Documents Required To Purchase New Two Wheeler

What are the Documents required to Purchase a New Bike?
Documents Required to Buy New Bike for Registration

The documents required to buy a new two-wheeler are as follows:

  • Attested copy of the ID proof of the buyer
  • Proof of residence copy, attested
  • Passport size photos
  • Buyers will have to additionally provide income proof in case the bike is bought through a loan. The original ID proof and address proof are also required

Learn more about this below.

List of documents required to buy new two wheeler in India:

Given the congested riding conditions in Indian cities, where traffic moves at a snail’s pace, can is often the most suitable form of commuting. Not only are they easy to maneuver through traffic, but also require far lesser space for parking, making them ideal for in-city travel. Be it travelling going to pick up groceries, travelling to work, popping over to a nearby store, making a quick trip to a friend’s house, a two wheeler helps save considerable time.

In case you are planning to buy a two-wheeler, do be prepared to provide documents which will be required by the dealer, the bank (in case you are taking a loan) and the two wheeler insurance company. Following are the documents which you will need to provide.

Documents required For Vehicle Registration:

  1. Passport size photograph
  2. Attested copy of ID proof – Driving License or PAN Card
  3. Proof of Permanent Residence (attested copies) – Passport, Voter ID Card, copy of LIC policy.

In case you do not have any of the aforementioned documents, you may provide any of the following documents as an alternative. Please note, the documents must be duly attested.

  • Electricity Bill
  • Phone Bill (BSNL Land Line)
  • Ration card
  • House Tax Receipt from corporation
  • Index II

In case you are purchasing a two-wheeler in a city other than that of your residence, these are the additional documents you will be required to provide. All documents provided must be duly attested.

  • Copy of Registered Rent Agreement.
  • Copy of your landlord’s electricity bill.
  • Letter From Your Employer or Bonafide Certificate from your college.
  • Original Affidavit

Documents Required To Buy A Two Wheeler On EMI:

Buying a two wheeler and making the payment in full may not be possible for everyone as some of these bikes or scooters today are really expensive and people may have budgetary limitations. Even if you cannot pay in full, you do not have to delay your purchase as you can always finance your bike up to 100% and repay the amount in easy, flexible EMIs.

You can purchase a two wheeler on EMI if you are a salaried individual or a self-employed person. The rate of interest, processing fee, EMI bounce charges, etc. on these loans may vary based on the lender. While most banks offer 2-wheeler loans, private financing firms such as Bajaj Finserv and Tata Capital have also gained popularity. The EMI facility can also be availed from two-wheeler dealers who have tie-ups with various lending firms.

The tenure for such loans may vary from 6 to 60 months based on the facility offered by the lender. You may check your two-wheeler loan eligibility and compare different options before choosing a particular EMI facility provider. Here are the list of documents that you might need to buy a new bike on EMI.

Documents Required By Salaried Individuals:

  • Proof of Identity: Aadhar Card/Pan Card/Passport/Driving License/Voter ID and passport size photos.
  • Proof of Address: Driving License/Passport/Voter ID/ Aadhar card/ Utility Bill/Bank statement
  • Income Proof: Bank statements of Last 3 months, salary slips of last three months/Salary Certificate/Form 16.

Documents Required By Self-Employed Individuals:

  • Proof of Identity: Aadhar Card/Pan Card/Passport/Driving License/Voter ID and passport size photos.
  • Proof of Address: Driving License/Passport/Voter ID/ Aadhar card/ Utility Bill/Bank statement
  • Income Proof: Income Tax Return (ITR), Last 3 months’ bank statements

News About Documents Required To Purchase New Two Wheeler

  • Some year end discounts on scooters and bikes

    A number of manufacturers and dealerships are offering attractive benefits and offers on scooters and motorcycles. Keerthi Triumph situated in Bengaluru is offering two very good deals for the Street Twin. The first offer will come with an optional seat and an exhaust system as part of accessories worth Rs.1.5 lakh. There is also another option which will provide a cash discount of Rs.80,000. It is expected that a number of dealers will offer such benefits in the coming days as the 2018 Street Twin is set to be replaced by the 2019 Street Twin. The same dealer is also offering an aftermarket slip-on exhaust for the Street Triple S for free. Harley Davidson dealerships across the country are offering hefty discounts on the Street Rod 750 and the Street 750. The discounts offered range between Rs.52,000 and Rs.1 lakh. All the BMW dealers in the country are offering discounts on the G 310 GS and G 310 R. The benefits offered by BMW come in the form of cash discounts, reduced interest rates, and free insurance. There is a possibility to save up to Rs.70,000 using these offers. Ducati dealers in Bangalore are offering discounts of up to Rs.70,000 on the Ducati Multistrada 1200 Enduro. There are discounts offered on scooters as well with a maximum discount of up to Rs.11,000. There are cashback offers of up to Rs.2,500 available for payments done using Paytm.

    21 January 2019

  • Some year end discounts on scooters and bikes

    A number of manufacturers and dealerships are offering attractive benefits and offers on scooters and motorcycles. Keerthi Triumph situated in Bengaluru is offering two very good deals for the Street Twin. The first offer will come with an optional seat and an exhaust system as part of accessories worth Rs.1.5 lakh. There is also another option which will provide a cash discount of Rs.80,000. It is expected that a number of dealers will offer such benefits in the coming days as the 2018 Street Twin is set to be replaced by the 2019 Street Twin. The same dealer is also offering an aftermarket slip-on exhaust for the Street Triple S for free. Harley Davidson dealerships across the country are offering hefty discounts on the Street Rod 750 and the Street 750. The discounts offered range between Rs.52,000 and Rs.1 lakh. All the BMW dealers in the country are offering discounts on the G 310 GS and G 310 R. The benefits offered by BMW come in the form of cash discounts, reduced interest rates, and free insurance. There is a possibility to save up to Rs.70,000 using these offers. Ducati dealers in Bangalore are offering discounts of up to Rs.70,000 on the Ducati Multistrada 1200 Enduro. There are discounts offered on scooters as well with a maximum discount of up to Rs.11,000. There are cashback offers of up to Rs.2,500 available for payments done using Paytm.

    21 January 2019

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