Honda Motorcycles Honda Powersports: riding, maintenance, gear, and safety.

Buying and Selling Scams: Seven Steps to a Safer Sale

Thread Tools
 
Search this Thread
 
Old Feb 19, 2004 | 08:29 AM
  #1  
Honky-Tech's Avatar
Thread Starter
 
Joined: Nov 2003
Posts: 218
Likes: 0
From: PennTECH
Default Buying and Selling Scams: Seven Steps to a Safer Sale

Seven Steps to a Safer Sale;

1. Know what you're getting by doing research. Find out about the typical problems of any given model and absolutely check the current value of the bike through services such as "Kelly Blue Book" (wwwkbb.com).

2. Avoid buying long distance. Unless the bike you want is ultra-rare or you can work out a deal with trusted friends to actually look at the bike and talk to the seller, don't bother. There are plenty of risks buying and selling locally, and you're only adding to the misery if you seek to do this long distance.

3. Always be wary of complicated deals. If you are asked to pay a third party, who will then pay something to the buyer, walk away. It's up to those two to work out their deal. You are buying or selling a motorcycle; you are not a bank.

4. Be wary of large down payments to "hold" the merchandise in question. The rule of the used-bike jungle is "first in with the money gets the bike." Beware of bait-and-switch tactics. "oh, that bike just sold, but I have another just like it...."

5. Make use of locals. Chances are good one or more of the user groups for your motocycle will have someone near the bike for sale.

6. Insist on a face-to-face sale. Sure, you'll drive away the occasional legitimate online deal, but you'll likely avoid most of the scammers.

7. Check the Vehicle Identification Number (VIN) on the title against the actual motorcycle. This is often overlooked and occasionally turns out to bite the new buyer. Also, make sure it's a "clean" title, that is, one with no encumbrances, such as a bank or mechanic lien. Make certain the title isn't marked "salvage," because it means the bike was totaled by an insurance company in the past and is now worth a lot less money.

- MOTORCYCLIST Magazine, March 2004 -
Reply
Old Feb 19, 2004 | 08:35 AM
  #2  
BoostedSi's Avatar
Honda-Tech Member
 
Joined: Jul 2001
Posts: 4,104
Likes: 0
From: Marietta, GA, USA
Default Re: Buying and Selling Scams: Seven Steps to a Safer Sale (TTSR34)

nice info. Another thing to put in when buying a used bike. Always *ALWAYS* check the body work to make sure that it hasnt been repaired. Look over it very carefully. I know by experience
Reply
Old Feb 19, 2004 | 08:43 AM
  #3  
EGlovr's Avatar
Honda-Tech Member
20 Year Member
 
Joined: Apr 2002
Posts: 7,624
Likes: 0
From: DMV
Default

Reply
Old Feb 22, 2004 | 02:04 PM
  #4  
Grip's Avatar
Honda-Tech Member
 
Joined: Jan 2004
Posts: 2,778
Likes: 0
Default Re: (EGlovr)

great info for beginners like me
Reply
Old Feb 22, 2004 | 02:54 PM
  #5  
Duster's Avatar
 
Joined: Dec 2003
Posts: 3,079
Likes: 0
From: Vancouver, BC
Default Re: (Grip Driver)

good post, thanks...yeh i like boosted SI's one too, add to make sure to check the frame and handle bars for deep scratches....
Reply
Old Feb 23, 2004 | 08:39 PM
  #6  
tonydatyga's Avatar
 
Joined: Nov 2001
Posts: 3,003
Likes: 1
From: the big brown truck is my daddy
Default Re: Buying and Selling Scams: Seven Steps to a Safer Sale (TTSR34)

For some reason sellers give me this look when I show up w/ my gear and a toolbox
Reply
Old Feb 25, 2004 | 06:46 AM
  #7  
Honky-Tech's Avatar
Thread Starter
 
Joined: Nov 2003
Posts: 218
Likes: 0
From: PennTECH
Default Re: Buying and Selling Scams: Seven Steps to a Safer Sale (tonydatyga)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by tonydatyga &raquo;</TD></TR><TR><TD CLASS="quote">For some reason sellers give me this look when I show up w/ my gear and a toolbox </TD></TR></TABLE>

lol. Yeah, and then right after that they start pointing out the "mysterious" damage/ problems with the bike they've "never" noticed before until now.
Reply
Old Mar 6, 2004 | 01:27 PM
  #8  
Honky-Tech's Avatar
Thread Starter
 
Joined: Nov 2003
Posts: 218
Likes: 0
From: PennTECH
Default Re: Buying and Selling Scams: Seven Steps to a Safer Sale (TTSR34)

Bump


Modified by TTSR34 at 12:37 PM 3/19/2004
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
kloscivicsi
Motorcycles
3
Mar 2, 2011 08:52 AM
tvrsir
Honda Motorcycles
30
Jul 29, 2005 03:49 PM
DeLiRiOu5
Honda Motorcycles
2
Aug 9, 2004 01:40 PM




All times are GMT -8. The time now is 09:55 PM.