Selling a bike privately?

[Marmoot]

Good advice here but from a buyers POV i wouldnt buy a bike without at least a 20 min test ride.Carjam the plate of the vehicle they arrive in,drivers license etc

What's the 20 minutes for? Is it to discover potential mechanical faults, or to know whether you like how it rides?

[FROSTY:Me]

Nope. I sold my boat recently and asked for a bank cheque. Chucked the Westpac bank cheque in my Westpac account and was told it would take two days to clear. I asked why there is a delay and was told that the customer could cancel the cheque before it clears into my account. I was told it could be cleared faster - for a fee of course.

It seems to me their system may not be "live" or in "real time" so they impose a delay for the depositing customer to carry their interim risk.

f its a BANK cheque then thats not true.I put about 3 bank cheques a week into my accounts for sums from $2000-$20000 and the funds are always instantly cleared.
Mind you my banking is always done 9-4.30 ---ie when the other bank is open.

[nothingflash]

f its a BANK cheque then thats not true.I put about 3 bank cheques a week into my accounts for sums from $2000-$20000 and the funds are always instantly cleared.
Mind you my banking is always done 9-4.30 ---ie when the other bank is open.

True or not - that was my experience... perhaps it depends on the customers situation and of course who you deal with at the bank in terms of their understanding of the various policies. Having worked for one in the past ten years some time of which was spent in a policy/audit role I'd lean towards the latter.

[SMOKEU]

Carjam the plate of the vehicle they arrive in,drivers license etc

I wouldn't rely on Carjam for that. You'd be surprised at how many people call police saying "My car has been stolen some time over the last 24 hours". Few car thefts get reported immediately after they happen.

[Maha]

When I was selling my Yamaha, a dude came and took it for a test ride, he left his mother here....

[SMOKEU]

he left his mother here....

Was she alright looking?

[mikemike104]

Nope. I sold my boat recently and asked for a bank cheque. Chucked the Westpac bank cheque in my Westpac account and was told it would take two days to clear. I asked why there is a delay and was told that the customer could cancel the cheque before it clears into my account. I was told it could be cleared faster - for a fee of course.

It seems to me their system may not be "live" or in "real time" so they impose a delay for the depositing customer to carry their interim risk.

Working in a financial institution myself, I personally would have no issue with a bank cheque upfront, as what bank wants to be the bank that cancels bank cheques ??

Our policy is to never cancel bank cheques unless they are stale (6 months old) but like anything, its not what you know but who you know that make life easier..

[mikemike104]

wtf is up with the advert in my post....

[Maha]

Was she alright looking?

Dont recall, it was a while ago, they were from Dargaville nuff said...
Anyway, he did take her and the bike away plus paid me $1000 over the reserve price on trademe so it was a win win...

[Mully]

We sold a cage a few years back and the bloke have us cash for it.

This was a Sunday night, so we dropped most of it in an ATM down the road, and kept some cash back.

The credit didn't appear in our account until the following Friday

It took National Bank 5 working days to clear a cash deposit.

[tigertim20]

I'm going to upgrade my ride, and am selling the current horse on trade me. After hearing about so many stolen bikes in recent times I'm feeling a little nervous about letting anyone take it for a spin!

Do you guys take down license numbers or anything like that? or do you just flat out refuse to let anyone go for a ride?

theives are more likely to steal from your shed at night, not during a ride.

when people come to veiw, i let them ask questions etc, and if I get a bad vibe off them, I tell them full cash value for a test ride.

provided they seem genuine etc, I allow a test ride, AFTER having cited ID, and I ask that they leave their vehicle and keys behind while they go.
I have often found a buyer will bring a mate, and the mate stays and has a chat while the test ride is being done.

Do note ID and rego numbers if yoy are wary. do NOT let someone test ride if you get a bad vibe off them

[Sims]

theives are more likely to steal from your shed at night, not during a ride.

when people come to veiw, i let them ask questions etc, and if I get a bad vibe off them, I tell them full cash value for a test ride.

provided they seem genuine etc, I allow a test ride, AFTER having cited ID, and I ask that they leave their vehicle and keys behind while they go.
I have often found a buyer will bring a mate, and the mate stays and has a chat while the test ride is being done.

Do note ID and rego numbers if yoy are wary. do NOT let someone test ride if you get a bad vibe off them

Cheers some good advice there, and in this thread in general.

The reason I am concerned about test rides is a direct result of this forum! I remember reading about someone letting there bike out on a test ride after the thieve handed over the keys and thieves friend waited with them. After a while the friend gapped it, and he was left with a stolen car in his driveway.

I have gone with the no cash no ride stance, and will stick with that to be safe.

[fuknKIWI]

I'm going to upgrade my ride, and am selling the current horse on trade me. After hearing about so many stolen bikes in recent times I'm feeling a little nervous about letting anyone take it for a spin!

Do you guys take down license numbers or anything like that? or do you just flat out refuse to let anyone go for a ride?

100% deposit refundable on successful completion of test ride

[Forest]

Working in a financial institution myself, I personally would have no issue with a bank cheque upfront, as what bank wants to be the bank that cancels bank cheques ??

Our policy is to never cancel bank cheques unless they are stale (6 months old) but like anything, its not what you know but who you know that make life easier..

Banks aren't obliged to honour fraudulent bank cheques.

It isn't unknown for crims to request a bank cheque from a teller before reaching over the counter and running off with the entire book of blank bank cheques.

A bank cheque is no guarantee that you'll get paid. You shouldn't trust a bank cheque unless you also trust the person giving you the bank cheque.

[klyong82]

When I was selling my honda the bloke came over to test ride pop the amount I was asking for in my hands for me to count while he took it for a 10 minute ride.
Came back and told me he wanted the bike .....2 hours later I came home with my new bike

both happy parties for the day