Traffic Challan & Fines in India

After learning about the documents required for bike purchase, you can now expect to finish the related formalities smoothly and be a proud bike owner soon. However, riding a bike is a big responsibility. Make sure to follow all traffic rules and create a safe driving experience for yourself and others.One of the important things is to get a customised insurance policy that matches your needs and provides extensive coverage for your bike. Just like you compare different options before finalising a bike, you should evaluate and pick a suitable Bike insurance policy for your bike. Also Read: What Is Bike Insurance?