Thanks for the replies! I will keep these things in mind... I was thinking about the doing some kind of liability document but I agree it might not do any good if it came down to filing something. Good point on the riding skill issue, Oni.
Thanks for the feedback, EZ... I don't know if I would offer that type of return policy but it does sound very fair. The only thing I could see being a pain with that type of deal is if they do return it you have to go back and deal with the title documents that you had already signed over.I have always required cash in hand and a closed sale, but also usually offer the potential buyer up to 10 miles and/or 60 minutes test riding time (or mechanical assessment) to return the bike, no questions asked, as long as it is in the same shape and not wrecked, pulled apart, etc. For liability, I simply won't let buyers ride my bikes, but will give them a narrow return window so they can have some buyer's protection and peace of mind.