Selling bike / part ex / insurance / rant

[eifion]

So today I take my SV to a dealer hoping to part ex it for a Deauville (yeah I know). Predictably get offered 25p and half a bag of cold chips for it, so decide I'm better off selling privately, even if that means dealing with the inevitable tyre kickers and Nigerian princes.

Then I thinks how would that actually work these days?
Sell SV, cancel insurance, buy, insure & tax Deauville. Hmm tis June. Insurance runs out in October. I'll be throwing away nearly another years' no-claims if I do that.

Sell SV, don't tell insurance company till I buy the Deauville? Read on here that very bad things can happen if new owner does kitten murder while bike still insured under your name. No thanks.

Buy new bike, add it to insurance, sell SV take it off insurance. They'll charge me something stupid for each change on the policy. Probably enough that it's almost worth starting a new one policy.

So I could buy new bike, put it on the insurance and take the SV off straight away even though I've not sold it yet, so only 1 admin fee. But due to continuous insurance regs I now have to SORN it as well if it's not insured, which means prospective buyers can't legally test ride it.

So how do you change bikes without being shafted either by the dealer, insurance company or DVLA?

</rant>
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SR125 -> 6 year gap -> SV650 -> Deauville -> NC750X -> Vstrom 650

[waffles]

Have you already bought the other bike?

If yes - call up the insurance company and tell them that you are selling the old bike, see if they will let you have a weeks grace with both bikes on your policy while you sell the spare. Pay the whatever difference there is between old bike and new bike. (I have done this before, don't ask don't get and all that)

If no - put down a deposit on the new bike then sell the old bike, take cash in hand go and buy the new one. Swap insurance over as soon as old bike has been collected and you can go and pick up the new one.
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Theory test - 19/8/09, CBT - 11/10/09, MOD 1 - 16/8/10, MOD 2 - 27/10/10
Past rides Yamaha XT125X, Triumph TT600, Honda XR250
Current rides Suzuki GSXR 600, Honda MSX125

[andyscooter]

Sell sv have insurance transfered onto new bike ready
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gilera runner vxr200 (chavped)
if its spelt wrong its my fat fingers and daft auto correct on my tablet

[Alex A]

If you definitely want the new bike and can afford it whether you sell the SV or not, then put a deposit on it, advertise the SV, and then transfer the insurance the day you sell the SV.

Or, buy the new bike and add it to your policy if it's not especially expensive to do so. Check with your insurer, but in my experience (and I buy/sell bikes more regularly than anyone should), an admin fee is only usually payable for removing a bike if you're due a partial refund of your premium, in which case it's deducted from that sum. In other words, I've never had to pay extra to remove a bike from a multi-bike policy.

[andyscooter]

Not all policy's are multibike

I couldn'tadd the new one in dDecember
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gilera runner vxr200 (chavped)
if its spelt wrong its my fat fingers and daft auto correct on my tablet

[TheArchitect]

I was in exactly the same situation just a month ago. I sold privately and in turn I sacrificed a years ncb win only 6 weeks to go til renewal. After crunching all the numbers and considering the price i got for my bike it made sense for me to do it that way. Plus the fee insurance were going to charge me for pausing and then restarting policy with a new bike meant id actually be losing out. For me it was cleaner and a lot less hassle to just cut all ties with last bike and start fresh with new bike.
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GSXR 600 K6 - Stolen
GSXR 600 K6 - Stolen
MT09 - Almost stolen

[ackack]

I had a similar issue last year. I wanted/needed a 2 week gap and I had already paid in full but would the insurers give me a 2 week break or even add another 2 weeks so I didn't lose my 9 month ncd for that year?
Did they fuck, they screwed me over with a £55 cancellation fee and said I could have £25 off when I took out new insurance with them on the new bike. Insurance companies are just shysters and just want to screw you over at every opportunity.
Cost me £20 last month for them to type a new 6 digit reg number on car insurance for "admin" which works out £3 per key stroke and £2 to email new documents.