Safest way to sell a bike to a stranger?

[Molly]

Hope all goes well.You did well selling a bike worth so much in a private sale.

Actually, could've sold it twice. Had the bike on the drive tonight and a chap in a posh Range Rover stopped. He said he'd seen it on TradeMe but hadn't been well so was unable to pop round (he lives in the next street). Anyway, after a wee chat he gave me his card and said if the buyer lets me down 'or even hiccups' he'll have it. Good to have a backup.

Now, just got to find that nice Speedmaster I've been looking for. Picked up a 1968 Bonnie tonight too - bit of a 'bitsa' project bike - it'll be for the wife.

[marty]

My concern with the bank cheque was simply that I would've needed to know it was real. As it happens he's bringing cash so now I just have to be paranoid that it's not counterfeit...

.

How on earth do you sleep at night?

270 $100 notes - that's not too hard. I once sold a caravan for $18k and took cash for the lot.

[Headbanger]

I walked between banks with 24 grand in my wallet, I turned into Ninja, Checking up the road, roof lines (attack from above was suspected) sticking close to buildings, keep space from people.

Fuckin felt like a tool.

A tool with 24 grand though.....

[marty]

Wasn't a short fat asian guy that bought it was it?

http://www.nzherald.co.nz/nz/news/ar...ectid=10589356

[ynot slow]

If you want to deposit the money and banks are closed,go to a local TAB outlet,open a betting account on the spot,deposit money into it,on Monday do a withdrawel from your account,less any bets taken lol.

Seriously this is a safe way over weekend and totally legal,you can then go with TAB manager to the bank and he can withdraw funds,or take a TAB cheque and present it at bank,they have over $100 million in reserves so won't bounce.You need to show ID at withdrawel time.

[mstriumph]

I sold my old Harley to an M/C member for cash. Didn't argue price, ask to ride it or even hear it run.

Top bloke and even helped me count the cash!

ditto ditto with my Triumph ........ most pleasant transaction ever .. helluva nice guy

[bsasuper]

If the buyer is that keen on a bike purchase, he will bring cash.I had a geezer turn up with a personal cheque even though I said cash, I said no way cash only, he said ok and went straight down to the bank and came back with a bank cheque, I said no, cash only,he said but the money is there, I said fine then go get it, he said ok then, and never came back.I now sell buy purchase and test ride method, they buy the bike with cash, then they take it for a test ride, If they dont like it, ill give the money back, weeds out the tyre kickers.

[Molly]

Transaction went smoothly. He paid cash (all real - ha ha), sorted out his insurance and followed me until he knew where he was heading. Nice bloke as it happens.

I was a bit low for just a moment as he overtook and headed north but what the hell. Hadn't had the bike long enough to get attached. Anyway, I don't think I'd buy another new HD even if I had lottery money. Nice old Knuckle / Panhead or even a tidy Evo Springer again maybe but not a newbie.

[usa-vtwin]

[QUOTE=Molly; Anyway, I don't think I'd buy another new HD even if I had lottery money. Nice old Knuckle / Panhead or even a tidy Evo Springer again maybe but not a newbie.[/QUOTE]

Whys that Molly?

[Molly]

Whys that Molly?

Nothing wrong with a new HD. Don't get me wrong. They're great bikes. I just don't want to make the investment of time necessary to keep a new bike 'new'. In truth, I also find them a bit souless. That said, I fired up my HD this morning and thought how substantial that big sound and rumble really is.

Anyway, my old Guzzi goes out rain or shine, gets a clean when it needs it, and is just enjoyed. That makes more sense to me.

[tate35]

A bank cheque is usually pretty safe, as the person goes to the bank and tells the bank the amount the chq needs to be written out for and it is my understanding that a 'bank' cheque can not be stopped or canceled unlike a 'personal' cheque. But to be on the safe side as it is $26,000 after all - go to the bank with him

[Markw336]

i would just take cash but apart from that you could have a cop come around if you were scared (or just carry an uzi haha)

[vgcspares]

Look Molly, I do know where you have come from and what you are used to.

This is New Zealand. Everyone is honest and trust worthy.

Give the guy the bike and ask him to pay for it or return after he's had a good go.

It'll be fine.

I've been scanning the thread for a response from Yellow Dog to the reply that took his post seriously and can't find one ... no surprises there then but was looking forward to it nonetheless

[HenryDorsetCase]

A bank cheque is usually pretty safe, as the person goes to the bank and tells the bank the amount the chq needs to be written out for and it is my understanding that a 'bank' cheque can not be stopped or canceled unlike a 'personal' cheque. But to be on the safe side as it is $26,000 after all - go to the bank with him

there is Court of Appeal authority that supports the proposition that a Bank cheque is equivalent to cash money.

Another way to do this is to get them to get their bank to transfer the funds to your account, and for the bank (not them) to verify to you that the money is real money, cleared and will not be reversed. Usually they will fax or email you.

Most of our property purchases now are settled using an electronic equivalent of the bank cheque called Same Day Cleared Payment. basically we instruct our bank to chuck money at an account, the money is sucked out of our account, and put thru the Reserve Bank in real time, and plopped into the recipient account: their branch then sends the person receiving a fax confirmation that yes they have the money. It can't be reversed either.


But I'd still like the folding money.

[BiK3RChiK]

I've done an on-line transaction in front of the person I was buying goods from and they've been happy enough with that. From memory, it was a sizeable sum too. The transaction was done on their computer too, but I'm not sure I'd do that again. I'd take my own laptop and plug it in to avoid spyware or keylogger thieving scum. The bank can increase the amount of on-line transaction you can transfer, if you ask them.