Can I Sell My Motorcycle Back To The Dealer – Stuart Dunlop, Content Manager working with LegalZoom. In his spare time, he likes to play football and read Stephen King novels.
Selling your motorcycle is certainly a time of sadness and joy. It’s sad because you’re finally letting go of one of your most valuable possessions. And I’m glad that now you have the chance to get rid of the old bike and then maybe upgrade to a better bike in the near future.
Can I Sell My Motorcycle Back To The Dealer
Whichever way you lean, the bottom line depends not only on the condition and price of the motorcycle, but also on how the entire sales process is handled.
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Fortunately, selling a motorcycle is not difficult at all. It is a very simple process. But if you don’t enforce the law properly, it can go away.
You can, for example, be a fraud and lose a motorcycle without paying anything. According to the statistics of the General Directorate of National Insurance Crimes, more than 40,000 new motorcycle thefts occur annually. And worse, the corresponding recovery rate is alarmingly low. Only about 39% of them are eventually found and recovered.
This is just the tip of the iceberg. Following the legal process not only protects you from such risks, but also helps you sell faster because the buyer knows you are a legitimate seller.
You may want to skip the difficult sales process and trade your motorcycle to an experienced dealer instead. Not a bad idea, but when you think about it, such a deal may not result in the highest possible sale price.
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To get the most out of your motorcycle, you need to sell it yourself. And for this you need several legal documents.
To begin with, the motorcycle needs a name. When it comes to vehicles in the United States, titles are the single most important proof of ownership. Without these, you cannot transfer ownership of the motorcycle to its buyer. And that, of course, means giving up on the whole deal.
The second important document is the bill of sale. You can think of it as a sales contract because it contains all the details of the purchase. Specifically, it defines all the parties involved as well as the accompanying ownership conditions. You can easily get it from this online form.
However, you may want to accept an initial deposit payment before finalizing the sale of the motorcycle. This is a clever way to get the buyer to pre-sell. And to make it official, you need what we call a motorcycle sales contract.
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Another thing that may come up is a request for a test drive. Of course, you’d rather leave it out of sales negotiations. No one likes a bunch of strangers riding their precious motorcycles. But if potential buyers need to be convinced of the bike’s condition, a test ride is inevitable.
So you may want to include a motorcycle test rider agreement in your paperwork as well. It should protect you if something goes wrong during the test session.
In addition to vehicle registration, each state has a DMV (Department of Motor Vehicles). For example, in Florida, motorcycles and other vehicles are registered by the Florida Department of Highway Safety and Motor Vehicles (FLHSMV).
Consider getting a vehicle background check from your state’s DMV. You just need the title number and corresponding VIN and the system will automatically generate your motorcycle registration information.
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Only then should you be able to track information about the previous owners of the motorcycle, any outstanding liens on the bike, as well as your personal information. Scan the entire document for possible errors before saving it for review by potential buyers.
However, if it turns out that there are errors in the document, you can still raise the issue with the DMV and get it resolved as quickly as possible.
The test ride contract is only one aspect of the motorcycle test ride. In order for the entire exercise to be considered legitimate, you must first check the creditworthiness of your potential buyer.
Do they have a motorcycle license or approval? Are they wearing the proper DOT approved motorcycle helmet? Does it come with the correct protective equipment?
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In short, make sure that anyone trying to test drive your motorcycle is experienced enough and follows the standard motorcycle safety laws in your state. Remember that if a potential buyer is stopped by the police during a test ride and does not have the proper license, your motorcycle may be impounded and towed.
If all the documents are ready and there is a mutual agreement on the price, you can proceed with the final sale of the motorcycle.
Don’t make the mistake of rushing through the process. Perform the operation carefully, as you check all available details. Be honest with your potential buyer, especially if that person has never owned a motorcycle before. Share important motorcycle maintenance information, talk about hidden after-sales costs that a new buyer might not expect.
When it comes to payment, for example, before transferring ownership of a motorcycle, determine whether it is in genuine used condition. Money orders and cashier’s checks are one of the safest non-cash payment models you can use, but this payment method still needs to be approved by the bank before you hand over your bike to its new owner. Otherwise, you can settle for PayPal or the safest bank transfer.
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When signing the relevant sales documents, be sure to keep a copy of each for future reference. Many states require you to fill out a vehicle liability form and submit it to your department of motor vehicles. This step is very important because if you do not have proof that the motorcycle was transferred to a new owner, you may still be liable for citations, fines, or accidents that occur.
When you’re done, you’ll need to return the license plate to the DMV. They in turn give you a receipt which you have to keep for a long time.
If you need to transport your motorcycle to a new location, you can consider motorcycle transport services. You won’t have to think about the best way to deliver or gift your motorcycle, the company will save you that headache and all you have to do is focus on a smooth and smooth sales process.
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And you need to get rid of your old bike. Either you’re over it, or you’re a new parent, or you’re in financial trouble, or any other reason. While selling a car in and of itself isn’t difficult, there are some tips and steps that are sure to get overlooked because it’s not something you do very often. Here is a step-by-step review of my actual experience selling the 2016 Kawasaki Ninja 650 ABS pictured above. I hope this helps make your job easier when the time comes.
Even if you don’t need it now, I recommend “favorite” it as a bookmark for future reference. If you have a motorcycle, it will eventually come in handy and you won’t remember where you saw it.
Now, let me also note that this guide is written as a comprehensive, quasi-definitive guide for capable motorcyclists looking to sell their bike for maximum profit (hopefully to finance their next bike). This assumes the bike is in decent condition, fairly well maintained, and you’re willing and able to put some effort into making your bike as attractive (read desirable/expensive) as possible. The goal here is to justify an above-average price within a reasonable time frame, not a quick sale for a low price.
Also, this guide may be updated over time with new information. See here for the latest version.
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Car sales are similar in all states, but each state has its own characteristics. This guide is written from Florida’s perspective. If you live in another state, be sure to check the specifics for your location.
All information in this article is subjective and limited opinion of the author. The accuracy or timeliness of the information contained herein is not guaranteed and should always be verified.
Disclaimer: I am not a lawyer and have no legal training. This is not legal advice, it’s just a random, free article on the internet and you should treat it as such. No claim is made as to the legality or enforceability of any of these documents. I’m just posting what I used in case others want to use it as inspiration for their own articles. I strongly recommend that you rewrite or edit all documents to address and address your specific concerns and needs. If an unwise person decides to use these documents
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