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Old 05-11-2011, 01:31 PM   #1
MiniG0D
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How To SELL/BUY a bike and NOT get RIPPED OFF

OK so we have tons of threads going around about people getting screwed over buying or selling bikes... Various scams involving not having titles, fake bills of sale, etc.... and being someone who is considering selling his bike it made me wonder... WHAT is the safest way to buy/sell a bike from a private party?

Obviously if a deal is too good to be true it probably is.... so whats the best ways to protect yourself?

Lets see if we can unearth all the schemes/scams going around out there and maybe turn this thread into a sticky eventually... Lets get all aspects covered from junked bikes/salvaged bikes/title scams/to even armed robbery (what if you wen't to go meet some guy with the bike and they just had a gun and stole it at gun point?) Things like that... lets get everyone's tips and pointers in one spot!

Another question that some of y'all in the insurance field can probably answer... If you have full coverage including theft, and you are scammed out of the bike (example: if someone wrote a hot check and took off with the bike) Would insurance cover this as a THEFT?

Please try not to repeat something other people have already stated....
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Last edited by MiniG0D; 05-11-2011 at 01:33 PM.
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Old 05-11-2011, 01:34 PM   #2
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People dont listen to good advice and ignore what their gut tells them. That's how people get .
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Old 05-11-2011, 05:03 PM   #3
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no title no sale.
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Old 05-11-2011, 05:10 PM   #4
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Quote:
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no title no sale.
bingo!!!
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Old 05-11-2011, 06:02 PM   #5
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if you really have to take a personal check (NOT a good idea) the bike doesn't leave the property for a month after the check clears.

don't like it? write a check to cash and bring me some f*cking cash.

oh, and keep the plates.
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Old 05-11-2011, 06:58 PM   #6
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No title, no sale. And your drivers license better match what's on the title, for if it doesn't, no sale.

No checks. Cash in hand or go get a money order if you want to buy something from me. As far as your parking lot scenario, you better hope you're a better shot than I am. I spend enough time at the range to keep my groupings down to 5 inches from the 20 foot mark.
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Old 05-11-2011, 07:18 PM   #7
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No sales to Nigerians over the internet
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Old 05-11-2011, 08:00 PM   #8
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No sales to Nigerians over the internet

Come on man, they're the ONLY ones you can truly trust.
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Old 05-11-2011, 10:11 PM   #9
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Quote:
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oh, and keep the plates.
elaborate on why? I would do it just wondering other peoples reasons and stuff
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Old 05-11-2011, 10:37 PM   #10
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Quote:
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elaborate on why? I would do it just wondering other peoples reasons and stuff
so they will be obligated (term used loosely) to get their own plates under their own name.
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Old 05-12-2011, 04:23 AM   #11
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Quote:
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so they will be obligated (term used loosely) to get their own plates under their own name.
+1 I got blessed with a good seller.. just waiting on the manual as promised.. =P
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you need to tell trey, "stop asking asian riders for BP dummies"...
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Old 05-12-2011, 02:53 PM   #12
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Maybe we can get a few things added to the sticky that's already up about buying/selling

what about if you're buying from someone that still has financing on the bike?? do you give them money and wait for the title to come in or what? do you pay their bank directly? how does it work?
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Old 05-12-2011, 03:00 PM   #13
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Quote:
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Come on man, they're the ONLY ones you can truly trust.
Yeah! Trust to take you for every dollar you have!
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Old 05-12-2011, 03:43 PM   #14
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Quote:
Originally Posted by Versatile337 View Post
what about if you're buying from someone that still has financing on the bike?? do you give them money and wait for the title to come in or what? do you pay their bank directly? how does it work?
Bump, good question, please share your wisdom!
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Old 05-12-2011, 03:48 PM   #15
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If the bike is still being financed you go to the financier's location and you sign the paperwork with them and hand them the cash once its compeleted.
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Old 05-12-2011, 03:52 PM   #16
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Quote:
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If the bike is still being financed you go to the financier's location and you sign the paperwork with them and hand them the cash once its compeleted.


Plus; have the bike checked out by Patrick before money changes hands.
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Old 05-12-2011, 03:56 PM   #17
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Quote:
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No sales to Nigerians over the internet
UNLESS, they mail you a check for 3x the amount of your asking price.
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Old 05-12-2011, 04:06 PM   #18
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Quote:
Originally Posted by Versatile337 View Post
Maybe we can get a few things added to the sticky that's already up about buying/selling

what about if you're buying from someone that still has financing on the bike?? do you give them money and wait for the title to come in or what? do you pay their bank directly? how does it work?
I did this when I sold my bike. Seller met me at my credit union where i had it financed, payed off the loan, they handed me the title, I then handed it to him on exchange of the remainder of money. then we went and loaded the bike up in his truck.

Helped that I worked with him and He was the person i had originally bought the bike from
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Old 05-12-2011, 08:12 PM   #19
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Quote:
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I did this when I sold my bike. Seller met me at my credit union where i had it financed, payed off the loan, they handed me the title, I then handed it to him on exchange of the remainder of money. then we went and loaded the bike up in his truck.

Helped that I worked with him and He was the person i had originally bought the bike from
How would you handle this if the bike is still financed with Yamaha? Do they have a physical location for their finance dept in Houston or San Antonio or could you just handle this at one of the dealers?
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Old 05-12-2011, 08:46 PM   #20
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Quote:
Originally Posted by jbh_2403 View Post
How would you handle this if the bike is still financed with Yamaha? Do they have a physical location for their finance dept in Houston or San Antonio or could you just handle this at one of the dealers?
That's kinda what I was wondering. I bought mine from Mancuso and had Sheffield finance it and I'm pretty sure they don't have a physical location here.
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