You need to know how to endorse a motorcycle bill Because that vehicle is your property and you want to transfer it to another person? In a previous post we indicated how to endorse an invoice for the transfer of a vehicle you can see it at: https://www.bloghispanodenegocios.com/endosar-factura-carro/
Actually endorse a motorcycle bill It is a very easy move to do if you have the correct information to transfer the ownership of your motorcycle, then you should continue reading …
Example of how to endorse a motorcycle invoice
To resolve how to endorse a motorcycle bill and that you can make a correct endorsement, first of all you must know that it will be a transfer of rights.
The transfer of ownership of that vehicle must be done by writing the transfer of ownership on the back of the invoice.
Although you are interested in knowing about the endorsement of your motorcycle, in the same way you can make the transfer of ownership of a machine, a car, a computer, etc.
But so that you can understand the procedure, it is best to read an example:
1.On the back of the invoice, that is, on the back, you will write the text of the endorsement as follows:
I, (your full name and surname) transfer the ownership of this motorcycle in favor of Mr. (first and last name of the person to whom you transfer the ownership of your vehicle), new owner of said vehicle.
Mexico on (day) of (month) of (year)
Your signature
Another example of how a motorcycle bill is endorsed in Mexico
You still want to know another example of how to endorse a motorcycle bill in Mexico? Well, on the back of the invoice (on the back) as a seller you must write I assign the rights to Mr. (first and last name of the buyer) and below you will write your name and sign including the date and place.
In this way you indicate that there was a transfer of ownership, since the ownership of a movable property is not transmitted with an endorsement but it is considered as an indication of transfer of rights.
Even according to the civil code, its article 798 indicates that the possession of a vehicle becomes the presumption of ownership.
Now you know how to endorse a motorcycle bill, you may also be interested in the following:
How to cancel auto invoice endorsement?
Cancel auto invoice endorsement It is much easier than you suppose, because if endorsing an invoice even though it is brought from an electronic invoice is simple, the cancellation will be much easier:
- As the owner you can cancel it by crossing out the signature and crossing it with lines.
- In this way, when you cross out the signature and cross the previous text that corresponded to the endorsement, the legal act that manifested your willingness to assign the rights will not exist.
- Keep in mind that if your intention to cancel the endorsement of an invoice has to do with the fact that you made a mistake when writing the name of the person to whom you assign the rights, you will not be able to cross out the wrong name and write the correct name because by law Any marking on the back of the invoice is considered the signature of the endorser.
Motorcycle Invoice Endorsement Model
How to endorse an electronic invoice?
- With respect to electronic invoice endorsement, it’s about the invoice AMDA with all its security that includes holograms, micro-texts and watermarks.
- When you bought your car You did not receive a traditional invoice but a digital receipt because most distributors use electronic invoicing.
- In fact, paper invoices lost their validity since January 1, 2013.
- In the purchase – sale of vehicles between individuals, the endorsement for the transfer of rights and obligations was common.
- As in Mexico there is no title deed, the invoice worked as a demonstration of ownership of the vehicle.
- But with the advent of the digital invoice and being a document that can be easily reproduced, it has several security locks in the same way as banknotes.
- Even as there is no public vehicle registry, another unique document was created so that it can be used as the paper invoice. This document is the AMDA invoice.
- In fact, the vehicle could be sold several times to different people printing the invoice as many times as necessary, which is an avoidable problem.
- It is avoided with the AMDA invoice, which is the printing of the fiscal digital certificate on a special type of paper that is the one that has the security elements.
- This is a document that is used in the same way as the printed invoice.
- It is a system that allows all distributors to use the same paper with the security elements in which they print a copy of the fiscal digital certificate. The first copy is delivered to the buyer.
- This first copy is the one that the buyer endorses when carrying out a transaction between individuals.
- Well, it is a document recognized by the Association of Banks of Mexico, the Mexican Association of Specialized Financial Entities and by the Mexican Association of Insurance Institutions after the agreement signed by the AMDA and said entities to avoid fraud and carry out reliable financial operations.
- In the paper of the document you can see in addition to the holograms, micro-texts and watermarks, stamps and folio numbers engraved like paper money.
- Keep in mind that if you are thinking of buying or selling a used car to a person, you must make a purchase contract since the endorsement of the invoice does not work as proof of ownership.
- It is not convenient that you buy cars in batch because the printed document that would correspond to the ownership of the vehicle does not assure you of its authenticity, nor are you sure that the vehicle has been registered with Profeco, which you will ensure if you go to a place formal.
- On the other hand, if you sell your car, remember to cancel it in the Repuve, since you have no guarantee that the buyer will make the change of ownership despite having signed a commitment document to cancel it in the Public Vehicle Registry and for therefore as a seller you will be at risk. Then you will unsubscribe and the buyer will register it in his name.