|12-15-2012, 09:33 AM||#1|
Joined: Apr 2010
Location: Northern Sierras
Long distance bike sale
So I recently put one of my bikes up for sale here in the FM and I have received several emails about it. A couple have included discussion of deposits, shipping, etc.
I have sold a few bikes face to face and that is my strong preference as the buyer can ensure they are happy with the bike, we can both sign a bill of sale, cash in hand and off you go.
I am unfamiliar with the exact mechanics of how guys are selling / shipping bikes with no direct contact. Do you insist on all cash in hand first? That would seem to imply a lot of trust by the buyer. How do you get a bill of sale signed by both parties?
Someone please walk me through how you would do this. Or should I just insist on dealing directly with the buyer face to face?
2010 BMW F800GS, 2011 Yamaha WR250R, 2011 Honda Ruckus, 2013 KTM 500 EXC
Up the WABDR, F800GS Stealth Bike Build, WR250R Scotts Damper Install
Red dirt, rocks and sand; Riding the southern UTBDR, WR250R vs EXC 500 - a comparison
|12-15-2012, 12:18 PM||#2|
rides a motorcycle
Joined: Mar 2012
Location: Trans-national vagrant
For me, any major (vehicle title transfer) transaction would have to be face-to-face, by way of either cash or a means of payment that involved some kind of guarantee of payment for the seller and some kind of recourse for the buyer should something go bad. Internet sales are a happy hunting ground for scammers. That said, I've had very good luck with the flea market here for purchases smaller than a bike.
abnslr screwed with this post 12-15-2012 at 12:19 PM Reason: crappy spelling
|12-15-2012, 09:46 PM||#3|
Joined: Jan 2005
Location: The Badlands (of NJ)
I paid for the car into the escrow, eBay notified the seller - the seller shipped me the vehicle with the papers. I received the car, checked it out, notified eBay to release payment to seller.
That was a few years ago - research what is available now. eBay's escrow service was open to all transactions, not only on the site.
Another car I purchased was from a dealer in Michigan. I sent him a check, he sent me the car by shipper and papers by certified mail. It was about $15k as I recall, but I figured that a purchase from a business is safer than from a private person. In that case, I had someone living in the area drive up to see if the place was legit and if the car looked OK.
I also sold a car to an unseen outfit in FL. Same deal, the guy talked to me on the phone, sent me a certified check, I sent him the papers. The shipper's truck showed up a few days later.
I am not sure if this helps you... Still: you have the upper hand in a sale. Once you get the payment (insist on a bank cashier's check, no one is going to send you cash), you are done - it is the buyer who has to worry.
By the way, though nominally the buyer and seller have to sign the title, in reality you can sign it and then forward to the buyer. Once you have the money in hand, you do not worry about your copy of the bill of sale. This, of course depends on the state law, but around here (I dealt with NJ, NY, PA, MA, VA, GA and MI) it sufficed that the seller signed the title and gave the document to the buyer.
I do agree that a distance transaction does not result in a nice warm-and-fuzzy feeling, but sometimes it is just too far for a buyer to travel. As for myself, my last bike purchased locally was about 15 years ago. Since then, I have gone to pick up and tow purchased bikes as far as about 8 hours drive time each way (and have flown to pick-up-and-ride at about 2 driving day's distance) - but some would consider that extreme.
Nevertheless, as I wrote, you are in a better position in a distance transaction. All you have to do is assure that the payment is for real. No Nigerian over-payment deals, please. If paid by cashier's check, call the issuing bank to confirm that it is real.
It is the buyer who has to worry that you will deliver the goods. If he is willing to take the risk, it's obviously worth to him.
Hope this helps. Robert.
Robert in Northern NJ __ '09 R12GS, '03 R1150RT, '01 F650GS
-->> James Bay & North Road Solo Blitz -->> Patagonia / Tierra del Fuego Cappuccino Tour
-->> Trans-Labrador Highway Solo Blitz --->> South African Cappuccino Tour
rdwalker screwed with this post 12-16-2012 at 08:45 AM
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