How do you protect yourself when selling a motorcycle?

1. Try to take complete payment before signing all transfer documents.
2. Don’t go alone to meet the buyer.
3. Meet at a public place in day time.
4. Take buyer’s ID copy and transfer form copy for your record.
5. Don’t give your bike for test ride alone, sit behind the buyer.

What do I need to do when selling my bike?

Have all the information about your bike readily available. Service records, receipts for any modifications and a HPI check will give the buyer confidence in you and your bike. Research pricing on similar bikes to make sure you advertise the best price.

Is rumble on legit?

Yep, RumbleOn is a company that buys people stuff, then resells it. They are legit, in the sense that it isn’t a scam. They actually will pay you cash money for your bike, and come pick it up.

Will CarMax buy my motorcycle?

Question: Can I Sell My Motorcycle to CarMax? Answer: “Does CarMax buy motorcycles?” The simple answer… CarMax is strictly into the business of buying and selling cars alone. They don’t buy or sell motorcycles.

What to do after you sell your motorcycle?

A person selling a motorcycle in the state of California must notify the DMV office within five calendar days. It is the law. The way to fulfill this mandatory legal requirement is by completing and submitting the Notice of Transfer and Release of Liability (REG 138) form with the DMV office.

How do I write a receipt for selling a motorcycle?

Receipt. Always provide a receipt of purchase, even if it’s just written on a piece of paper. Include the price agreed and the details of the motorbike on the receipt. Also sign, date and end the receipt with ‘Sold as Seen’.

How do you negotiate the price of a used motorcycle from a dealer?

Here are the four rules for negotiating down a motorcycle’s price.

1. Be early. Respond right away.
2. Ask questions that makes the seller feel good and shows interest. This is a question you know they can give an answer to that doesn’t make them look bad.
3. Call on the phone.
4. Lead into the offer gently.

Should you sell your motorcycle to a dealer or private seller?

The downside to selling a motorcycle to a dealer is that they don’t pay you as much as you could get by selling it privately. If you sell it for less than you owe, you’ll need to come up with the difference and pay your bank. The difference will likely be bigger when selling your motorcycle to a dealership.

How to sell a motorcycle with a loan?

The buyer can either pay in cash or with a registered check. Inform the bank that you are selling the motorcycle and are paying off the loan with the money the seller is providing. If there is any money left over after paying off the loan, the bank will either give you cash or a check, or you can simply put the amount in your account there.

Do I need motorcycle insurance to sell my motorcycle?

Even if you didn’t have insurance before, get insurance during the selling process. Getting your motorcycle stolen during test rides while your selling is a common worry. Even if you take all the proper safety precautions, there’s no guarantee of what people will do.

Should you let potential buyers test ride your motorcycles?

The biggest questions people have when selling their motorcycle is if they should let potential buyers test ride their motorcycles. You should absolutely let potential buyers test ride them so they know exactly what they’re getting in to.