People eventually feel the need to update their motorcycles or buy cars in favor of their older models, which they must sell. Some people may have sold their bike because they intended to move to a new location where they might not need one. Whatever your motivation, you are currently selling your used motorcycles. To help you with the process, here are a few pointers.
- Making sure your bike is ready
There are a few things to consider when preparing your bike. Check that all of your paperwork is in order, including the pollution certificate, registration certificate, 2 wheeler insurance, and so on. The next step would be to get your bike cleaned. It will not suffice to just apply high pressure to wash your automobile. Make sure to thoroughly clean every part of your vehicle. This will speed up the selling of your bike. You should have your bike serviced if you want to sell it quickly and easily.
- Choosing the right price for your bike
Before alerting people that you intend to sell your bike, you must first determine its worth. For reference, you may look up the pricing of two-wheelers of the same make and model, as well as the year of manufacturing, on the internet. Alternatively, you might go to a dealer who sells used motorcycles and inquire about the pricing of the bike. If it doesn’t work, you may go to any trusted service shop or garage in your area to get an estimate of the approximate cost.
- An insurance policy can be transferred
The two-insurance wheeler’s coverage must be transferred to the buyer. Your insurance will become void when you sell your used motorcycles. After a quick online name change, the new owner of the bike would be responsible for paying any claims made. If you want to transfer your two-wheeler insurance coverage, you must follow these steps
- After transferring ownership of the bike, you must apply for the transfer of insurance within around 15 days.
- It is necessary to provide copies of the original documents for the insurance policy, ownership transfer date, bike registration book, bike specs, insurance premium, etc.
- The person purchasing your bike must provide either their driver’s license, Aadhaar number, or PAN in order for the insurance to be transferred.
- The third-party liability coverage must be submitted along with the supplementary documentation.
You will have a fully stress-free bike and bike insurance transfer if you adhere to the above recommendations.
To operate your two-wheeler with ease, you must follow all of the aforementioned steps. In the event of an accident, you can be responsible for paying for repairs and damages if you don’t transfer your bike insurance because the policy is still in your name. Therefore, remember that you must transfer your two-wheeler insurance together with the used motorcycles.