Bike buyer guru Craig Langton Fire It Up

Bike Buyer Guru: Selling a motorcycle from a deceased estate

 

Craig-Langton-Bike-Buyer-GuruCraig Langton has quite the CV. Here at The Bike Show we refer to him as King Midas because, as you might’ve guessed, everything he touches turns to gold. Apart from previous businesses that were massively successful under his watch, he is the owner of Fire It Up in Fourways and within a year of opening its doors it has become the biggest selling motorcycle dealer in the country by a long way. Much of this is down to good honest hard work by him and his team, but much of it also has to do with decades of dealing in motorcycles, spotting trends and noticing nuances. Craig will be passing on much of this knowledge to our esteemed readers in his Bike Buyer Guru column that will be posted every Tuesday. Herewith this week’s column:

 

We recently had a ‘Bike on Show’ (our unique consignment facility) and when trying to contact the seller to conclude the transaction we learnt that the customer had unfortunately passed away. Our thoughts and prayers are with the family.

In many cases the deceased will have bequeathed their personal assets to family members/friends who may or may not want to keep them.

If you have been left an asset such as a motorcycle from a deceased family member and you do not want to keep the motorcycle, or the motorcycle needs to be sold and the proceeds split amongst the heirs, there is quite a procedure that needs to be followed in order for the sale to be legal. If you have an attorney/administrator/executor perform the function for you which will cost some money but can sometimes be easier. If you choose to undertake the task yourself, the e-Natis system does make allowance for this and you will need to transfer the motorcycle into your name before proceeding with the sale or transfer into your name.

To transfer the motorcycle into your name you will need a host of documents to set the transfer into motion:

1.  RLV change of ownership form available at your friendly motorcycle/vehicle dealer or at the traffic department;

2. RSA Identity Document.

3. Letter of Executorship – this is a letter from the executor of the estate, detailing the circumstances under which the vehicle came into your ownership;

4. Death Certificate – In the absence of an executor’s letter.

Once the vehicle has been transferred into your name, you can then proceed with a sale as per normal or keep the motorcycle.

When performing a change of ownership, the e-Natis system will require a roadworthy certificate before they issue you with a new license disk and payment of any outstanding license fees that are due.

If you are purchasing a motorcycle from a deceased estate, ensure that the seller has performed the above process and is the registered owner of the motorcycle and is allowed to sell it.

Tel: (011) 465 4591
Web: http://www.fireitup.co.za
Facebook: https://www.facebook.com/FireItUpMotorcycles

Bike Buyer Guru Fire It Up Craig Langton

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