Buying a motorcycle online is fun and convenient, but it also comes with an amount of uncertainty, especially in case of financial transactions, such as paying for a high ticket item like a motorcycle.
As a buyer, you want to make sure that you do not miss a good deal and that you are not scammed.
Here are a few useful tips for safeguarding your money when paying for an online motorcycle purchase:
- Consider using an escrow account. The escrow company verifies the buyer and the seller to make sure that both parties are real before any financial transaction takes place. To learn more about online escrow services, please visit Escrow.com.
- Contact your bank. Banks often assist their clients with online purchases. It is always a good idea to contact your own bank and ask if they offer any online purchase services.
- Never use PayPal or Western Union. Majority of online motorcycle sellers who only accept PayPal or Western Union payments are scammers. If you are ever in doubt when buying a motorcycle online via PayPal or Western Union, always contact these two companies directly or contact us at CycleCrunch to get a second opinion. It is better to be safe than sorry.
- Get everything in writing. If you purchase a motorcycle in person and pay cash, make sure to fill out a standard vehicle bill of sale and ask the seller to sign it. Also, always request to see the seller's state issued photo ID and write down his/her ID information. Always meet in a public place and during daylight.
If you have any questions or would like us to e-mail you a copy of a Vehicle Bill of Sale Template, feel free to contact us at 1-800-523-7274.