Didn't know that was an option in this country but yeah if it is I want that.Nah. Have enough money that the option of posting a surety bond and not have to pay insurance at all would be better.
Didn't know that was an option in this country but yeah if it is I want that.Nah. Have enough money that the option of posting a surety bond and not have to pay insurance at all would be better.
You can't call ******** on facts. Read the UVIP...it cautions you in black and white that YOU the owner are responsible for the bike until it's out of your name. If the buyer was to ride away and had a catastrophic accident in which he harmed himself or others or both, you would be drawn into the case.I call ******** on this.
Make two bills of sale. (Or photocopy it). Get the buyer to sign it. As is, where is. That's your backup if they do anything shady.
Its on them to transfer it into their name. I've had parts bikes that I had a signed ownership, but never transferred. If I left it somewhere and it got towed away, the previous owner would have the option of getting it back... technically its still theirs.
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Good tips. Interesting story.You can't call ******** on facts. Read the UVIP...it cautions you in black and white that YOU the owner are responsible for the bike until it's out of your name. If the buyer was to ride away and had a catastrophic accident in which he harmed himself or others or both, you would be drawn into the case.
A lot of curbsiders don't even bother changing ownerships over and will sell to new a owner from who they bought the bike from (you). So a bike in your name is in someone else's garage. It gets stolen. It gets in a wreck where someone is killed. Guess who the police are coming to visit?
I once had a bike stolen. Reported it to the police stolen. A year goes by...I get a call from Peel Police to come to their station. I'm a suspect in a hit and run accident as whoever stole my bike smashed it and ran. I fit the description. I remember looking at the cop like you should go back to highschool Detective Sipowicz. So I stole my own bike that I got no insurance claim on then waited a year to smash it so I could hit and run? F'n idiots. Six months later I get a call "come get what's left of your bike." I said bravo, stellar police work there Sipowicz (NYPD Blue), did you get a gold shield on that police work?
They are only interested in who the bike is registered to. Still call ********?
Lesson learned:
1) Never give out your address to a potential buyer. If they don't show, they will steal your bike in the night or at a later date.
2) A new buyer has seven days by law to get the bike transfered into his or her name...make sure they do this.
3) All cops are uneducated morons and there's actually a video by a lawyer on YouTube titled "Never Speak to Police." Watch it and live it. Dont ever speak to police!
The guy formerly known as Mladin.
Didn't know that was an option in this country but yeah if it is I want that.
Become a Mennonite.Nah. Have enough money that the option of posting a surety bond and not have to pay insurance at all would be better.
You're still going to pay the insurance company, though. Just because you can, doesn't mean you should. My friend floated the concept to us while we were sitting around a pit fire drinking beers. He had the means to do it and had done the the research. The topic of insurance came up and he was pretty much flexing. He still paid an insurance company for all his insurance coverage.
a) You're playing with your money, not the house's. If you roll snake eyes you could lose hundreds of thousands, even with Ontario's Limited Liability insurance model (t-bone a short bus full of kids, you're out large).
ii) Traffic (grunt) cops fall flat on their faces once they go beyond the scope of the usual bread and butter tickets they write. Most of them barely understand the laws they should be required to for the job. Some are completely wrong in their interpretations of them. You still have to retain proof you're insured while driving either physical or digitally. Do you really want to be schooling a cop about the nuances of a bond on the side of the road?
First you make it sound like a great idea, then you make it sound like a bad idea, stop playing with my heart!
Unless you are a municipality. Many self-insure. If the cops crash doing something stupid, no big deal, just raise taxes to rebuild the war chest.There is no free lunch.
... except that"s not really how it works.Unless you are a municipality. Many self-insure. If the cops crash doing something stupid, no big deal, just raise taxes to rebuild the war chest.
Just want to add that dogs are better than cats, so we can keep this derailment going lol
MoT doesn’t seem to care but a friend was given an old car and he took his time going over it before he thought about transferring it. There was something he needed to clarify and went to the police. They answered the question and then gave him a ticket for failing to register in time.Good tips. Interesting story.
I currently have a dr200se in my shed. Sold to me a couple months back. Previous owner (boss of mine) has a copy of a bill of sale. I have a copy for the mto when I register it. I'm in no hurry.
His bill of sale is dated from when it left his possession... signed. I agree with your UVIP explanation, but the bill clearly states when it left his possession... he'd be covered if I was a total moron.
I sold a parts bike vtr1000f with an ownership, sold by the previous owner to me... to the next guy. It was cannibalized pretty good. I wasn't about to pay taxes and transfer a pile of parts.
Depends on the situation, in my opinion. You do as you please.
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If the bike or what’s left of it becomes the interest of the police the registered owner gets the first visit. What happens next is being argued.Good tips. Interesting story.
I currently have a dr200se in my shed. Sold to me a couple months back. Previous owner (boss of mine) has a copy of a bill of sale. I have a copy for the mto when I register it. I'm in no hurry.
His bill of sale is dated from when it left his possession... signed. I agree with your UVIP explanation, but the bill clearly states when it left his possession... he'd be covered if I was a total moron.
I sold a parts bike vtr1000f with an ownership, sold by the previous owner to me... to the next guy. It was cannibalized pretty good. I wasn't about to pay taxes and transfer a pile of parts.
Depends on the situation, in my opinion. You do as you please.
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