selling a motorcycle

[frugalman]

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I am first time seller.
But I am wondering what is proper way, sequence of events.

1. How do I accept a certified cheque? (should I?)
2. How do I/when do I cancel my insurance?
3. I am required to deliver the bike, when do I deliver it? (What do I have to make sure to do first?)

 

[viperman99]

1. As long as the certified cheque is legitimate you're ok. You might want to ask the buyer to have the certified check done at the bank with you there. I would go with cash for peace of mine.
2 & 3. Call the broker or insurance company ahead of time to let them know you will be selling your bike and to have your policy cancelled at a specified time or after x:xx time when the transaction has been completed.

I am first time seller.
But I am wondering what is proper way, sequence of events.

1. How do I accept a certified cheque? (should I?)
2. How do I/when do I cancel my insurance?
3. I am required to deliver the bike, when do I deliver it? (What do I have to make sure to do first?)

 

[KarGo]

1. sure, but cash is easier
2. Call insurance and tell them you sold the bike.
3. No, you don't have to. Past sales- I charged $100 for delivery.

 

[Eddie06]

I would go with the guys above me. Cash is better just be careful. Its always good to have a friend with you when your making a transaction just to be on the safe side. Best of luck.

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