If you want your motorcycle safe, you should keep reading this article.
Illustration by Doug Fraser
Avoid being the seller who gets their motorcycle stolen or damaged with a 10-minute buyback contract.
One solution to this is to meet in a public place where the deal and transaction will be made. A bank is a good location, because any financial issues can also be attended to, and there are usually notaries available to sign any papers. Include as part of the sales deal a contract that says the seller will agree to buy back the motorcycle during first 10 minutes after the sale if the buyer is dissatisfied with it (and hasn’t crashed it). You need to settle on how it’s insured, and the buyer may want to bring a friend who makes sure the seller doesn’t disappear the moment the buyer turns the corner on the bike, or have a third party hold the papers and the money.
The contract can be longer or shorter, but 10 minutes should be ample time for the buyer to be sure the bike’s basically sound.