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Old 01-23-2008, 03:03 PM   #1
Tri
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Advice Needed

I'm currently in the process of selling my bike. What advice would you guys give to protect myself?

some advice i've already got
1. Don't hand the title over until the check clears
2. Ask for a cashiers/bank check
3. Get everything in writing, with signatures + witnesses


thanks in advance
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Old 01-23-2008, 03:04 PM   #2
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Cash only.
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Old 01-23-2008, 03:05 PM   #3
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no test rides unless they give you a CASH deposit, thats the value of the bike

i would meet them at the bank of their choice and go in w/ them to get the money order. no checks.

form 1030U from austin also
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Old 01-23-2008, 03:07 PM   #4
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Quote:
Originally Posted by RACER X View Post
no test rides unless they give you a CASH deposit, thats the value of the bike

i would meet them at the bank of their choice and go in w/ them to get the money order. no checks.

form 1030U from austin also
+1

go with them to the bank to get the cashier's check made. dont accept any payment besides cash unless you KNOW the money is there, and the money won't go anywhere.

and again....NO TEST RIDES WITHOUT CASH PAYMENT IN HAND.
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Old 01-23-2008, 03:29 PM   #5
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don't forget to mail in a portion of the title with the buyers signature to the DMV - this way you will release any further liability regarding this vehicle.
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Old 01-23-2008, 03:35 PM   #6
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Dont let people meet you at your house to look at it. It will give would be theives a chance to check everything out before they steel it.
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Old 01-23-2008, 04:22 PM   #7
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1. Meet them elsewhere to look at the bike, but most buyer of used bikes want the bike to be cold when they look at it. They are going to want to make sure the bike starts right up, a warm bike starts faster than a cold one, so if you are talking to a buyer who is knowledgeable, it might be hard to not meet anywhere but the house.
2. If you can't go with the person to the bank, then only accept money orders from the U.S. Post Office. USPS does not acept checks or any other form of payment but cold hard cash before issuing the money order.
3. Tell them about Motohouston, so we all can rip on the guy who bought your bike and rip on him because he got ripped off... I kid, I kid...
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Old 01-23-2008, 04:37 PM   #8
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thanks for the advice.
hopefully everything works out fine.
he's already looked at the bike and decided
just waiting on the $$ situation now

hopefully sometime in the very near future i'll be debt free and can purchase a new 600
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Old 01-23-2008, 04:49 PM   #9
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i would take ONLY cash. there are too many forged checks and money orders. Cash is not to difficult to get if u are honest.
I would give someone a 30 minute free ride if they FIRST give u the cash. If they bring the bike back within 30 minutes of buying it in same condition.
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Old 01-23-2008, 05:36 PM   #10
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even the cash you can buy a marker to check it make sure its not counterfit and mark each bill
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Old 01-23-2008, 07:47 PM   #11
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