sell bike to buyer who havent get license

[nudgedoink]

how do i go about selling my bike to a person who is still waiting for tp?? it is possible right?

[906rider]

Just do the regular transfer at LTA and have the new owner come ready with the new insurance. The insurance company will cover him under "non-rider" because he hasnt obtain his license yet and will change that once he reports to the insurance company that he has got his license. No problem whatsoever.

[nudgedoink]

if he gets his own insurance, does he HAVE to have a subrider? cos i did some searches on this topic and some forumers said that the insurance premium will be based on the subrider.

 

is there an alternative to this? can i for example do it this way:

1. layup bike

2. transfer ownership (new owner does not require to have insurnace yet)

 

possible?

[Guest Jay_R1]

Do transfer at LTA and then Lay Up the bike. Once he passed and gets his own insurance then he can cancel the Lay Up and start riding. I've sold my bike this way b4. Lay Up costs about $5..

[nudgedoink]

so must lay up first right? then transfer? cos lta usually need insurance to transfer

[kittosoft]

you can get a insurance as the rider without the lis.... Did that before, they will advise u not to ride before u get ur lis... once u pass can go pick up the bike and ride away...

 

But it is a waste of $$

[nudgedoink]

no no. what i mean is like Jay_R1 say. layup and transfer. but that means the steps are layup first then transfer or can transfer first then layup?

[bebear]

  nudgedoink said:

no no. what i mean is like Jay_R1 say. layup and transfer. but that means the steps are layup first then transfer or can transfer first then layup?

 

Transfer then lay-up.....

[nudgedoink]

oh ok. that means can transfer without insurance. alright thanks. i always thought transfer die die need insurance

[rezz_shaz]

  nudgedoink said:

no no. what i mean is like Jay_R1 say. layup and transfer. but that means the steps are layup first then transfer or can transfer first then layup?

 

both can be done at the same time as its done at the same place....just tell the counter, u want to transfer and then lay-up the bike.

[nudgedoink]

oh. alright. thanks all for clearing this up!

[eRr0r]

  906rider said:

Just do the regular transfer at LTA and have the new owner come ready with the new insurance. The insurance company will cover him under "non-rider" because he hasnt obtain his license yet and will change that once he reports to the insurance company that he has got his license. No problem whatsoever.

 

transfer can be done without insurance. Just simply go down to LTA and tell the staff that you are transfering your bike and follow by a lay up. The staff will give u 2forms to fill up. 1 is for bike transfership and after the bike has been transfered, they will help u lay up the bike. but the cost of laying up is $5.

 

  nudgedoink said:

if he gets his own insurance, does he HAVE to have a subrider? cos i did some searches on this topic and some forumers said that the insurance premium will be based on the subrider.

 

is there an alternative to this? can i for example do it this way:

1. layup bike

2. transfer ownership (new owner does not require to have insurnace yet)

 

possible?

 

insurance premium is not based on the subrider, it is based on the youngest age rider (or rather the higher premium rider, which is most probably be the younger rider). i believe u have been misunderstood by some of the threads as the topics discussed were related to a younger subrider.

 

  Jay_R1 said:

Do transfer at LTA and then Lay Up the bike. Once he passed and gets his own insurance then he can cancel the Lay Up and start riding. I've sold my bike this way b4. Lay Up costs about $5..

 

from what i know, the new owner need not cnacel the lay up. what he need to do is simply send the bike for inspection, buy road tax and insurance and he is good to go. the bike will automatic unlay once the bike is send for inspection.

 

note that inspection is complusory even if the bike just went for inspection just before the lay up is done. LTA will refund the remaining road tax to the new owner and he/she will have to purchase new road tax once the inspection is done.

 

hope this helps

 

cheers

[swiftee]

waiting for tp i think better dont lay up la... just get the non rider insurance

 

lay up for short period is a waste of $

[dragonforce]

there's no need to buy whatever insurance if the rider has got no valid license yet. just lay up the bike. the procedure is very simple and cheap.

cost incurred will be lay up cost, towing to and fro from layup location to bike inspection centre, season parking if its parked at hdb car park, road tax (whatever remaining road tax just before you lay up will be refunded to you).

[dotless]

haha. the ts has already sold his bike but it's good that you guys are still giving inputs for future riders who are in this situation. keep it up!