Just curious. Is it possible to buy a bike and trailer it to garage then plate and insure next year?
Can you buy and don't get a plate?!
- Thread starter itsme
- Start date
Yes. People leave their track bikes unplated and uninsured the entire time.
Officially, you do have to change the ownership to your name within six days of buying it (MTO has no way of enforcing this, though), but you don't have to plate or insure it if you're not going to be riding it on public roads.
Officially, you do have to change the ownership to your name within six days of buying it (MTO has no way of enforcing this, though), but you don't have to plate or insure it if you're not going to be riding it on public roads.
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Read the insurance stickies on premiums. IIRC, insurance from october to April is something like 10% of the yearly total. Having insurance on it means it is protected from fire/theft, but more importantly it builds insurance history which leads to lower rates. The added side benefit is you can take it out for a rip when the weather is nice.
thanks, already 3 bikes on policy! This could be 4th (maybe not! But you never know)! Just educating myself.
nvm then, continue on (other that the fire & theft coverage as most insurance companies won't give you comp only on a bike, but it's worth investigating since you already have multiple bikes with them, maybe you are the exception).
J_F
Guest
like others have mentioned
you can insure it and plate it anytime when you want start riding it
but I would strongly suggest you transfer ownership to yourself right away OP
up to you if you want it to be fit or not, safety can be done later
leaving it in seller's name is not a good idea
theoretically they could sell it again
or lien it as they are still the legal owner
you can insure it and plate it anytime when you want start riding it
but I would strongly suggest you transfer ownership to yourself right away OP
up to you if you want it to be fit or not, safety can be done later
leaving it in seller's name is not a good idea
theoretically they could sell it again
or lien it as they are still the legal owner
The Ministry doesn't care but the cops do. A buddy was given a used car and he wasn't sure what to do with it so let it sit in his driveway for a few months. For whatever reason he asked the police something about it and got charged under the six day rule.
Exactly what I was telling one of the kids at work that just bought a bike.
May as well get that insurance on record asap.
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