Question about buying an used bike which seller wanted to retain the VRN ?

[magicj]

Hi,

Seller wanted to retain the VRN.   LTA just tells how to retain the VRN,  doesn't tell how to transfer the ownership of bike after retaining VRN.  Looked like it's quite hassle for buyer.  Googled, but still have no idea how it works.

Wondering if anyone could share appropriate experience.

Edited September 12, 2023 by magicj

[adesmond2]

On 9/11/2023 at 6:12 PM, magicj said:

Hi,

Seller wanted to retain the VRN.   LTA just tells how to retain the VRN,  doesn't tell how to transfer the ownership of bike after retaining VRN.  Looked like it's quite hassle for buyer.  Googled, but still have no idea how it works.

Wondering if anyone could share appropriate experience.

after bike number is retain, the old bike will be issued a new VRN a few days.. if the buyer has another VRN.. need to transfer to the seller first to replace the current bike number..

then can transfer the bike from there..

[magicj]

8 hours ago, adesmond2 said:

after bike number is retain, the old bike will be issued a new VRN a few days.. if the buyer has another VRN.. need to transfer to the seller first to replace the current bike number..

then can transfer the bike from there..

adesmond2,

Thanks for your inputs.  More or less understand how it works - it needs an interim bike.

But still not sure for the details.   Could you please see if I understood correctly ?

1.Buyer transfer his own bike B to seller
2.Seller buys a temperary insurance for bike B
3.Seller retains bike A VRN and LTA issues a new VRN C
4.Seller retains bike B VRN and LTA issues a new VRN D
5.Seller registers VRN C with bike B, registers VRN D with bike A
6.Seller informs insurance company for changing of VRN for bike A
7.Seller transfers both of bike A and bike B to buyer
8.Seller cancel temperary insurance for bike B
9.Buyer buy a insurance for bike A
10.Buyer informs insurance company for changing of VRN for his own bike B
11.Buyer gets seller's bike A with a new VRN and a new VRN for his own bike B
12.Buyer buys two new number plates from a bike shop and mount them on these two bikes prior to ride on road

[adesmond2]

13 hours ago, magicj said:

adesmond2,

Thanks for your inputs.  More or less understand how it works - it needs an interim bike.

But still not sure for the details.   Could you please see if I understood correctly ?

1.Buyer transfer his own bike B to seller
2.Seller buys a temperary insurance for bike B
3.Seller retains bike A VRN and LTA issues a new VRN C
4.Seller retains bike B VRN and LTA issues a new VRN D
5.Seller registers VRN C with bike B, registers VRN D with bike A
6.Seller informs insurance company for changing of VRN for bike A
7.Seller transfers both of bike A and bike B to buyer
8.Seller cancel temperary insurance for bike B
9.Buyer buy a insurance for bike A
10.Buyer informs insurance company for changing of VRN for his own bike B
11.Buyer gets seller's bike A with a new VRN and a new VRN for his own bike B
12.Buyer buys two new number plates from a bike shop and mount them on these two bikes prior to ride on road

sounded confusing.. 

why got 2 bikes?

can I assume that the buyer want to buy both your bike number?

example you are selling your bike number and I wanted your bike number and my own bike number, you will be getting my bike as well as retaining your own bike?

 

point 4 is wrong.. - LTA issued VRN C for A bike. so that has to be maintained, you cannot anyhow swap it with other bikes.

point 12 I presume you are referring to buy 2 new motorcycles ya? not another 2 more VRN..

the rest is about there.. but the buyer for the number plate.. going to pay alot of money for retaining the bike number.. (charged) will only refund to him if he purchases 2 new bikes..if he transfer the bike number to a old bike.. then he will only pay more...

[magicj]

8 hours ago, adesmond2 said:

sounded confusing.. 

why got 2 bikes?

adesmond2,

Appreciating your time.

Sorry for the confusion. 

I wanted to buy an used bike,  the owner wanted to sell the bike separately and retain the VRN with himself.

For my understanding,  owner retains the VRN first,  after LTA issues a new VRN to the bike,   bike will be transfered to me with the new VRN,  I will use this new VRN to buy an insurance and a new number plate.  It should be hassle free and straight forward. 

But I was told, it's not like this.  Got confused,  then came here for an answer.