Things To Keep In Mind When Selling Your Bike

Whenever a person has planned on selling their two-wheeler, there has to be some reason behind it like wanting to buy a new bike by replacing the old one or you do not require the old two-wheeler anymore. You should always be aware of a few things related to selling your bike as it is very important so that you do not face any legal issues in future. We have mentioned few important things that you should remember while selling your two-wheeler.

Important Tips To Keep In Mind While Selling Your Bike

There are few things you should keep in mind while selling you two-wheeler: 

1. Start Looking For A Correct Buyer For Your Bike

First and foremost important thing to do is to start looking for a correct and legit buyer for your two-wheeler. You can sell your bike to a customer who is looking to buy a second-hand two-wheeler or you can sell it to a dealer who deals in buying and selling second-hand bikes. You should always remember to take the full details of the buyer who is buying your two-wheeler as it might be important for future purposes or to avoid frauds.

2. Collect All The Documents Related To Your Bike

All the documents related to your two-wheeler should be intact and ready, once you have decided for sure that you are going to sell it. The following documents required while you are selling your bike to another person includes the certificate of the ownership of the bike, pollution control certificate, driving license of the owner of the bike, agreement of selling your bike to the buyer and your identification card.

3. Always Negotiate To Get The Best Price Possible

Whenever you are selling your two-wheeler, you want the best deal out of it. So, to get the best deal out of it you need to negotiate the best deal you can get from your buyer or a dealer, whomever you are selling the bike to. In order to negotiate the price, you need to be aware of the selling price of a second hand bike, refer to the prices online to understand the market and then set the price according to the market. To understand better about the current market price for selling your second hand bike you can take help from your dealer.

4. Always Get Your Bike Repaired Before Selling

Once you have decided that you want to sell your bike, you should be sure that your bike is not damaged and if it is damaged then does it need to be repaired or not. Before even talking to dealers or customers about selling the bike, you should first get your bike repaired else they might not want to take your bike and it will further stretch the process of selling a bike. You should remember to check a few things in your bike to maintain it which includes the engine of the bike, battery of the bike, drake system and many more things. Always check the condition of your bike before thinking of selling it, so that you can get the best price if presented to the seller.

5. Ownership Of The Bike Should Be Transferred To New Buyer

Ownership of the bike should be transferred to the buyer by handing them over all the documents that are related to the two-wheeler. Documents included in this process are ownership certificate, PUC certificate, NC of bike, RC of bike and many more details related to the bike. If you are confused about what all needs to be transferred, then you can contact your bike insurance company, ask them all the steps and follow those steps in order to transfer the bike ownership to the buyer.

6. Make Your Bike Presentable Before Selling The Bike

Last thing that you should be very careful about is that your bike needs to be presentable and likable for the buyer. If you are selling your bike in offline mode (face-to-face) then it is more important as the buyer is going to see the condition and appearance in person and if you are selling in online mode then it makes it more important as you have to upload pictures of your bike online on the site so that the buyer gets interested in buying your bike because it seems appealing. If you are using online mode, take pictures in good quality and from every angle including the seat, headlight, meter and taillights so that the buyer gets a clear picture and decides whether they want to proceed or not without wasting your or their time.

How to Sell a Bike in India?

Below we have mentioned guide step-by-step that you can follow in order to sell your bike to make the process of selling legal, easy and smooth for the seller and the buyer both:

1. Prepare The Bike For Sale

First things to do when you have planned on selling your bike is to clean your bike and give it for service to ensure it’s in good condition. Enhance its appeal, try finding any minute repairs that need to be done and check tire replacements are required or not. Keep together all the documents related to the bike to transfer it to the buyer which includes owner certificate, PUC certificate, PC certificate and valid insurance papers. Also, try to find your receipt for the regular maintenance that you have done earlier which will give the buyer confidence in you.

2. Determine The Value Of The Bike

If you want to determine the value of your bike you should ask any dealer about it or you can check online platforms like OLX.com, Quikr.com or Bikedekho.com for the exact model if they have it for the similar bike model related to your bike model. When you are filling details about your bike on an online platform, clearly mention all the important details about the bike like the date when you bought the bike, mileage it gives, its condition or any modifications you made in your bike and it definitely impacts the resale value of your bike. 

3. Advertise The Bike For Sale

You can advertise your bike sale on online platforms like OLX.com, Quikr.com,  Bikedekho.com and facebook marketplace. If you decide to sell your bike in online mode using some sites then it is very essential that you post those pictures that are quality pictures and show each and every angle of the bike, so that the buyer doesn’t have any doubt about the bikes. It should look clean, clear and appealing to the buyer. Describe your bike details like date when you bought the bike, mileage it gives, its condition or any modifications you made in your bike in offline mode, you can spread the word to your close family or friends, your local dealers or in your society whatsapp group. 

Documents Required

There are many important documents required for the legal, smooth, easy process of selling your bike and transferring the ownership to the buyer. The documents required are:

1. Registration Certificate (RC): It is the certificate that proves that you are the legal owner of the vehicle.
2. Pollution Under Control (PUC) Certificate: It is a certificate which you issue from the government to prove that your vehicle’s smoke emissions are under the permissible limits.
3. Insurance Papers: This is the paper which proves that you have the insurance of your vehicle from any specific insurance company which will cover any unforeseen circumstances faced by your bike.
4. Form 28, 29, and 30: These are the forms that you have to have to get officially so that you can transfer your vehicle to another buyer and transfer ownership to them.
5. Bike Sale Agreement: This is an agreement which is written by the buyer and the eller in which they mention their terms of agreement for the sale of the bike.
6. ID Proof of Seller and Buyer: You need to have your identification card and the buyers identification card to complete the process and transaction of money.

NOTE: Always remember whatever documents you are handing over to the buyer should be accurate and updated. You should check if the documents are updated or not before beginning the process of selling your bike.

Conclusion:

You need to plan with full attention to each and every detail and carefully ensure the legal and smooth process of selling your bike in India. First things to do when you have planned on selling your bike is to clean your bike and give it for service to ensure it’s in good condition. Keep together all the documents related to the bike to transfer it to the buyer which includes owner certificate, PUC certificate, PC certificate and valid insurance papers. You have to find the right buyer and  take complete details of the person to whom you are selling your vehicle for future purposes and to prevent yourself from fraud. Present your bike in attractive mode whether you can sell it online or in offline mode, maintain it and do service to make an impression.

FAQs

Ques 1: What to look for when selling a bike?

Ans 1: When you are planning to sell your bike, first focus on the condition of the bike, then gather all important documents related to the bike, make negotiation, repair your bike if needed, provide insurance papers to the buyer, get ID proof of the buyer for transaction of money and then transfer the ownership to the buyer.

Ques 2: Do bikes have resale value?

Ans 2: if you buy a cheaper bike then it will lose its worth very quickly and if you sell it, you won't get the original retail value or even near that. That's why it is recommended to buy a branded and high-class bike so that it at least holds a value when you sell it later on.

Ques 3: How can you tell if a bike is good quality?

Ans 3: You can easily tell if a bike is in good condition or not. First start off by closely looking at each and every detail of the bike where you will find the condition of the bike which includes the condition of the saddle, handlebars, headlights, tail light, brake system, engine and the smoke coming out of the bike. Second, sit on the bike and ride it to see if it's comfortable or not as the high-end bikes are very comfortable and fit you well.

Ques 4: How do you describe a bike for sale?

Ans 4: You should describe a bike like Name of the brand of the bike, which model it is, year of the bike, describe a little about the body parts, its color, transmission and engine’s CC.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.