So you’ve decided to sell one of your bikes, maybe to get some cash to buy another one.
Congratulations. Here are a few steps to take to help ensure the deal goes well.
1. Carefully consider where to show your bike. It may not be a good idea to have strangers visiting your home, since ne’er-do-wells may just be scouting out your stuff. A good alternative is a nearby parking lot, the buyer’s bank or even the police station parking lot.
2. Allow a reasonable inspection. After all, nobody wants to get stuck with a lemon. On the other hand, don’t let a prospective buyer start wrenching away without limits. If you don’t trust their mechanical ability to dig into something, do it yourself or say no.
3. Cash only. It’s too easy to get ripped off if you are given a phony or bad check. If the buyer doesn’t want to bring that much cash, meet the person at his or her bank. Then you can get cash or a cashier’s check.
4. Be very cautious about buyers. Sure, you really want to sell your bike, but that may make you jump at deals that you shouldn’t. Think things over carefully, especially if you are selling online. List your bike online and you’ll almost certainly get a few overseas offers to buy your bike with a foreign cashier’s check. Just say no. The odds are overwhelming that it’s a scam.
5. Cover yourself on paperwork. Even if you hand over the title, write up two bills of sale: one for you, one for the buyer. Include names, the date and time the transaction was completed, along with the driver’s license number of the buyer as well as the VIN, year and model of the motorcycle. Both parties should sign and keep a copy. This gives you a paper trail in the unlikely event that a machine with a mysterious resemblance to yours is used as a getaway vehicle later that evening.