What to do when you sell your motorbike

13 August 2018

We know and totally understand; you’d rather sell your left leg than your motorbike, but if the time really has come to part company with your favourite method of transport and weekend entertainment, there’s a few practicalities you need to think about.

None of them are particularly exciting or enjoyable and, to be honest, each task will simply remind you of the pain of selling your motorbike - but they need to be done if you want to part cleanly with her.

So, it’s time to suck it in, put on your brave face and approach the following in an entirely robot-like manner:

Deal with the V5C

This is the most important piece of documentation you have for your motorbike - particularly when you decide to sell it.

The V5C is used to inform the Driver and Vehicle Licensing Agency (DVLA) that someone else now owns the motorbike, and the process is really simple - providing you follow these steps (we’ve spilt it into two scenarios, because we’re nice like that):

If you’re selling the motorbike privately:

  1. Complete the V5C form’s section 6.
  2. Sign section 8.
  3. Ask the buyer to complete section 8, too.
  4. Hand the completed V5C document’s section 2 to the new owner.
  5. Post what remains of the V5C to the DVLA in Swansea (the address is on the form).

If you’re selling the motorbike to a trader:

  1. Fill out section 3 of the V5C.
  2. Obtain the details of the motor trader (you’ll need their signature, too).
  3. Send the completed section of the V5C to the DVLA in Swansea.
  4. Hand the completed section 2 to the trader.

The process should take around four weeks, after which you will receive notification from the DVLA that they’ve registered the bike in the other person’s (or trader’s) name and that you’re no longer liable for it.

Update your insurance

After the V5C, your insurance is the most important thing to sort out, because if you don’t you’ll end up paying insurance for something you no longer own and, at worst, may be liable for anything that happens to it as a result of the new owner’s carelessness (or bad luck).

For this reason, it’s vital that you update your insurance policy or cancel it as soon as you’ve sold the bike. Some insurers will charge a fee for a change if you’ve bought a new bike, and there might be an early release fee if you’re cancelling. Just ask if you can be refunded some of your unused premiums, and remember to ask for proof of your no claims.

That’s it!

The eagle-eyed among you will note that there’s actually only two steps required after selling your bike; the DVLA notification and insurance change.

It’s simple, painless (ish) and will ensure you can move on and, let’s be honest… buy that next motorbike!

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