Need Advice Selling Motorbike.

gnaril

Hi all im currently looking to sell my beloved GSXR 600.

Just looking for some advise. I have listed it on for £1800.

The bike has £733 of outstanding finance on it.

Im just a little bit unsure as to when it comes to someone that wants to buy it. Obviously the finance is to be paid before i give over the bike - clearly.

Do i get them to pay it direct to my finance company or do i get the cash/payment from the buyer and them pay them myself and then give bike over? Im just not sure how to approach the situation.

Any advice from anyone that has been in same position with car/bike would be helpful.

davemorton

I sold a car for 12K that had 2K of finance on it still. I just was up front about it, and when he came to pay, we just went to the bank together and he paid the outstanding into the finance companies bank account.

gnaril

thanks for info dave, just wasnt sure how to approach it thats all when the time comes. Doesnt seem to be too much of an issue.
Thanks mate.

ecosse306

I bought a car which had some finance outstanding on it, but I phoned the finance company when I was at the guys house and paid the outstanding balance over the phone, then gave the rest to the seller.

The finance company confirmed there and then that the finance was then clear.

Oh, and slightly off topic, but the GSXR600 is a gorgeous bike! I'd love one!

gnaril

thanks ecosse your right it is a lovely bike. Just in these harsh harsh times its a luxury that i can ill afford:(. i have said i was going to sell it some time ago but once u get on it and go for a ride its a struggle i must say:P

thanks for the info aswell. appreciate it:)

ecosse306

gnaril wrote: »

thanks ecosse your right it is a lovely bike. Just in these harsh harsh times its a luxury that i can ill afford:(. i have said i was going to sell it some time ago but once u get on it and go for a ride its a struggle i must say:P

thanks for the info aswell. appreciate it:)

No probs. Out of interest, where are you from? I've not passed my bike test yet, but figure a 600 is the best place to start

Stolen_Soul

ecosse306 wrote: »

No probs. Out of interest, where are you from? I've not passed my bike test yet, but figure a 600 is the best place to start

Be like passing your driving test and sitting in an Aston.

gnaril

Im up in Scotland mate.

And yes your right 600 is where u want to start going higher i personally think its a bit mad. Insurance being one reason my 600 is not that bad insurance wise, plus its enough power but not insane power.:)