07-04-2011, 09:47 AM
Continuing this topic, I was wondering what's the standard procedure in the transfer of bike and cash.
Do most sellers expect $20 bills non-sequential or more realistically, bank draft... certified cheques or would they prefer to come to a bank with you and wire it over directly?
Also, then do you sign some paper to transfer the insurance over or would I have to buy the insurance first? I've never purchased a vehicle from another person before so I'm hazy about the procedure and I don't want to show up empty handed and unprepared!
Do most sellers expect $20 bills non-sequential or more realistically, bank draft... certified cheques or would they prefer to come to a bank with you and wire it over directly?
Also, then do you sign some paper to transfer the insurance over or would I have to buy the insurance first? I've never purchased a vehicle from another person before so I'm hazy about the procedure and I don't want to show up empty handed and unprepared!