selling bike to buyer wif no licence yet...

[mus_19]

hi any1 noe the procedure for the above?buyer paying full cash..thanks!

[xyoshiki]

hi any1 noe the procedure for the above?buyer paying full cash..thanks!

 

same procedure but don't need to do insurance as he/she does not have licence. if the buyer rides his/her bike without licence and insurance.......gd luck to him/her.

[kurarensu]

procedures??

 

take the $, take the new owner IC. go down LTA and transfer.. it's owner choice to laid up bike(means no nid buy insurance).. or owner buy non-riding insurance..

 

if wana transfer w/o insurance MUST laid up.. if not new owner get insurance first.. then transfer..

[lthongs]

hmm lay up the bike first... then put canvas put pad/disk lock.. lock key u keep bike key the buyer keep settle liao lor.. if scare then write agreement photostap each other i/c..

[mus_19]

hmmm good info...the buyer said he called the insurance company but they said no such thing as non riding insurance...then he called bikeshop and they said have....????will check it out myself...at the mean time...i think i shld advice buyer to transfer first and then lay up....

[xaOFirE]

but owner must be 21 and above? or 18 and above?

[DaN zI]

if i not wrong no nid 18? got $$ can le . but cfm cannot ride la

[xaOFirE]

but licence use who wan sia?? no need licence meh?

[flareon1982]

Mus. u selling ut bike already? What bike u changing to?

[DeusExMachina]

Selling him a bicycle?

[Mr. Grey]

procedures??

 

take the $, take the new owner IC. go down LTA and transfer.. it's owner choice to laid up bike(means no nid buy insurance).. or owner buy non-riding insurance..

 

if wana transfer w/o insurance MUST laid up.. if not new owner get insurance first.. then transfer..

 

I didn't really understand this cause it was too broken up. So the person who wants to buy the bike gives the money to the seller. Then the seller borrows the IC and goes to LTA, and what's the transfer procedure here?

 

And a laid-up bike is one w/o insurance? What do you do for a lay-up?

[Yatz86]

lay up is kindda a term use for the bike who is registered to a owner but the owner cant use that particular vehicle to ride around. If wanna ride, just apply for insurance and unlay the bike

[rhema83]

Both seller and buyer go to LTA. Buyer pays seller. Transfer ownership first then apply for lay up. Can be done at the same visit with the same queue number. Once ownership is transferred, it's none of the seller's business what the buyer does with his bike.

[dragonforce]

lta answered my question.

 

another question: how much is a non rider's insurance?

[KeraKing]

what does lta say?

[dragonforce]

the lta hotline is not accurate at all.. told me say need insurance when lay up, actual fact is NO NEED.