5 Tips on How to Avoid Being Scammed When Selling Your Motorcycle
Motorcyclists choose to sell their bikes for a wide variety of reasons. Some want to come up with the cash to purchase a newer model, while others have simply decided that their bikes are no longer the right means of transportation for their changing lifestyles. No matter why riders choose to sell, they need to find a reputable buyer if they want to avoid being scammed. Read on to find five tips for how to do just that.
Sell to a Reputable Company
By far the easiest way to avoid getting scammed when selling a bike online is to sell to a reputable motorcycle company instead of a private individual. Riders can often get just as much money for their bikes as they would selling on an online marketplace or classifieds site. Those looking for a good option that won’t leave them at risk can go look at cleanharleys.com.
Only Take Cash
Feel like it’s worth the risk to find a private buyer online? That’s fine for buyers willing to take on a little risk, but make sure not to fall prey to scammers. One of the most common scams on online marketplaces involves a buyer who claims he or she will be unable to come to view the item in person but would be happy to pay extra for shipping and make a payment online.
It’s not as easy to spot this scam as some sellers might think. Scammers know how to create fake payment confirmation emails that look just like the real thing. The only safe way to sell anything on an online marketplace is to make arrangements to meet in person in a public space and take a cash payment.
Never Give Out Bank Account Details
Some buyers offer to transfer money directly to sellers’ bank accounts. This is always a huge red flag. It’s never wise to provide financial information online. When dealing with private buyers on third-party classifieds sites, this mistake can be incredibly costly.
Be Wary of Offers that Sound Too Good to Be True
Every seller wants to get a good price for his or her bike, but if an offer sounds too good to be true, the chances are it is. Scammers are constantly coming up with new ways to get money out of hard-working Americans, so even if everything appears to be on the up-and-up, it’s best to be wary of anyone who offers to pay more for the bike than it is worth.
Choose Appropriate Meeting Places
Don’t ever offer to meet a potential buyer at the house. Instead, meet in a crowded public place where there will be plenty of people around if the deal goes south.
Meeting in a mall parking lot or a similar location can be especially helpful when it comes to taking test rides. Most buyers aren’t going to purchase a bike without seeing how it handles, but sellers need to take precautions. Make sure the buyer has an up-to-date motorcycle license and ask for something of equal value to hold onto as collateral.
The Bottom Line
Scammers are everywhere, so sellers need to be careful. Most pose as legitimate buyers on online marketplaces and classifieds sites and use online payment scams to steal sellers’ bikes or even their hard-earned cash. The easiest way to avoid being scammed is always to find a reputable company that specializes in buying and selling used motorcycles.