Selling a motorcycle privately

[CMountz]

Just got off the phone with my bank and they won't release the title for 1 -2 weeks after payoff. They will give me a lien release at the time of payoff though.

So if I am sellling privately what can I do if someone wants to come up from out of town (Charlottesville) and buy the bike? He is going to trailor it home. Can I send them home with a bill of sale and a lien release? Can he get temp tags from VA to ride until the title comes back? I will of course cancel insurance immediately and sign over the title once the bank mails it to me and mail it to him ASAP.

Help! I need some guidence.

thanks
chuck

[Chutney Daftcraft]

First off, you'd be a fool to cancel the insurance. Keep it for at least 7 days after you sell it. I usually keep mine for 30 days. The last thing you want is someone wrecking a vehicle that is still technically titled to you and you not have coverage on it. That's a whole shade of gray...

You may want to call your bank. I hear of people buying cars with pending releases all the time. I don't know the specifics, but it should be all good. When my sister in law did it, I believe she had to leave the plates on the car, but I don't suggest that...