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You bin it, You buy it!!

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dannymassive
Brolly Dolly



Joined: 28 May 2011
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PostPosted: 10:54 - 20 Nov 2013    Post subject: You bin it, You buy it!! Reply with quote

You may have or may not have seen that my trusty CB is up for sale in the for sale section with a link to a certain auction website listing.

I've had lots of contact about the bike and have a prospective buyer coming to view this afternoon. Now, my problem is that the gentleman is coming a long distance to view the bike and has said that he wouldn't buy without having a test ride prior to doing a deal. Normally, I would be thinking along the lines of "If you want to test ride, go to a dealer" but he seems genuine enough and upon discussion has agreed to leave the full asking price as a deposit whilst he is on a test ride. The reason for me agreeing to this is that the buyer says that he has test ridden a late model CB at a dealer which rode perfectly but was out of his budget and he has ridden an early naked CB which he said handled awful - so before commiting he wants to make sure that mine is not a sack of spuds. Fair enough?

Now, is there a template document somewhere like those you sign at a dealer before you test ride that basically states "You bin it, you buy it". I'm not clued up on selling bikes, and don't want to end up with having the bike returned wrecked and having to give him his money back.

Before Paddy comes along with some obscure document hosted somewhere :

https://i1208.photobucket.com/albums/cc378/dannymassive/youbinityoubuyit_zps971e3d21.jpg

Isn't not quite what I'm looking for!
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Previous Ride's - '01 Aprilia SR125 (Sold) '08 HONDA CBF600n (Sold) '96 CB500 (Sold) '01 FZS 1000 (Sold) '06 CB1300SA (Sold) '07 CB600F Hornet (Sold) - '93 Suzuki Savage LS400 (Sold) '98 Honda VTR1000 Firestorm (Sold) '05 CB600F Hornet (Sold) '01 FZS1000 Fazer (Sold) 2016 Harley Davidson Street Bob SE (Sold) '02 Kawasaki ZX9R (Sold) '98 CB600F Hornet (Sold) '04 Suzuki Bandit 1200s (Sold) '13 Yamaha FZ1-N
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 10:57 - 20 Nov 2013    Post subject: Reply with quote

Take his vehicle keys and licence.

Refuse to give back if he bins it. Alternatively, go pillion with him.

People test ride my bikes usually with the cash in hand, but given the amount of fucks I give, if they don't have the cash and want a bank transfer set up, they can go rag it for a bit.
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Marmalade
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PostPosted: 10:59 - 20 Nov 2013    Post subject: Reply with quote

He hands you the asking price, in cash.

He rides it.
If he bins it or runs off with it you have no loss.
If he is looking to steal it or just taking the piss then he won't have the cash.

You can get around letting him ride it by asking to see his insurance for it which he won't have
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Aff
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PostPosted: 11:03 - 20 Nov 2013    Post subject: Reply with quote

What the others have said really.

If you are actually that worried just use one of the many Vehicle Bill Of Sales templates on Google and add something like this:

TEST RIDE CONDITIONS: If Buyer returns vehicle to Seller within 1 hour of purchase, in its original condition (save for additional mileage), Seller will fully refund the sale price and Seller will retain ownership of the vehicle.
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Raffles
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PostPosted: 11:14 - 20 Nov 2013    Post subject: Reply with quote

Marmalade wrote:
You can get around letting him ride it by asking to see his insurance for it which he won't have

He may have a policy that allows him to ride other peoples' bikes. If he simply leaves a deposit with you whilst he test rides it, I reckon that he should be covered. Trouble is, you still own the bike and if he bins it, he may demand his deposit back.
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Last edited by Raffles on 11:15 - 20 Nov 2013; edited 1 time in total
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chris-red
Have you considered a TDM?



Joined: 21 Sep 2005
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PostPosted: 11:14 - 20 Nov 2013    Post subject: Reply with quote

Cash in hand then let him ride away, he has all but bought it then, if he brings it back with and issue haggle or give him his cash back. Simple.
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Marmalade
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PostPosted: 11:18 - 20 Nov 2013    Post subject: Reply with quote

Raffles wrote:
Marmalade wrote:
You can get around letting him ride it by asking to see his insurance for it which he won't have

He may have a policy that allows him to ride other peoples' bikes. If he simply leaves a deposit with you whilst he test rides it, I reckon that he should be covered. Trouble is, you still own the bike and if he bins it, he may demand his deposit back.


The bike must have a policy in force on it for someone to use their 'ride other bikes' cover
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Nobby the Bastard: How yo tell the difference between the actual japanese and her just screaming because she's had live fish stuck up her arse? [url=https://www.nicks-shop.co.uk/bcf-goodies-15-c.aspGet BCF stickers and things here[/url] Reflective helmet stickers - Legal requirement in france - Clicky
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P.
Red Rocket



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PostPosted: 11:19 - 20 Nov 2013    Post subject: Reply with quote

Not true Wink Depends on wording on certificate Thumbs Up
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Raffles
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PostPosted: 11:22 - 20 Nov 2013    Post subject: Reply with quote

Marmalade wrote:
The bike must have a policy in force on it for someone to use their 'ride other bikes' cover

I would assume that the OP has the bike insured.
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map
Mr Calendar



Joined: 14 Jun 2004
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PostPosted: 11:22 - 20 Nov 2013    Post subject: Reply with quote

Raffles wrote:
Marmalade wrote:
You can get around letting him ride it by asking to see his insurance for it which he won't have
He may have a policy that allows him to ride other peoples' bikes. If he simply leaves a deposit with you whilst he test rides it, I reckon that he should be covered. Trouble is, you still own the bike and if he bins it, he may demand his deposit back.
Marmalade wrote:
The bike must have a policy in force on it for someone to use their 'ride other bikes' cover

It depends on the other's (the buyer's) policy. Most do not allow if bike not insured. Some (and they are getting rare) do allow riding any other bike. Mine allows any other bike even if bike not insured but bike must be at least 20 years old (because it's a funny multi-bike classic bike policy).

So you really need to read the small print on buyer's policy just to be sure.

Raffles wrote:
Marmalade wrote:
The bike must have a policy in force on it for someone to use their 'ride other bikes' cover
I would assume that the OP has the bike insured.

...but you might be buying a bike that's has SORN! Maybe not in this case, but could happen.
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dannymassive
Brolly Dolly



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PostPosted: 11:39 - 20 Nov 2013    Post subject: Reply with quote

Raffles wrote:
Marmalade wrote:
The bike must have a policy in force on it for someone to use their 'ride other bikes' cover

I would assume that the OP has the bike insured.


Indeed, It's insured alright!

So the general consensus is that it is ok for him to ride, providing I have the cash in between my fingers before he sets off.

Job jobbed Thumbs Up
____________________
Previous Ride's - '01 Aprilia SR125 (Sold) '08 HONDA CBF600n (Sold) '96 CB500 (Sold) '01 FZS 1000 (Sold) '06 CB1300SA (Sold) '07 CB600F Hornet (Sold) - '93 Suzuki Savage LS400 (Sold) '98 Honda VTR1000 Firestorm (Sold) '05 CB600F Hornet (Sold) '01 FZS1000 Fazer (Sold) 2016 Harley Davidson Street Bob SE (Sold) '02 Kawasaki ZX9R (Sold) '98 CB600F Hornet (Sold) '04 Suzuki Bandit 1200s (Sold) '13 Yamaha FZ1-N
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Bezzer
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PostPosted: 11:43 - 20 Nov 2013    Post subject: Reply with quote

Depends on how the certificate is worded, mine just says "The policyholder may also ride a motorcycle not owned by him and not hired/leased to him as long as the policyholder has the owners permission to ride it"

That covers you if stopped and you have to produce, mine hasn't got any exclusions/ extras such as having to be insured by the owner etc listed in the schedule as some do or used to do.
There's some stated case where wording such as mine covers you as it couldn't be plainer, putting more conditions in the schedule as some did is a no-no it they should be on the certificate to start with.
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nathan k
Spanner Monkey



Joined: 28 Mar 2012
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PostPosted: 12:11 - 20 Nov 2013    Post subject: Reply with quote

I binned it, and bought it.

You have to be the worlds biggest nob to not buy it after, and if they're that sort of person, you'll tell before they even ride the thing.

Maybe I think too good in the world, but I don't think they're many people with the lack of common decency to leave you with a hefty repair bill.

Who am I kidding...Everyone's out to get you these days Sad
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devojunior
Brolly Dolly



Joined: 12 Sep 2010
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PostPosted: 12:14 - 20 Nov 2013    Post subject: Reply with quote

just let him ride the bloody thing jesus whats chance of him crashing it .wats worst can happen he drops it and pays for bar ends and a foot peg
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 12:16 - 20 Nov 2013    Post subject: Reply with quote

devojunior wrote:
just let him ride the bloody thing jesus whats chance of him crashing it .wats worst can happen he drops it and pays for bar ends and a foot peg


Then the frame inspection, and your time to fix, and the bars...

Drop it, buy it. End of.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 13:12 - 20 Nov 2013    Post subject: Reply with quote

Other-bikes insurance is indeed entirely dependent on the wording on his certificate, possibly qualified by his policy. You'd need to read them both to be sure, and even then if he gets stopped you might both get stitched up in the short term by lying/misinformed/idiotic phone monkeys. See Pryor vs CC of GMP, for example, and someone on here was told very sniffily by their broker that their "other bikes" cover was meant for emergencies, not test rides. Tut Tut

Also bear in mind the small but non zero possibility that he'll go and thrash the nuts off of it in the wrong place, and that a NIP will land on your mat two weeks later.

I should note that none of this has stopped me throwing keys to chaps with honest faces, once with no money in hand. As Paddy says, you can make things really complicated if you give too many fucks. Selling a bike isn't hard if you just extend a little trust both ways.
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-Monty-
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PostPosted: 13:14 - 20 Nov 2013    Post subject: Reply with quote

devojunior wrote:
just let him ride the bloody thing jesus whats chance of him crashing it .wats worst can happen he drops it and pays for bar ends and a foot peg


[sarcasm]Completely agree. I see absolutely no problem what so ever with letting a complete stranger ride off with your bike. In fact I wouldn't even bother with a deposit, he's bound to come back anyway. Human beings are the most honest of life forms after all.[/sarcasm]

As others have said, I would want the full asking price AND something in writing that he has signed. And even then I would be wary. In fact, I would ask for his car/bike keys as well. If he's happy to do all that then he's probably serious about buying it. (I would let him know that this is what you expect BEFORE he comes down though to avoid a hissy-fit).

It does make me wonder about his test ride at the dealers though, he must have known he couldn't afford the dealers bike before he test rode it...
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dannymassive
Brolly Dolly



Joined: 28 May 2011
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PostPosted: 14:00 - 20 Nov 2013    Post subject: Reply with quote

Well guys, he's been and gone.

Luckily he was one of the most genuine gentlemen I've met & an honest buyer. He left the full asking price in cash and went for a short ride - was shorter than I anticipated, must have only been 10 - 15 mins. Anyway, once he arrived back at my home, he shook my hand, and done the deal.

Had a coffee and some lunch at mine then left me with a deposit and left for home. Coming back at weekend to collect it.

Job's a good 'un.

Thanks for your advice guys.
____________________
Previous Ride's - '01 Aprilia SR125 (Sold) '08 HONDA CBF600n (Sold) '96 CB500 (Sold) '01 FZS 1000 (Sold) '06 CB1300SA (Sold) '07 CB600F Hornet (Sold) - '93 Suzuki Savage LS400 (Sold) '98 Honda VTR1000 Firestorm (Sold) '05 CB600F Hornet (Sold) '01 FZS1000 Fazer (Sold) 2016 Harley Davidson Street Bob SE (Sold) '02 Kawasaki ZX9R (Sold) '98 CB600F Hornet (Sold) '04 Suzuki Bandit 1200s (Sold) '13 Yamaha FZ1-N
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P.
Red Rocket



Joined: 14 Feb 2008
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PostPosted: 14:01 - 20 Nov 2013    Post subject: Reply with quote

Check under the seat for drugs.
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Rogerborg
nimbA



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PostPosted: 14:02 - 20 Nov 2013    Post subject: Reply with quote

monteme0 wrote:
As others have said, I would want the full asking price AND something in writing that he has signed. And even then I would be wary. In fact, I would ask for his car/bike keys as well.

How many vehicles have you successfully sold using this strategy?
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
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ocatoro
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PostPosted: 14:40 - 20 Nov 2013    Post subject: Reply with quote

monteme0 wrote:

It does make me wonder about his test ride at the dealers though, he must have known he couldn't afford the dealers bike before he test rode it...


would riding a minter at a dealer, risk free.. not be a good way to judge what you're looking for when you go out looking for a cheaper one?


as others have said. leave full cash or fuck off. I've left full asking price in cash, in my wallet containing my bank cards and license, etc.. with a guy before now. soon as I got back, he gave me my wallet back. I gave him £50 below the asking price to pay for a new front tyre.

if he's genuine, he'll not have a problem. if he bins the bike, "what cash?" it's yours until his insurance pays out for your bike.
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P.
Red Rocket



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PostPosted: 14:41 - 20 Nov 2013    Post subject: Reply with quote

lol, insurance, pay out for 3rd party only damage, naaaah
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Rogerborg
nimbA



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PostPosted: 15:17 - 20 Nov 2013    Post subject: Reply with quote

Paddy. wrote:
lol, insurance, pay out for 3rd party only damage, naaaah

Hang on though. Thinking about it...

If you binned my bike (and you probably would Razz ) wouldn't you be liable for the damage? I think you would.

And if you are, why wouldn't your insurance indemnify you against that liability, if it covers your use of that vehicle?

On the plain wording of the RTA requirements, it actually looks like it should.

Crikey, could the same apply if you stacked any vehicle that you didn't own? Thinking

Before anyone goes "U WOT M8?", bear in mind that insurers do have to indemnify liability to passengers and pillions (which is why they don't want us taking them). Why not the vehicle owner as well?

arry?
____________________
Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike
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P.
Red Rocket



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PostPosted: 15:25 - 20 Nov 2013    Post subject: Reply with quote

Rogerborg wrote:
If you binned my bike (and you probably would Razz ) wouldn't you be liable for the damage? I think you would.


Tut Tut

Mr Borg, I expected better of you, I'd definitely not bin your bike...


best place for it though Whistle
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-Monty-
World Chat Champion



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PostPosted: 18:40 - 20 Nov 2013    Post subject: Reply with quote

Rogerborg wrote:
How many vehicles have you successfully sold using this strategy?


Precisely zero as I have never tried to sell a vehicle so far (discounting the push bike I sold on Gumtree). I was merely stating what I would do if it were me selling that bike.

If it was a cheaper bike then maybe all the precautions would not be necessary but I'm assuming OP was selling the CB1300 in his sig, which I would assume is going to be worth £3k+; I just wouldn't be comfortable letting a stranger ride off with that much.

ocatoro wrote:
would riding a minter at a dealer, risk free.. not be a good way to judge what you're looking for when you go out looking for a cheaper one?


Yes it would, but I was just thinking if he's ok with wasting the dealers time then he might be ok wasting OP's time too. Although according to OP's latest post he was very nice anyway so thats that sorted.
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