[dataway]

I'm looking to sell a motorcycle that should bring in the area of $6k, probably on FB marketplace. I'm wondering what forms of payment I should consider other than cash ... if any?

These days I know nothing except cash is really totally safe. Bank/Cashiers check from a local bank? But I guess if they have a cashiers check from a local bank I should just ask them to go cash it and bring back the cash.

I usually pay for anything in that price range with cash. Not sure what others are doing these days.

[b-man]

Cash only.

$6,000.00 is chump change, shouldn’t be a big deal for the buyer to bring that amount to complete the transaction.

['ol Pinion head]

Cash is King!

[Trulyvintage]

Is the Buyer showing up in person
to pick up ?

If so, then you can meet at your bank
and have the cash the Buyer brings
checked & counted.

You can also have a bill of sale along with
the title/registration transferred and notarized.

On the bill of sale and on the title/registration
close them out before leaving bank.
Never pass along an open title.
Put the time and date of sale on the bill of sale.


Jim

[65madgoat]

Crypto or western union wire transfer of course.


Ha!

[misterp266]

Money order from the Bank of Nigeria. Fees may apply.



Honestly? CASH! No record, no taxes, no brainer.

[grandam1979]

PayPal or a postal money order or a check just hold item till it clears. Cash is still #1 in my book but have personally used all with great success.

[Stuart]

Many banks will do an electronic transfer, although it may depend on what type of bank accounts you and the buyer have.

[mzbk2l]

Last time I sold one we met at the bank (we had the same bank) and transferred straight from him to me.

[JLBIII]

After looking at and agreeing on a price for the car we went to my bank to have a cashier's check made out to the seller and handed directly to them there in the bank. I was lucky my bank had a branch in that small town and was able to make the 6hr ride home with the car and title in hand.

[Goatracer1]

Cash can also be iffy. Check bills carefully.

[RocktimusPryme]

I would take the crypto. Once it’s in my wallet it’s mine. As long as I see it deposit.

If it’s a local transaction I agree 6k shouldn’t be hard to get.

I’ve bought a couple of cars long distance and used wires both as a buyer and seller.

The last one I sent the guy the title, he sent the money and I still had the car until money went through so we both felt like we had something.

[dataway]

Thanks gentlemen.
Yes I would expect the person (bike not sold yet) to pick it up in person. And I don't imagine it would be a very long distance sale ... probably within a couple hundred miles.

2000 Honda RC51 in case anyone is interested 9,400 miles.

[Stuart]

Motorcycle parked in the living room...I assume you're single?

[dataway]

Nope ... the wife's sport bike is out of the view, but in the same room.

She's a keeper ... by the way she is keeping HER bike, I'm selling mine

PS. I doesn't normally sit right in the middle of the room, they are parked in a corner.

[TAKerry]

And you can tell they are not Brit bikes! Good looking bike, if my back felt better I would be tempted.

I had always thought that a cashiers check was the way to go until they were talking on another forum about scams involving those being forged!

IF I were selling, I would want a cashiers check, cashed at my bank before I handed over any paperwork. Legit buyer would have no problem with that. Of course cash would be preferred and I suppose I am an old curmudgeon but I wouldnt sell an ice pop for anything krypto.

[dataway]

Hehe... Yep, I don't think this bike has leaked a drop of anything in the 23 years I've owned it.

I'm leaning towards "Cash only, adults, no test rides"

This particular bike is enjoying somewhat of a resurgence in interest lately, I want to take advantage of the going price while I can. Absolutely pristine low mileage examples are selling for more than their original MSRP of $11k. Kind of a weird bike, Honda specifically built them to compete with Ducati in the 2000-2002 World Superbike Championship. Which they won two years in a row. Has four all gear drive camshafts (7 gears between crank and cams), FI of course, cylinder block is split horizontally with the cylinder jugs made as a single unit with the top of the crankcase. 1000cc v-twin with about a 10,000 rpm redline.

[Stuart]

It is a pretty cool bike.

I've been known to have motorcycles parked in my living room as well - at various times there were couple different vintage Suzuki sport bikes (an original Katana and a Wes Cooley replica), a Benelli, and a minibike I used to sit on when watching TV.

Speaking of sport bikes you may like this video of Guy Martin riding a new rotary motorcycle, the Crighton CR700W. 220hp, 142nm, 700cc twin rotor, built in the UK. Price is £95,000 and there is a limited production of just 25 bikes planned. Stick around to the end of the video for Guy's comments. https://www.youtube.com/watch?v=SHtz8tlavY0

[66sprint6]

I always do an Interac E-transfer now. Works great. Especially when dealing with people out of country. It’s fast, reliable and safe. Also super cheap. Sometimes it takes about a half hour to go through if it’s over 1000.00.

[dataway]

Stuart, jeez, got goosebumps soon as he wound it up on the track. That's a piece of work. Wonder if he has any plans to race one. Specs are right in line with a modern MotoGP bike ... but at 300cc less.