7 Tips to Sell Your Bike
To make your bike-selling procedure smooth, have a look at the below tips-
Find the Right Buyer
This is the first and the most crucial step while selling your bike. Finding the right buyer means the person should be interested in buying the used bike at the same price you wish to sell it at. For this, you can contact directly contact with the interested party or find a dealer available online.
If you are planning to sell your two-wheeler to the dealer, they will find a buyer for you, check the authenticity of the buyer, sort out the paperwork & does all the other formalities to make your sale successful. However, if you make it on your own, ensure that you make the right deal, take the details of the interested buyer correctly, and make the sale at the best price without paying a commission or dealer's fee.
Get Ready with the Required Documents
Once you find a suitable buyer, the next thing you will do is get ready with the documents required. Below is a list of documents, that you must keep handy while selling your vehicle-
- Bike Ownership Certificate (RC)
- PUCC (Pollution Under Control Certificate)
- DL (Driving License)
- Sales agreement
- Other documents (might vary from dealer to dealer)
To get the best deal, you should negotiate the prices with the buyer or the dealer. For a better understanding of the resale value of your bike model, you can refer to the prices online and then set the price accordingly. Even you can contact your friend who has recently sold their bike.
Repair all the Mechanical Issues
To ensure the safety of both the buyer and you, bike repair is one of the crucial steps you shouldn't miss. Always inspect your bike by an authorized professional mechanic.
Tyre alignment, brake fluids & pads, lubrication control cables, chain tension, battery check, etc., must be checked thoroughly. Along with it, clean the air & engine filter and change the engine oil. In simple terms, ensure that your bike is in its best condition and gives maximum output.
Transfer Your Bike Ownership
At last, try to stick to the offer and make sure you have prepared all the bike-related documents in the buyer's name. To transfer the bike ownership, you will need forms 28, 29, and 30 from RTO.
Transfer Your Bike Insurance Policy
If your buyer resides in your state, you will need to transfer the two-wheeler insurance ownership in 14 days, and if the regulating party lives in a different state, then the duration exceeds 45 days.
To transfer your bike insurance to the buyer, submit forms 29 and 30 along with the Registration Certificate of your bike, emission test papers, your passport-size photo, and other mandatory documents to the RTO. The authority will verify all those submitted documents, and if everything goes well, they will transfer the bike insurance ownership to the new bike owner.
You can also read: Bike Ownership Transfer Process
Last Step- Present Your Vehicle in an Excellent Way
Usually, people forget to make their vehicle presentable in front of the buyer. The appearance of your bike helps in determining its condition. When you are selling your bike to the dealer, it is crucial to clean and polish parts, like- spikes, wiring, cables, signal lenses, and all the other things with a clean cloth.
However, if you sell it in an online portal, you must upload HD-quality pictures and videos of the vehicle with a good phone camera. This will help the interested buyer to know the bike's condition from every angle. Do not miss to add your personal details on the online portal so that the potential buyer bike can easily connect with you.
If you want to make your bike sale deal successful, consider the above-discussed points and get the best value for your asset. Also, ensure transferring all liabilities and risks to the new bike owner.
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