How to sell a bike
With over 250,000 users every day, Bike Trader is a great place to sell your bike. But before you get the camera, there are a few things you need to do...
Preparing your bike for sale
Putting a little effort into getting your bike ready for viewing will make selling it easier and help you get the top price.
• Wash and polish it so that it shines like new
Pricing your bike
You’ve probably got an idea how much you want for your bike but be realistic. Use our turbocharged search engine to see what private sellers and the trade are asking for bikes similar to yours
• Mileage, condition, service history and age all affect value
Writing your ad
Your advert is your shop window, so use it well. Make sure you shout about the good points, but don’t stretch the truth – it will waste your time and prospective buyers.
• Take your photos on a sunny day, with an uncluttered background
Dealing with buyers
Be patient and polite. Buyers will want to know all about the bike so make sure you know how many owners it has had, when it was last serviced, and why it has been such a good bike.
• Think carefully before giving a caller ‘first refusal’ because you could be left high and dry
The test ride
You are not obliged to give one, but would you buy a bike without trying it first?
• Check their ID, licence and insurance
Everybody expects to haggle, so be prepared to accept a small reduction in your asking price with good grace. After all, you added a bit extra just so you could knock it off. If they won’t meet your bottom price, tell them that they can’t have it.
Handling the money
Cash is ideal for smaller transactions; a banker’s draft is the thing for larger amounts. Personal or business cheques take at least three working days to clear. Check with your bank that the money is in your account before you hand over the bike. Make sure you confirm with the bank that you can ‘draw funds’ against a cheque as this means the money is in your account.
Your V5C logbook is your bike’s passport. Don’t give it to a buyer, or let a buyer take a copy until the sale is complete. You must fill out the slip at the bottom of the V5C log book and send it off to DVLA at Swansea, informing them of the change of owner. That covers you if the new owner is nicked for speeding or not taxing the bike.
• Give the top part of the V5 to the new owner.
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