Things to Know Before You Sell Your Bike

If you wish to sell your old bike, you can do so online and offline. We have mentioned the process you will need to follow, and if you do what has been listed above, your bike-selling procedure will go smoothly. However, as we have also stated, be careful about getting your two-wheeler insurance in place, without which the sale cannot go forward. And if you require insurance for your two-wheeler, do not look beyond Tata AIG for your needs!

If you are in a hurry and wish to sell your bike instantly, the question ‘how to sell my bike’ may come to your mind. In this case, here is what you must do.

Getting the bike ready

While preparing your bike, there are several things to bear in mind. First, make sure all your paperwork, including the registration certificate, the PUC, the two-wheeler insurance, etc., is in order. Next, having your bike serviced would be the next step. It won't be sufficient to use high pressure to wash your bike. Finally, make sure to clean every area of your bike meticulously. This will hasten the sale of your vehicle.

Think about how much you want to sell your bike for

Before telling others that you intend to sell your bike, you must first determine its market value for yourself. You can use the internet to research pricing by entering your bike's model, type, and manufacturing year. Alternatively, you may visit a secondhand bike dealer and inquire about the bike's price. In the absence of that, you might visit any mechanic in your area or a service centre you prefer to get a sense of the general cost.

Look for an interested party

The first step in attempting to sell your bike is to find a buyer who can pay the bike's asking price and is also willing to do so. Then, you can either get in touch with a purchaser yourself or use a broker, dealer, or other intermediary services to help you find an interested party. The latter choice is appropriate if you need to sell your bike instantly and have limited time.

To assist you in completing the transaction comfortably and without fuss, the agency or business will take care of the paperwork, the legitimacy of the buyer, and all other procedures. It might be ideal for you to contact a purchaser directly and complete the sale at the greatest price without being required to pay any finder's fee or commission, though, if you have plenty of time, don't mind the inconvenience, and aren't in a rush to make the transaction.

However, you need to keep in mind that a third-party person will be taking a cut out of what you are getting as their fee. If you have time, you can afford to get in touch with a seller on your own and sell your bike without any third-party intervention. If you can do this, you do not need to share your profits with any other person or agency.

Get your papers, including the bike sale agreement, in place

You must arrange all the necessary papers and documents once you have secured a reliable buyer for your bike. A driver's licence with all fees paid, a bike sale agreement detailing all the terms of the transaction and any key determinants that either person might have put forward and a test drive consensus that permits a test drive before the sale—are some examples of the important documentation you need to prepare before the sale. The bike's title—which demonstrates the bike's ownership and is necessary for the authorised ownership change from the original owner to the purchaser of the bike—is another important document to have in place. By doing this, you would be able to safeguard both the bike and yourself as the owner. This will conclude your sales process.

After the emergence of online tools, selling things has become easier. If you are wondering how to sell your bike online, there is not much you need to do. Ensure your bike is well-presented and has quality images if you want to make a good impression when you list it. The photos should be taken from various perspectives so potential purchasers can evaluate the bike fairly from multiple perspectives. To draw in potential buyers, provide crucial information for the purchaser, for example, the bike's age, the brand and model, etc. It is advantageous to state your justification for the sale, the asking price, and if the valuation is flexible. Provide a list of your contact information. Transparency will be achieved by consenting to a trial run before the transaction.

Then, of course, you must prepare the documents and the bike sale agreement; the process remains the same as when selling your bike offline.