Selling/buying my first bike | GTAMotorcycle.com

Selling/buying my first bike

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Jaybee43

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Hello seniors and experts! I'm excited to have found and joined this forum. I got my M2 in May of 2018 and bought my first bike a 2015 CBR500R. I'm looking at selling it this spring as I'm looking for more of a sport/touring bike. I came across the Kawasaki Versys either 650 or 1000cc still up in the air depending on price for the bike and insurance. I'm pretty clear on the steps of selling my bike so I wanted to see if anyone could help me on the buying a used bike private. The following are the steps I think need to do.
1. When me and the seller reach an agreement on price we make up a bill of sale with all the particulars.

2. I have 6 days to register the bike and the MOT will charge me the sales tax on our agreed price. At which time I will give to them proof of my new insurance policy and the signed ownership paper from the seller.

3. In order to get it plated I need to get it verified at a participating MTO garage/bike shop.

Am I missing anything else? Would love some feedback! Also are there mechanics or companies that I could pay that could come with me to inspect the bike? I don't want to me stuck with a lemon lol
Thanks in advance and stay safe!
 
Welcome to the forum!
You overall seem to have a pretty good grasp of things.
There are a couple little tidbits I would like to add to your steps:
- where possible, see if you can get the owner to do the safety before the sale, or just have it saftied before going to get your plate and ownership transfer, no one wants to go to Service Ontario twice...
- many people on this site are willing to join an inexperienced eye to inspect a bike, I've not heard of mechanics that offer a specific service like that, but you could probably contact Rosey Toes, he is a nice mechanic that does many things for motorcycles based in TO, but it is busy time for moto mechs.
- always watch and hear a bike start from cold, if the owner preheated/ran it before you got there, just be aware you may have missed some thing(s), and come back and inspect it when it is cold another day or pass.
- versys bikes always look like a hoot, but they also are not much for looks to me, haha

Edit: there's also a sticky or 2 on this forum that illustrates the steps a little better than we have here, I would take a gander at that as well*


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Private Seller needs to get a UVIP. You need to scrutinize or you could end up buying a bike with a lien (Aka buying someone's debt).

Mechanical inspection, not going to happen as anybody who's qualified is busy. Nobody else who's any good at it is gonna risk giving advice either cause it never ends at just the one ask.
 
Thanks for all your replies!! 2 last quick questions. I've been with riders plus for the 3 years I've had my cbr500. Can anyone recommend other companies I may get comparable quotes from? With regards to the kawasaki versys I'm looking at any recommendations on other similar bikes. I'm into the touring/adventure and I'm guessing around the 600-750cc as it will be hard to get insurance on.

Thanks again
 
I would suggest contacting Surnet Insurance brokers. I have been with them for a few years now and have always received excellent rates for excellent coverage. Previously I had been with Riders Plus, TD Meloche Monnex, Jevco, Aviva and Intact.
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A similar bike to the Versys is the Suzuki VStrom 650, for similar dirt/pavement capabilities and similar price range.
 
Good advice here. PM me if you want someone to help inspect a bike pre-sale. I also have a trailer and can help get it home or to the shop.

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I have used Frekeyguy's service in the past. He is pretty good and he can probably haul your motorcycle as well. He charges a small fee for it which I didn't mind paying because he's honest and knows his stuff! I think his FB page was MotomechTO or something like that.
 
Forgot my last question duhhh. When u buy bike (private) how does one get it home with no license plate? Are you allowed to ride it home with no plate? Thanks again for all your help
 
No, you cannot ride it home with no plates legally. You would, either a) get it trailered b) plate it.
A is easiest as it lets you do the rest on your own time.
B requires that you sign the papers (UVIP, Bill of Sale, Safety, Backside of Ownership), get valid insurance (broker will need VIN, will give you policy number), then go to service ontario with all 5 things and enough money to pay for tax, plate, sticker. Then you can ride it home.

A and B is the same, except A you do it after the bike is moved to your place of storage, where B you do it all before it is moved to your place of storage. Yes, B requires that either you or the seller be comfortable with paying and leaving the bike with the seller or seller signs all the paperwork to legally transfer the bike before getting paid.
 
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Aens said:
No, you cannot ride it home with no plates legally. You would, either a) get it trailered b) plate it.
A is easiest as it lets you do the rest on your own time.
B requires that you sign the papers (UVIP, Bill of Sale, Safety, Backside of Ownership), get valid insurance (broker will need VIN, will give you policy number), then go to service ontario with all 5 things and enough money to pay for tax, plate, sticker. Then you can ride it home.

A and B is the same, except A you do it after the bike is moved to your place of storage, where B you do it all before it is moved to your place of storage. Yes, B requires that either you or the seller be comfortable with paying and leaving the bike with the seller or seller signs all the paperwork to legally transfer the bike before getting paid.
Click to expand...
C) insure it and go to ministry. You can register it and get a temp sticker until you safety it.
 
Evoex said:
C) insure it and go to ministry. You can register it and get a temp sticker until you safety it.
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Even without the safety, you still need to transfer ownership to get a plate so that requires the other documents. Again, a degree of trust or effort is required. Most sellers would be selling it out of their own home so this may all be moot. They may be cool holding onto the bike for a few hours/days while you get everything sorted.

Home Depot is renting out vans by the hour and you just need to provide your own 4 straps and a ramp. There's also several motorcycle transporters in the GTA. There's also private individuals who could offer the service.
 
Aens said:
Even without the safety, you still need to transfer ownership to get a plate so that requires the other documents. Again, a degree of trust or effort is required. Most sellers would be selling it out of their own home so this may all be moot. They may be cool holding onto the bike for a few hours/days while you get everything sorted.

Home Depot is renting out vans by the hour and you just need to provide your own 4 straps and a ramp. There's also several motorcycle transporters in the GTA. There's also private individuals who could offer the service.
Click to expand...
Only suggesting a 3rd option to get it home.
 
Aens said:
Even without the safety, you still need to transfer ownership to get a plate so that requires the other documents. Again, a degree of trust or effort is required. Most sellers would be selling it out of their own home so this may all be moot. They may be cool holding onto the bike for a few hours/days while you get everything sorted.

Home Depot is renting out vans by the hour and you just need to provide your own 4 straps and a ramp. There's also several motorcycle transporters in the GTA. There's also private individuals who could offer the service.
Click to expand...
Thanks for the info! The puzzle is slowly coming together lol
 
Jaybee43 said:
Is it best to ask the seller to safety it b4 I buy it?
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It’s one less headache for you and then you know it’s at least somewhat road worthy.

if safety isn’t in the price then I try to negotiate with the seller. I offer $100 deposit to cover the cost of safety and hold the bike for you to complete the deal. Never met someone who had an issue with this.
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