So that time has finally come around. The bike has been serving you for years and you need to get rid of it. Either you’ve outgrown it, you’re a new parent, financial difficulties, moving abroad, or any other reason.
Although selling a motorbike isn’t complicated at all, there are certainly tips and measures you ‘re going to skip if it’s not something you do regularly. Here I’m going to go, step by step, on the best way to sell your used bike. Let’s hope that it helps make your job easier when the time comes.
Even if you don’t need this right now, I would suggest that you bookmark it for future reference. If you own a motorcycle, it will eventually come in handy and you won’t remember where you saw it.
This guide also assumes that the bike COE still has some balance, or at least you can renew its COE. If you or the previous owner has already renewed the bike COE for only 5 years (not 10 years), then it cannot be renewed. For this case, you can just ask our towing team to export the bike for you and get back some money – much better than just scrapping it and having to pay $50 extra.
You need to download a copy of your vehicle information sheet (or logcard) from LTA. It contains all the bike’s official information that the buyer will need to see.
To download the logcard, simple go to this LINK.
If the bike was under installment plan in the past, you will need to unblocking the LTA transfer by giving your shop a call. If all payments are done, the finance block will get lifted.
Now is the time to tackle all the work you’ve been procrastinating on for the past year.
If you’re not an avid mechanic, that might just mean checking tire pressure and shaking the bike around to see if anything is loose. If the chain is really loose and you don’t know how to adjust it, take it to a mechanic. I recommend visiting our workshop partner, HKL Lim. They are true experts in their field.
Here is a simple checklist for things that you can try to do yourself:
– Adjust chain tension and rear tire alignment – $0
– Adjust throttle, brake and clutch play – $0
– Replace any burnt out or malfunctioning light bulbs – $5-10
– Change brake fluid (if over two years old, it’s most likely absorbed water)
– Test the battery and replace if it has trouble staying over 12 volts.
– Clean/replace engine air filter – $12
– Check brake pads & Rotor condition
– Inspect tires – This is a tough one. If they clearly need replacing, changing them. Otherwise, decide on a discount you’re willing to offer so the buyer can choose their own tires.
– Lubricate control cables – <$1
– Change engine oil
Selling a motorbike is like going for a job interview—first impressions matter. If your motorbike isn’t well-groomed, potential buyers may assume there are other issues. In Singapore, the top reason people prefer new over used motorcycles is uncertainty about how the bike was maintained. If you’re not taking care of something as simple as washing, they’ll doubt you’ve handled the basics of maintenance.
There are a few ways to sell your motorbike in Singapore:
- Sell it to a motorbike shop, or a dealer: They are making a living by buying low, selling high. Expect to spend a lot of time negotiating with many of them. Choose at least 3 random shops so you can get the best out of it.
- List it online on Carousell, or some online motorbike marketplaces: You might get good price here, but it can be time-consuming to arrange viewings. There’s also a risk of scams or last-minute cancellations that can cause frustration.
- Export your motorbike: You can ask a towing service to help with exporting your bike. You’ll get a small return along with the COE balance, and if your motorcycle qualifies for the NEA rebate, you can receive up to $3,500.
- Sell the bike to AloRide. Yes, we can buy it if matches our demand. Just fill the form HERE, then wait for a few hours for confirmation from us. Deal is very fast, maybe within a few hours from initial conversation until the deal is completed. Pricing is transparent, and we are a registered company in Singapore.
The time has come to finalize the sale of your motorbike. Bring the motorcycle to the buyer and request immediate payment through PayNow (it’s free). Afterward, you will need to initiate the ownership transfer using your Singpass on the LTA website, and the buyer must accept it as well.
One thing to note:
The buyer must purchase insurance for the motorbike before they can officially take ownership. You can also contact your insurer to request a refund for any unused portion of your current motorbike insurance policy.
That’s all you need to do. Selling and buying a motorbike in Singapore is quite simple, thanks to our smart nation movements. If you need a temporary motorbike after selling it, why not rent a motorbike from us? Just visit aloride.com 😉