Bike sold but buyer doesn't want to change ownership

[Jehuty]

I sold the bike, I told the buyer that if he wants to change ownership later also can. He says ok, a month or two later I told him I want to change ownership cuz I want the insurance money back, buyer then keeps coming up with silly excuses etc. I'm still the owner, I'm worried the buyer will go and rack up traffic offences under my name.

 

Is there anyway for me to get the bike and the insurance money back without the buyer's knowledge, should I report loss for the bike?

[mechwira]

except for parking offenses, traffic offenses will ask you to 'nominate' the offender first. assuming the buyer is legally insured to ride the bike and you have his details, just nominate him and the summons will automatically go to him.

 

but where insurance is concerned, if the insurance is under your name, why cant you just cancel it? if he currently your sub-rider, warn him that you are cancelling the insurance and it should force him to transfer ownership. if you cancel and he gets caught riding without insurance, report him as "riding without permission".

 

assuming he paid you in full, i personally think you're quite covered here.

[shahrul_azmil3]

Sori,

 

Recently i had been called up to tp. My sub rider which is my cousin did something stupit.

 

Tp told me that i'm the "gurentor" so i'm like allowing it to happen. So im reliable for fine plus revoke.

 

Lucky me, after like 3 months of waiting. I got a warning instead.

 

Sent from my GT-P1000 using Tapatalk

[mechwira]

Sori,

 

Recently i had been called up to tp. My sub rider which is my cousin did something stupit.

 

Tp told me that i'm the "gurentor" so i'm like allowing it to happen. So im reliable for fine plus revoke.

 

Lucky me, after like 3 months of waiting. I got a warning instead.

 

Sent from my GT-P1000 using Tapatalk

 

i donno your circumstances, but i assume its something like your cousin allowed an unlicensed fren to operate the bike. in which case i would have insisted to TP that the unlicensed rider was 'riding without owner permission' on top of riding without insurance and license, and the 'legal' cousin would subsequently also be charged with abetting a crime by allowing the fren to ride.

 

i had a fren once who rode his gsx-r6 with a group of biker frens. they stopped to buy drinks and he left the key on bike coz the biker frens were waiting at the bikes. one 'fren' couldn resist the urge, started the gsx-r6 and went round the block.... straight into a TP rider. when my fren walked out of the convenience store, he was shocked to see a TP waiting for him with the 'fren' beside his bike. He was so angry with the 'fren' that he insisted to the TP that he never gave permission for the joy ride, and he didn care if the fren got charged with theft. the 'fren' LL in front of TP admitted the same thing. my fren escaped charges but his 'fren' went follow-up investigations.

 

In TS case, he can cancel insurance and to cover himself further he can just report the bike as missing.

[shahrul_azmil3]

Cut story short.

 

U dont know the person. Better to change ownership asap. Save u lots of trouble n leave burn

 

Sent from my GT-P1000 using Xparent SkyBlue Tapatalk 2

[zhang jin]

Cut story short.

 

U dont know the person. Better to change ownership asap. Save u lots of trouble n leave burn

 

Sent from my GT-P1000 using Xparent SkyBlue Tapatalk 2

even the other party is your sister's husband,also you need to change ownership immediately.because the bike might not know who the MASTER is?

[Pulser]

I sold the bike, I told the buyer that if he wants to change ownership later also can. He says ok, a month or two later I told him I want to change ownership cuz I want the insurance money back, buyer then keeps coming up with silly excuses etc. I'm still the owner, I'm worried the buyer will go and rack up traffic offences under my name.

 

Is there anyway for me to get the bike and the insurance money back without the buyer's knowledge, should I report loss for the bike?

 

What kind of excuses? Actually for name transfer you only need his IC or passport and you will need him to sign of the transfer form, he doesnt have to be present at LTA.

Propose to him that you will take care of everything, he just needs to handover his IC for couple of hours. If he still play play then threaten him bro.

Tell him this is a serious offence to not do name transfer within 7 days of changing hands, so you will take legal steps to keep yourself safe. Sometimes the use of words like "Legal", "Police" etc works wonders haha.

[299]

From my view, the new owner is ridden illegally on your bike since it is still under your name. For insurance wise, you can still proceed to cancel out the remaining insurance.any offences cough out on the new owner u need not to worry cause tp have the sys to check.

Edited September 12, 2012 by 299

[mechwira]

Lesson learnt from hard way. I can tell you need the money urgently without even thinking of changing the bike ownership. There is no such thing in selling off a bike without changing its new owner.

 

on the contrary, i do not think TS is in some 'big' trouble. thats because with the bike ownership under him with money fully paid, he will always hold the 'winning hand'. he can cancel insurance without requiring buyer signature. traffic offences can settle if you properly 'cover' yourself. if all else fails, he can 'pull back' the bike and legally hold on to it coz then its the buyer who has to bring him to court to argue.

 

the people who learn hard lessons are the impatient buyers who pay money to private seller without getting ownership transfer, then the private seller disappear with money and never hand over ownership. these are the ones suck thumb you pay for your impatience.

[duo]

on the contrary, i do not think TS is in some 'big' trouble. thats because with the bike ownership under him with money fully paid, he will always hold the 'winning hand'. he can cancel insurance without requiring buyer signature. traffic offences can settle if you properly 'cover' yourself. if all else fails, he can 'pull back' the bike and legally hold on to it coz then its the buyer who has to bring him to court to argue.

 

the people who learn hard lessons are the impatient buyers who pay money to private seller without getting ownership transfer, then the private seller disappear with money and never hand over ownership. these are the ones suck thumb you pay for your impatience.

True. TS can just cancel insurance and get some cash back. Buyer ride bike and get stopped with no insurance coverage then good luck. To add TS can also can make report of bike stolen.

[Paul Low]

i suggest go to LTA and seek their opinion.

[Orleng]

For who knows what reasons, if the buyer keeps giving implausible excuses to not transfer, I suggest you cover yourself first. You've carried out your due duty by reminding him to transfer, but if he's delaying/unwilling to do so, it's no longer being fair to you.

 

Assuming he's your subrider and covered under your insurance, you could just inform him that you're cancelling the insurance on such-and-such a date and that he'll be riding without coverage after that. If he's not your subrider and has obtained insurance for himself already, can tell him that you're going to report stolen m/cycle if he refuses to transfer still. From what you've described, you've already been reasonable enough to give a large window within which he can transfer. A bit extreme, but he's also taken your generosity to extremes.

[shahrul_azmil3]

End of world coming

 

Bike fully paid for

But

Do not want to transfer ownership asap which cost $11

 

Some of the signs where Armageddon coming. Be prepared.

 

Xp

 

 

 

 

 

 

 

 

Azmil rempit

[Chemol]

I sold the bike, I told the buyer that if he wants to change ownership later also can. He says ok, a month or two later I told him I want to change ownership cuz I want the insurance money back, buyer then keeps coming up with silly excuses etc. I'm still the owner, I'm worried the buyer will go and rack up traffic offences under my name.

 

Is there anyway for me to get the bike and the insurance money back without the buyer's knowledge, should I report loss for the bike?

 

Weird arrangement.

 

The buyer doesn't want to protect himself? Jehuty can easily sell the bike a second time.

[haoKR]

TS just cancel your insurance.

idk why u didnt do that the day u sold your bike..

[Pulser]

TS just cancel your insurance.

idk why u didnt do that the day u sold your bike..

 

May be because he wanted to buy another bike and transfer the prorated 100% to the next bike. If you do cancel and ask for refund, Insurance companies will refund only 80-85% prorated. If you buy insurance for next bike after cancelling current one, you get 100% prorated back. Been there, done that

[BLACK COMET]

Maybe new owner do not have a valid driving license?

[Jehuty]

Then like that ill give an ultimatum, pay the remainder or transfer ownership. If he ignores, can i just tow the bike away and sell it to another person?

[Silent Hunter]

Jehuty. Got black and white to state who is the owner of the bike or not?

If he don't pay up by certain time, then sell off to someone else, keep the deposit.

 

If fully paid, Best option, put the bike on layup and then cancel your insurance. Don't care buyer like it or not. If he go and ride and get caught all the better, no licence LL cannot take over, you get to keep the money and the bike.

 

I also kena one fellow like that before.

 

He offered $2,000 for the bike, and paid $200 deposit, but when I collected the deposit I saw in onemotoring that the road tax was only until Oct, when I posted in the forum, I stated wrongly that the road tax was paid until Dec, sell to people that time say road tax got 3 more months, cannot left 1 month still say 3 months mah. So quietly renew road tax for 6 more months.

 

Just 2 days after I renewed the road tax, he then bargained with me. End up paid me only $1800 and ask me change the spark plugs. CCB! Got another buyer offer $1,900. I turn down because this guy already paid the deposit. Ask for discount after agreeing on the price, I already not very happily already, then he say he want to wait until he pass his 2A before taking over the bike then he pass his TP next month, but he wants the bike to be parked at his place so that he can DIY respray the bike since TP only next month, so bike parked at his place. Both parties sign letter that the bike belongs to him and is fully paid. Gave him 1 key, so he can take off the seat. I kept the other key.

 

Then 1 month later, got a summon, at the carpark, Red letter already. He said he didn't buy season parking, just use cover to cover up. He paid the summon, so I didn't pursue the matter.

 

Another month later, I got another summoned, $100 over for parking at HDB void deck. He said he push it there to spray paint. And said he will pay the summon. Reminded him not to ride, even when just to respray the paint.

 

After 3 months of waiting and his 2nd TP, I ask him to do the ownership transfer, he said his TP didn't go.

Ask him to take over and layup the bike, and remind him not to ride the bike. (then I can cancel my insurance to claim back the remaining 2 months) He die die don't want, some more argue that if the road tax die by the time he clear TP, I cannot claim back the road tax, it's not his business. Super angry!

 

After 4 months, the letter came to ask to go for annual inspection, I ask him if can transfer already, he said his 3rd TP fail. KNN. Du Lan with him already. Told him my insurance finishing next week. I am not going to spend $600 to renew insurance so that he can take his own sweet time to pass TP. Either layup do the transfer of ownership or the deal is off.

 

Then 1 week later he LL go LTA with me pay the $5 to do layup and $30+ for the transfer.

 

CCB. If he do layup and transfer right from the start I could have recovered the road tax I just renewed and claim back 5 months of unused insurance total amounting to around $300.

Edited September 12, 2012 by Silent Hunter

[mechwira]

he hasn paid in full? then i would advise not to transfer ownership until the money has been paid in full. he might disappear after ownership transfer before full payment, leaving you in deep crap.

 

however, even with the bike ownership under you, you can still cancel insurance and force him take out his own insurance. you do not need to be the named owner to take out an insurance to ride the bike. is it he now sub-rider of your insurance? in which case i strongly suggest forcing him to take his own insurance. this is in fact more dangerous than traffic summons. you can properly cover yourself against traffic offences committed by him; but imagine he accident as your sub-rider: the claim is then against your insurance policy, and you can suffer insurance problems even if he was the one legally riding the bike involved in the accident, simply because the policy holder is you.

 

if you keep ownership until he pay in full, but he take out his own insurance policy without your name in it, then all that is left for you to worry is parking summons. parking summons no demerit points, BUT goes strictly to named owner. he play you out and refuse to pay, you will be saddled with the fines with no way out.

 

but once he pays in full, force him to transfer ownership by threatening to report the bike as 'missing'. this police report will absolve you of all offences related to the bike, including parking offences.

[ezzyoiler]

i have been inform by ntuc...taking bike insurance is only effective when the bike is transfered to you.

[Demon]

i have been inform by ntuc...taking bike insurance is only effective when the bike is transfered to you.

 

There are so many riders who are ignorant on this as they believe that once they have insurance in their name, they assume they are covered.

 

I have a friend who has been riding his nephew's bike for 3 years in such circumstances until i told him that he is as good as riding without insurance but fortunately he didnt have any incidents otherwise, the consequence could be grave.

 

And damn the insurer who sold and renew his policiy year after year without asking any question.

[mechwira]

sorry, i dun understand, could you all clarify further.

 

from my understanding, it is entirely possible for a person (such as a parent) to buy a bike and have the ownership registered under his name, whether or not he has a license. subsequently, a non-owner (such as the son) with valid license can buy an insurance policy to ride the bike. i dont mean as 'sub-rider', i mean an insurance policy purely under his name. its just that the initial application requires both people to turn up.

 

you can legally ride a bike as an insured rider if 1)you have an insurance policy under your name to ride the stated bike, or 2) you are named as a sub-rider under the main policy holder. the difference between the two is only how the premium is calculated and who suffers in the event of accident.

 

so if you have an insurance in your name, to ride the stated bike, then yes you're covered and legal. what do you mean that you're not?

[Jehuty]

Ill keep this simple, he is a sub rider to my insurance, he has paid in full but i told him i want my insurance back and transfer ownership.

 

Bugger cant wait so I sold it off to him, I told him can transfer latet but I asked him for a date. He gives me a certain date but now he's been delaying since that date and Im getting pissed. Im worried that if he ride without insurance, I kena. Same goes for traffic offences

 

He got license, he paid full machine price and he topped up e insurance to include him as a sub rider, I gave him since fasting month till now to transfer ownership. I have the documents but ill double check. Bike fully paid for, he's ignoring my messages, serious. I gave him till end of this week, either pay the remainder of my insurance or I kill the insurance.

 

If he pisses me off sommore, Ill find where he lives, tow e bike and scrap it and get my COE money.

Edited September 13, 2012 by Jehuty

[revhappy]

i have been inform by ntuc...taking bike insurance is only effective when the bike is transfered to you.

 

Not true at all, don't give misleading information. Then by your logic only one person can ride a bike at a time, which is not true. If I have a family of 5 I can let all of them ride my bike as long as all take insurance on it.