Letting a buyer test ride a bike - Victory Forums - Victory Motorcycle Forum
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post #1 of 15 (permalink) Old 05-08-2011, 01:28 PM Thread Starter
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Default Letting a buyer test ride a bike

Greetings all. I've been lurking for some time now waiting for me to make up my mind on what new bike to buy. Obviously since I'm writing on this forum, the Victory is the choice. XC to be exact.

Before I can purchase the new toy, I need to sell my current bike, which is a VSTAR 950. To get the most out of it I'm looking to sell it myself. My question is about letting someone test ride it. They must have a motorcycle endorsement, but what else can I do to protect myself?

Has anyone sold a bike that can give me some pointers?
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post #2 of 15 (permalink) Old 05-08-2011, 01:40 PM
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When selling a bike my rule has always been cash in hand before they ride. Its not a promise to buy the bike but security for you if they wreck it. it's the ole" you break it, you bought it" motto.
I understand its hard to expect someone to make the purchase without a test ride.....I know I would never buy without a test. So, with the risk on you by handing over the keys, ask for something in return. Although I've never done it maybe you can write up a small "contract" stating you will hold the money as insurance until the completion of the test ride. It is NOT a promise to purchase but merely collateral?
Also maybe check with your insurance carrier as you may not be covered for something if they caused harm or damage to persons/property. Just a thought.

Good luck on the sale and congrats on the decision to buy a Vic....you won't be dissapointed.

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post #3 of 15 (permalink) Old 05-08-2011, 01:55 PM Thread Starter
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Thanks. All good points.

I am planning on calling my insurance tomorrow. Writing a contract is a good idea, and holding some funds is a great idea. At least I have some collateral and something in writing.

I have been agonizing over what to buy. I narrowed it down to the Victory XC or HD streetglide based on the functionality and type of riding I want to do. Without ever riding one it all came down to price and the question was... is the HD $3000 better than a XC? $3000 is about the price difference between the 2. The answer, just looking on paper, is NO!
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post #4 of 15 (permalink) Old 05-08-2011, 02:58 PM
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The XC is actually [at least] $3,000 better than the SG. Take a ride on an x-bike and you will know why.

Last edited by sofakingblue; 05-08-2011 at 03:31 PM.
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post #5 of 15 (permalink) Old 05-08-2011, 06:19 PM
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Most state laws require insurance companies to cover anyone you give permission to operate the vehicle and if you have full coverage insurance on the VSTAR the most you would be out is the deductable. That person you turn away because they didn't meet your ride requirements might just well be the person that would have bought it on spot if you would have let them. I also agree with sofakingblue, the XC might be priced $3000 below the SG but is probably $3000 BETTER bike.
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post #6 of 15 (permalink) Old 05-08-2011, 08:31 PM
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Quote:
Originally Posted by 40XC View Post
Most state laws require insurance companies to cover anyone you give permission to operate the vehicle and if you have full coverage insurance on the VSTAR the most you would be out is the deductable. That person you turn away because they didn't meet your ride requirements might just well be the person that would have bought it on spot if you would have let them. I also agree with sofakingblue, the XC might be priced $3000 below the SG but is probably $3000 BETTER bike.
You read his post backwards. He stated that the SG was NOT worth the $3+ needed for the RG. As to comparisons on the two, the OP can look up my "Cross Country vx. Road Glide" comparison thread. I was actually able to get the price of the SG closer to $2K more than the XC but IMHO, the XC was/is still the better bike. My thread covers a multitude of factors so I think it's still a good read for anyone balancing these bikes.

PS - I went with the Ness XC for obvious reasons (once you read my thread).




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post #7 of 15 (permalink) Old 05-09-2011, 05:56 AM
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I recently sold a bike, and my insurance company said that as long as the person taking the test ride had a motorcycle endorsement, and had permission from me I was covered.

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post #8 of 15 (permalink) Old 05-10-2011, 04:47 PM
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Default test ride

Friend of mine let a guy try out his Suzuki GSX b4 buying. He never came back.

Insurance tried to claim that since he gave permission, they didn't have to pay. After a long hassle they finally did.

Best rule: No cash, no ride.
Second rule: Meet at a public place, preferably your bank. Hold the cash inside the bank until he returns. Conduct business inside the bank, where you have a notary and other conveniences. Deposit the money before you leave.

Many people have been ripped off after a sale.

Good luck.
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post #9 of 15 (permalink) Old 05-10-2011, 06:59 PM
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I carry a pistol Whenever someone unknown comes with the intention of cash changing hands. Can never be sure lot of crazies out there maybe I am one of them.
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post #10 of 15 (permalink) Old 05-10-2011, 07:01 PM
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I'm paranoid enough about letting people drive my car!!! I can't imagine letting someone ride my bike...lol...
Even with all the legal stuff covered it would be the emotional "detachment" that would be tough to get past! Lol...
Best of luck, though - I'm sure everything will work out fine.

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