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Selling a motorcycle can seem daunting. Not only do you have to deal with people and their potential flakiness, but it’s also a bit of an emotional move selling such a fun vehicle.
There’s a lot of questions you might have when selling your motorcycle. You will be happier and save yourself a lot of frustration by asking the right questions.
Is it okay to let a potential buyer test drive your motorcycle It is recommended that potential buyers test drive the motorcycle you sell. Most buyers won’t make the purchase unless they have a test run. It’s also advised to have collateral against the buyer during a test drive such as the full asking price in cash and/or their driver’s license in the case they steal the motorcycle or damage it.
Selling a motorcycle can be a complicated process. There are many things that could go wrong. If you prepare for these hazards properly, you can avoid them and sell your motorcycle quickly.
How to safely allow buyers to test drive your motorcycle
In the past six years, I’ve sold or bought thirteen to fourteen motorcycles. Since I was in college and had to repair motorcycles to pay my college tuition, it is no surprise that I am interested in buying and selling these vehicles.
Selling motorcycles is a difficult business. I have encountered every scenario possible. From desperate to flaky to straight up rude, you’ll probably run in to a few interesting people yourself.
One of the biggest questions potential buyers have about a motorcycle for sale is whether they should allow them to test drive it. You should absolutely let potential buyers test ride them so they know exactly what they’re getting in to.
When I started selling motorcycles for flips, I was against people being allowed to test-ride the bikes I sold. I was often left frustrated because It would take a long time to sell the motorcycles and when I did, I didn’t get as much as I was hoping for.
My experience quickly taught me that testing out motorcycles for potential buyers was an essential part of the selling process. Honestly, would you want to put a couple grand down on something that you hadn’t yet test driven? Most people will assume you are trying to hide something if you don’t let them test ride and they will look elsewhere.
But that doesn’t mean that you should be left in the dust on high-risk lane. There are several things you can do to ensure you don’t let the world’s finest steal your motorcycle or damage it.
One thing you should always do is take a picture of their driver’s license before they go out for a ride. Before you take a photo, make sure you have a good look at the license. The buyer may be motivated to be more careful with their motorcycle since they know that you have their information.
It can make you feel better about the situation. Ask for the agreed-upon price in cash before they take the motorcycle for a ride. A deposit can be requested before the buyer takes it out. It will be a security measure against potential buyers in the event they damage your bike. Be aware that some potential buyers may be wary of this as they don’t know how honest you are as the seller.
There are other safety tips that you should consider when selling your motorcycle
Through the many times I have sold a motorcycle, I’ve been able to find some additional helpful tips and tricks that will ensure the safety of your selling experience with your motorcycle.
First, don’t assume that holding on to their car keys and standing next to their car is considered collateral against them while they test ride your motorcycle. The potential buyer could also have stolen your car or other vehicle to meet you if they are dishonest. You will not be helped by this.
It’s always a good idea to have a friend with you during a motorcycle sale transaction. They can also be there to witness the events, in case they turn bad. They can also be a source of moral support throughout the entire process.
Ask the potential buyer where he/she intends to test ride the motorcycle. The rider may have to give you the exact route they are riding. It is possible to set a time limit for how long the buyer may keep it. Any time that lasts more than ten minutes is considered excessive.
During the sale of your vehicle, keep the gas tank full. If anyone attempts to steal it while taking it out for a test run, they won’t be able to get too far without getting stranded with an empty tank of gas. You can also let potential buyers know the amount of gas in your vehicle before you sell it. This will help keep your ride running smoothly.
There’s nothing wrong with following the rider during his test ride. Motorcycles are a little harder to accompany a potential buyer on a ride, so simply follow them in your car to ensure they aren’t doing anything funny or stupid on your motorcycle.
People’s next most pressing concern about letting potential buyers test-ride their motorcycles during the selling process is often about insurance. Knowing what to expect can help you feel more at ease. Although each state and agency has its own policies, the general guidelines are the same.
You must first make sure that you have enough insurance before you sell your motorcycle. Even if you didn’t have insurance before, get insurance during the selling process.
A common concern is that your motorcycle could be stolen on test rides. Even if you take all the proper safety precautions, there’s no guarantee of what people will do. Even if you originally agreed to allow them to take your bike for a ride, insurance will cover the cost of replacing your motorcycle if it is stolen. Click here for more information about what you should do if your bike is stolen.
Insurance can cover damage to a motorcycle that is being tested by a buyer. This is often a concern for many people. The good news is that insurance will likely cover damages to your motorcycle, even if you weren’t the one riding it (you’ve appointed what’s called a permissive rider).
What happens if another person is riding your bike and causes an accident? Depending on what type of insurance you have Your insurance will cover at most the damages to the person who was injured by your negligence. Some insurance plans can cover both of you.
If your plan doesn’t cover all the damages, the rider will likely be held liable for the difference. The downside is that you will see an increase in your premiums.
What if someone takes your motorcycle on a test ride and decides to take it home? In this case, if you’re able to prove that they were attempting to steal it, you are not held liable for any damages done and the perpetrator will be completely at fault.
What you should do after the sale
Once you have someone come and test ride your motorcycle and make the final sale, there area few additional things you should do so there won’t be any additional problems from the buyer in the future.
Get in touch with your state to find out the requirements for plates on your motorcycle. Most states say that you should take the plates off. so you won’t be held liable for traffic violations the new buyer does. Some states require that plates be kept on the vehicle until it is registered under the owner’s name.
You should get a printed copy of the bill for your records. This will prove that you have sold the motorcycle “as is” on a specific date with the buyer’s signature. You can also take it down to the DMV and show them the bill of sale to remove the motorcycle’s registration from your name.
When the buyer leaves your driveway with the motorcycle they just bought, Get in touch with your insurance agency to cancel your insurance. There’s no reason to paying a penny more in insurance on a vehicle you no longer own and you don’t want the new owner to potentially claim anything on your insurance if they get in an accident on their way home.
What is the best time for a motorcycle to be used? The best months to purchase a motorcycle used are November-February. These months are colder, which means that fewer people will be out on the roads and more people will sell their motorcycles for a fair price. Click here for more information.
Can you sell a bike to a dealer? It is possible to sell your motorcycle to a dealership, just as you can with a car. Although you won’t get the same price as if you were selling it privately it will save you from dealing with potential buyers and waiting for it to sell. You can also avoid posting it online.