As a motorcycle owner, your bike has given you a lot of enjoyment. But for whatever reason, you're researching topics like "how to sell my motorcycle" or " how to sell my Harley on consignment". While we've created posts on most options to sell a motorcycle, we have yet to cover selling a Harley or motorcycle on consignment. Let's take a closer look What Does It Mean to Sell My Bike on Consignment? Very simply, selling your motorcycle on consignment means allowing someone else to sell your bike for you. The party that does the selling is called a consignment company or a consigner. In most instances, you will pay them a fee, which usually is a percentage of the sale. They handle every aspect of the sale for you and conduct the sale on your behalf. Sounds good, right? Well, there are several things to consider before you decide to sell your motorcycle on consignment. Consider This Before You Sell Your Harley or Motorcycle on Consignment As the temperature cools off, the motorcycle market tends to do the same thing — take a chill. However, the desperation of scammers tends to heat up. Why? It's the holiday season and everyone needs a little extra cash, but that doesn't mean it should be at your expense. According to a survey of Certified Fraud Examiners, increased financial pressure is the leading reason fraud jumps by an estimated 20% during the holiday season. Because of this, you should use extra caution when selling your bike on consignment. Use the following tips and best practices when selling your bike on consignment during the holidays or any other time. Get Written Confirmation of Insurance
Before you leave your bike at a dealership or anywhere else, make sure you have written documentation that your Harley is insured while it's being placed for sale. This is critical because if your motorcycle becomes stolen or damaged while in the possession of the consignor, some insurance companies may not insure it. The best solution is to make sure the consignor has it insured. Ask for a Cash Offer Ask the consignor or dealership to make you a cash offer for the motorcycle to determine if they can and will pay you immediately. If the dealership isn't buying motorcycles at the time or doesn't have the cash on hand, you should be wary. Why would you leave your bike with a facility or individual who doesn't have the cash to cover it? Get Confirmation of Responsibility When you sell anything on consignment, it's best for the consignor to take full, legal responsibility for the item. If the dealership doesn't do this, you should be concerned and look for an alternative solution. Consider Unqualified Buyers Leaving your bike at a dealership or in a consignor's possession can lead to a host of problems. One common problem is unqualified buyers are allowed to test drive your bike. In effect, your bike will be used as a "demo" vehicle the dealership relies on upsell to a different model. Watch Out for Unrealistic Claims While you know the value of your motorcycle, it's important to be realistic about what you can expect to receive. If the dealership makes unrealistic or outlandish claims, you should be wary. Does the Consigner or Dealership Have a Solid Record? Before leaving your bike, it's imperative you do your due diligence. Take the time to review the facility on social media and check out their customer reviews and testimonials. This can be extremely telling. You can also check out the facility's track record with the Better Business Bureau for more insight. If anything seems fishy or too good to be true, you should consider other options. Need Christmas or Holiday Cash? Cash 4 Motorcycles Has U covered If you're looking for the best way to sell your motorcycle or sell your Harley this holiday season, the team at Cash 4 Motorcycles can help. While dealerships will only purchase certain models during the winter season and individual buyers will offer you insulting amounts for your bike, we pay top dollar year-round. We pay cash for all makes and models of motorcycles, ATVs, watercraft, powersport, and more. Here's how it works:
Source Url :- https://businessnewsday.com/wait-read-this-before-you-sell-your-bike-on-consignment/
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If you're searching online for “How to sell my motorcycle,” you've arrived at the right place! Cash4Motorcycles is the leading purchaser of motorcycles, snowmobiles, watercraft, dirt bikes, and ATVs. Since we opened our doors in 2005, our goal has been to offer a fast and easy way for people to sell their unwanted Harley bikes and more. And we have been extremely successful at this mission. Today, we work with customers from across the United States who are looking to get top dollar for their well-conditioned bike. One of the most essential ways we simplify the process of selling your bike is by handling the paperwork! Let's take a closer look at a few key documents you should be familiar with when attempting to sell a Harley, Honda, or any other type of motorcycle. The Motorcycle Title Undoubtedly, the most important document in any vehicle sale is the title. Your title is what legally states and proves that you have ownership. Every motorcycle that has a Vehicle Identification Number (VIN) has been issued a title. Your title is instrumental in you getting a license plate for the bike, which is necessary for it to be ridden on public roads. Every title will include certain information, such as:
If you don't have a title or have lost your title, you can run into a host of complications. While every state can vary in its laws, it is illegal in most states to sell a motorcycle without a title. Instead, you will need to go to your local DMV and report the title to your bike has been lost. They will issue you a “Lost or Stolen Title” form that you will need to complete and pay a fee. The application will then be transferred to the Department of Revenue who will confirm the information on the application matches what's in their database. As long as the information matches their records, they will generate and issue you a new title. The Odometer Disclosure
The Truth in Mileage Act requires all sellers of motorcycles and other motor vehicles to provide the buyer with an odometer disclosure at the time of purchase. Depending on where you live, you may be able to provide the mileage of the motorcycle on the title. However, other states require you to provide this information in a totally separate form. Make sure to check with your respective state's DMV for rules and regulations. In either case, your odometer disclosure will generally include the following:
Bill of Sale Is Strongly Suggested While the Bill of Sale isn't necessarily required, it's always a smart idea. This powerful document outlines the conditions and terms of the sale in writing. When selling your motorcycle, make sure your Bill of Sale include the following — at a minimum
Skip the Confusing Paperwork & Contact Cash4Motorcycles to Sell Your Motorcycle We get it: selling your motorcycle can be confusing and filled with pitfalls. And this is the very reason we started Cash4Motorcycles. Not only do we pay top dollar for used motorcycles and bikes, we make the process as easy as 1,2,3. Ready to get started? Reach out to us today for your free quote. Source Url :- https://mynewsfit.com/what-documents-are-required-to-sell-my-motorcycle/ |
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