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Does anyone know the wholesale value for a 2009 ninja 250r? Does the MTO go by the wholesale value of the bike or what ever i paid for it. (on a used bike) Also what does the bill of sale include? ---- bike name, price, vin#, year, kms,ans so on?

i'm buying a used bike, and would like to know what i have to go through to register the bike under my name. Would i have to get insurance right away like cars in Ontario or would i have the freedom of waiting out on the insurance after getting the bike