Motorcycle Test Ride Question.
I'm selling a K1200GT and people will want to test drive the bike. This is my only bike. I have seen ads for bikes where the seller states that with a check or cash in hand, you may take a test ride. This seams a little too extreme to me. My insurance agent said all insurance policies cover you for a 24 hour period for test drives and if you have auto insurance, they will cover a motorbike as long as you have an endorsement. My agent suggested getting some info in writing and stating that the person taking a test ride is responsible for the insurance deductable. I found some “test drive agreements” on line.
Here is an agreement I was going to ask people to sign.
Any comments on this agreement or agreements in general? Let me know your thoughts on test rides.
Vehicle Test Drive Agreement
In consideration for being allowed to test-drive a 2007 BMW K1200GT motorcycle, which is available to purchase for $16,995 US, I accept full responsibility for any and all resulting damage, claims, costs, and liabilities related to my use of the vehicle listed below. The insurance deductable on the bike is $500 and I agree to pay this amount to <your name here> within 3 business days if I damage the K1200GT or to buy the motorcycle for $16,995 outright with no repairs being made to the K1200GT.
I accept that this agreement is between the party signed below and <your name here>. I also accept that <your name here>has no responsibility for my actions while test driving the motorcycle. I confirm that I have a valid Oregon Driver’s License and insurance to cover my liability. I agree to stay within a 5 mile radius during the test drive and to return the vehicle within 15 minutes.
Person Test driving K1200GT
Driver License Number:
Date of Test Drive:
Year, Make and Model:
Vehicle Identification Number:
I agree to the above terms and Conditions:
Person Test Driving:
Last edited by kemmons; Mar 12th, 2008 at 5:36 pm.