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Old 01-07-2011, 11:22 AM   #1
makushr1
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Selling my Bike

Alright, so my bike just sold on ebay and I've never sold a vehicle before, so I'm looking for a little guidance. The guy who bought it live in TN, and I live here in H town. Once I receive the money (via paypal) and it clears the back (3-4 days), he's going to send a truck to pick it up. What all do I need to send to him? Do I simply mail him the title, or do I need to do more than that? DMV?

Thanks for your help.
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Old 01-07-2011, 11:47 AM   #2
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Here is the most cautious you can be.....

Paypal can reverse transactions well after you think they are a done deal, found this our first hand. Make sure that the funds are in your BANK, and call Paypal to be sure the transaction cannot be reversed for any reason, period.

Call the buyer when the transporter arrives and confirm with the buyer that the transport company is the approved company. The buyer will then not be able to dispute that you shipped the bike with his consent. Get signed paperwork from the driver.

Keep the title with you, give the transporter a couple of copies as well as copies of the bill of sale.

Send the title after it all has cleared and the bike is gone, via certified mail so you have proof it was received by the buyer.

Print up the ebay auction info, the buyer info, the paypal transfer of funds, and a copy of your signed title and bill of sale. This protects you if he does something illegal on a bike that the government still considers your legal property (until he registers it...it is considered yours unless you show proof otherwise). My grandma had the FBI show up at her house when her van was confiscated at the Mexican border in the 80's with a big bag of weed in it.

Am I missing anything?
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Old 01-07-2011, 12:44 PM   #3
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Quote:
Originally Posted by Mr.P View Post
Here is the most cautious you can be.....

Paypal can reverse transactions well after you think they are a done deal, found this our first hand. Make sure that the funds are in your BANK, and call Paypal to be sure the transaction cannot be reversed for any reason, period.

Call the buyer when the transporter arrives and confirm with the buyer that the transport company is the approved company. The buyer will then not be able to dispute that you shipped the bike with his consent. Get signed paperwork from the driver.

Keep the title with you, give the transporter a couple of copies as well as copies of the bill of sale.

Send the title after it all has cleared and the bike is gone, via certified mail so you have proof it was received by the buyer.

Print up the ebay auction info, the buyer info, the paypal transfer of funds, and a copy of your signed title and bill of sale. This protects you if he does something illegal on a bike that the government still considers your legal property (until he registers it...it is considered yours unless you show proof otherwise). My grandma had the FBI show up at her house when her van was confiscated at the Mexican border in the 80's with a big bag of weed in it.

Am I missing anything?
+4000
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Old 01-07-2011, 02:11 PM   #4
makushr1
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Excellent, thanks for the tips.

I knew that about paypal, and told the guy to send the money this weekend. It takes 3-4 business days to clear the bank, so once it does, I'll transfer it to my account and he can send the truck to pick it up on friday. I'll be taking pictures of the bike going on the truck, as well as getting documents.

Good idea on the title, thanks.
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Old 01-07-2011, 02:41 PM   #5
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Quote:
Originally Posted by Mr.P View Post
Print up the ebay auction info, the buyer info, the paypal transfer of funds, and a copy of your signed title and bill of sale. This protects you if he does something illegal on a bike that the government still considers your legal property (until he registers it...it is considered yours unless you show proof otherwise). My grandma had the FBI show up at her house when her van was confiscated at the Mexican border in the 80's with a big bag of weed in it.

Am I missing anything?
The only thing I see is stopping by the DPS and filling out a form that you no longer have the vehicle. They have one. This will protect OP if the vehicle is never licensed and some crime is committed.
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Old 01-07-2011, 02:46 PM   #6
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Why not just have him send a cashier's check? It will save you money, it's safer, and quicker if he sends it overnight
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Old 01-07-2011, 05:35 PM   #7
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Quote:
Originally Posted by DvlRacer View Post
Why not just have him send a cashier's check? It will save you money, it's safer, and quicker if he sends it overnight
Yeah dont do paypal. Paypal will never guarantee the money cannot be pulled back. Even if it is deposited in your bank account and spent, Paypal can still charge you back the cash if the owner claims fraudulent use of his account or failure to be shipping, or received differently than advertised. They always protect the buyer better than the seller.
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Old 01-07-2011, 06:05 PM   #8
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ya, but as a buyer on ebay, i would never go for it unless the transaction was through paypal/ebay for that very reason stated above. Thats the one thing ebay has going for it. If ebay didn't protect the buyer, they'd be out of business years ago.

Not flaming by any means, just saying how i would percieve it if a seller off ebay tried to go outside the "comfort zone" by switching payment methods. It'll will probably look pretty fishy, and you might lose the sale altogether.
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Old 01-07-2011, 06:38 PM   #9
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keep your plates and inspection sticker, he will have to get it registered to ride
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Old 01-07-2011, 07:15 PM   #10
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Search Texas title transfer notification form.
That is the one to protect you from what Mr. P is talking about.
This must be done within 30 days of sale.
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Old 02-07-2011, 02:14 PM   #11
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Quote:
Originally Posted by DvlRacer View Post
Why not just have him send a cashier's check? It will save you money, it's safer, and quicker if he sends it overnight
+1.
But more specific, tell him to mail a USPS Cashiers Check. USPS Cashiers check will not allow the buyer to purchase it without the actual funds being in front of them. No worries about a cashiers check coming from a corner store or him faking a Western Union check, etc.
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Old 02-23-2011, 01:17 PM   #12
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paypal can kiss my . I hate how you "HAVE" to pay with paypal now if you're using ebay.

I shipped an item to a seller once with tracking number. He dispute it because it took longer to get there; he's in canada. Paypal just told me "the tracking say it arrived, who do i know that he actually received it?" WTF... luckily I only lost 20 bucks.

in your case, I would document everything. have the driver sign it and call the buyer to confirm.
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Old 02-23-2011, 02:13 PM   #13
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Quote:
Originally Posted by DvlRacer View Post
Why not just have him send a cashier's check? It will save you money, it's safer, and quicker if he sends it overnight


VERY good advice.

You can take a deposit on PayPal (like $250 or something) but the rest should be cashier's check or some other form of REAL money. Paypal is NOT real money. Also NEVER, NEVER, NEVER link your Paypal account to a bank account. If you insist then set up a SEPARATE account at a SEPARATE bank for these transactions.

P's post summed up the other things.
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Old 02-23-2011, 02:38 PM   #14
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Old 02-26-2011, 02:16 PM   #15
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Quote:
Originally Posted by dinosaur View Post
keep your plates and inspection sticker, he will have to get it registered to ride

if the transporting company refuses to give you a recipt or shipping bill of lading tell him to take the bike right the fukk back off the truck if he refuses call a cop
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