Want to sell off bike currently, got insurance & road tax problem

[Imza86]

Hi guys, so my situation now is I want to sell off my bike ASAP.

 

I still wanna use it now till i find a buyer but my road tax just expired and i cannot renew it unless i renew insurance.

 

But problem is lets say i renew my insurance and then i get a buyer in 2 weeks time, then it will be a waste of $$$ as i paid for 1 year insurance. Then i have to pay new insurance for new bike.

 

Any ideas what i can do ?

 

Thanks

[mechwira]

Hi guys, so my situation now is I want to sell off my bike ASAP.

 

I still wanna use it now till i find a buyer but my road tax just expired and i cannot renew it unless i renew insurance.

 

But problem is lets say i renew my insurance and then i get a buyer in 2 weeks time, then it will be a waste of $$$ as i paid for 1 year insurance. Then i have to pay new insurance for new bike.

 

Any ideas what i can do ?

 

Thanks

 

insurance company will pro-rate refund when you cancel. call them and ask for confirmation of this.

 

road tax of coz no refund, just have to incorporate it into your selling price.

[GuiNNeSS]

Pro-rated insurance, might as well dont renew insurance. The pro rated is not worth it.

 

Just totally lay it off lah.

[Demon]

yes, usually refund is pro rated based on the unused portion of the premium but not on a linear scale ie. if your annual premium in $200, and you cancel policy after 6 months, your refund will be less than $100.

 

Check with your insurer