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Seem fishy???

Started by bucks1605, November 18, 2008, 01:02:00 PM

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bucks1605

http://columbus.craigslist.org/mcy/923847131.html

I've got a dirtbike to trade....

It would probably be a huge pain to get the title issue worked out though....
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

jserio

anything that has "title issues" is a cause for concern in my book. not saying don't do it, just cover your ass and proceed with extra caution.  :thumb:
finally a homeowner!
2009 Toyota Corolla LE

frankieG

liberal camerican
living in beautiful new port richey florida
i have a beautiful gf(not anymore)
former navy bubble head (JD is our patran saint)

natedawg120

Quote from: frankieG on November 18, 2008, 01:24:04 PM
a parts bike

+1, who wants to buy a bike you have to swap a good frame for a good frame to ride.  It is priced like a parts bike but would make damn sure if you want to get it that the police reiterate the fact to you that it isn't stolen.
Bikeless in RVA

bucks1605

#4
He just asked to see pics of my dirtbike, I'm going to proceed very cautiously. See how it plays out, I'll keep you all updated. If anyone has more opinions feel free to throw 'em at me, I'm young and dumb!  :icon_razz:

Edit: What are my options for getting a title other than buying a new frame?
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

beRto

Quote from: bucks1605 on November 18, 2008, 02:53:50 PM
Edit: What are my options for getting a title other than buying a new frame?

I once went through this with an old scooter. I bought the bike without a title and was able to get the DMV to issue a new ownership by:


  • 1) Proving that I made all reasonable attempts to contact the previous owner (i.e. telephone calls and registered mail at last known address)
  • 2) Because #1 failed, paying a lawyer to notarize a statement where I swore that I purchased the bike in good faith and that to the best of my knowledge it was not stolen

I believe the DMV also contacted the local police to confirm that the serial number was not reported as a stolen vehicle.

The process turned out to be a hassle and was more trouble than it was worth. It took up several hours of my time. And, between the registered mail and the lawyer fees, ended up costing about $200. I guess it might be worthwhile for a more valuable vehicle?  :dunno_white:


p.s. This took place in Canada - the process may be different in the USA

spc

first year of FI, the PC's don't work right, parts are ungodly$$...........that said it would be a fun bike to step up to from a gs. I probably wouldn't give 2k for it though because of the title issues.

bucks1605

Quote from: beRto on November 18, 2008, 03:05:15 PM
Quote from: bucks1605 on November 18, 2008, 02:53:50 PM
Edit: What are my options for getting a title other than buying a new frame?

I once went through this with an old scooter. I bought the bike without a title and was able to get the DMV to issue a new ownership by:


  • 1) Proving that I made all reasonable attempts to contact the previous owner (i.e. telephone calls and registered mail at last known address)
  • 2) Because #1 failed, paying a lawyer to notarize a statement where I swore that I purchased the bike in good faith and that to the best of my knowledge it was not stolen

I believe the DMV also contacted the local police to confirm that the serial number was not reported as a stolen vehicle.

The process turned out to be a hassle and was more trouble than it was worth. It took up several hours of my time. And, between the registered mail and the lawyer fees, ended up costing about $200. I guess it might be worthwhile for a more valuable vehicle?  :dunno_white:


p.s. This took place in Canada - the process may be different in the USA

That seems like quite a hassle, I'm assuming it would probably be more of a process here in the states.

Quote from: spc on November 18, 2008, 03:32:43 PM
first year of FI, the PC's don't work right, parts are ungodly$$...........that said it would be a fun bike to step up to from a gs. I probably wouldn't give 2k for it though because of the title issues.

The only way I'm considering going through with this, is if he agrees to a straight up trade for my dirtbike. I've got enough financial concerns as it is being a jobless college student....

I don't know, we'll see how it plays out.
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

spc

If you end up getting it and not being able to title and want to part it out let me know.  Depending on finances I'd be interested in either the engine or the throttle bodies.

bucks1605

Quote from: spc on November 18, 2008, 05:31:06 PM
If you end up getting it and not being able to title and want to part it out let me know.  Depending on finances I'd be interested in either the engine or the throttle bodies.

I'll keep you updated.

On the bright side if I do get it, it'll be winter so I won't be too tempted to ride and I can focus on all the title bs
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

GeeP

RUN away.

If the original owner didn't pay the bank off, when you attempt to register it you may:

1)  End up with a title with a lien for up to the original purchase price (whatever the O.O. might owe.)

2)  Get a nice letter from the servicing company requesting payment in full or:

3)  Be charged with receiving stolen property and

4)  Pay off the loan in full or they take the bike from you with no compensation.




Title problems are NOT worth the hassle.
Every zero you add to the tolerance adds a zero to the price.

If the product "fails" will the product liability insurance pay for the "failure" until it turns 18?

Red '96
Black MK2 SV

yamahonkawazuki

Quote from: GeeP on November 18, 2008, 10:04:26 PM
RUN away.

If the original owner didn't pay the bank off, when you attempt to register it you may:

1)  End up with a title with a lien for up to the original purchase price (whatever the O.O. might owe.)

2)  Get a nice letter from the servicing company requesting payment in full or:

3)  Be charged with receiving stolen property and

4)  Pay off the loan in full or they take the bike from you with no compensation.




Title problems are NOT worth the hassle.
NOPE. not worth it. although VERY TEMPTING
Jan 14 2010 0310 I miss you mom
Vielen dank Patrick. Vielen dank
".
A proud Mormon
"if you come in with the bottom of your cast black,
neither one of us will be happy"- Alan Silverman MD

bucks1605

Quote from: yamahonkawazuki on November 19, 2008, 02:15:03 AM
Quote from: GeeP on November 18, 2008, 10:04:26 PM
RUN away.

If the original owner didn't pay the bank off, when you attempt to register it you may:

1)  End up with a title with a lien for up to the original purchase price (whatever the O.O. might owe.)

2)  Get a nice letter from the servicing company requesting payment in full or:

3)  Be charged with receiving stolen property and

4)  Pay off the loan in full or they take the bike from you with no compensation.




Title problems are NOT worth the hassle.
NOPE. not worth it. although VERY TEMPTING

That's some harsh reality there! Better to find out from you guys than when it actually happens. Probably explains why the guy didn't try to get it titled...
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

LOUiE

on the flip side.. the current owner could just be a dumbass and not really try to solve the title prob  :cookoo:

It'd be worth trying to check every angle before you bought/traded for it, IMO.

In Canada you can grab the VIN and look it up in a insurance database of sorts to check for liens.  You can also contact the police to check if it's stolen.

Totally Thinking outside the box here (aka please excuse these questions if they're retarded)....
What about getting it marked as 'salvage'?  does that give you any leeway (sp??) with the title issue?
Can you get a local bike shop to remove the frame markings paint it and say its custom??  Apply for a new title?

just a cpl thoughts  ;)
'90 GS500F - streetfighter in progress... booyah!

bucks1605

Quote from: LOUiE on November 19, 2008, 09:33:10 AM
on the flip side.. the current owner could just be a dumbass and not really try to solve the title prob  :cookoo:

It'd be worth trying to check every angle before you bought/traded for it, IMO.

In Canada you can grab the VIN and look it up in a insurance database of sorts to check for liens.  You can also contact the police to check if it's stolen.

Totally Thinking outside the box here (aka please excuse these questions if they're retarded)....
What about getting it marked as 'salvage'?  does that give you any leeway (sp??) with the title issue?
Can you get a local bike shop to remove the frame markings paint it and say its custom??  Apply for a new title?

just a cpl thoughts  ;)

Some ideas for thought. I'm a tad confused by all the BMV madness that goes on, so I'll need to do a little research. I just asked him to send me the VIN, I'm going to run that through the BMV to check for liens. I also emailed the BMV and asked what my options were for getting it titled/registered.

If anyone has opinions on the suggestions made by Louie, feel free to throw 'em out there.

I know I should probably just walk away, but it's so tempting. As long as there are no legal issues or liens I'm willing to go through the hassle of getting it titled if I can.
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

GeeP

Hey Bucks,

We're in the beginning stages of the biggest recession since the Great Depression.  Sit back, relax, stash your cash, and be patient.   ;)
Every zero you add to the tolerance adds a zero to the price.

If the product "fails" will the product liability insurance pay for the "failure" until it turns 18?

Red '96
Black MK2 SV

yamahonkawazuki

could prolly grab a duc for $20. if you had $20 to spare
:laugh: :laugh:
Jan 14 2010 0310 I miss you mom
Vielen dank Patrick. Vielen dank
".
A proud Mormon
"if you come in with the bottom of your cast black,
neither one of us will be happy"- Alan Silverman MD

bucks1605

Quote from: GeeP on November 19, 2008, 02:05:42 PM
Hey Bucks,

We're in the beginning stages of the biggest recession since the Great Depression.  Sit back, relax, stash your cash, and be patient.   ;)

Alright, I hate to pass this up (just the way I am) but you're right and I know I'll probably be glad I did in the long run. Thanks for being the voice of reason.  ;)
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

jdanna

no title and a stock photo
bike probably wasnt even real - you would just gotten jumped and your wallet taken.

dont trust anybody on the internet

bucks1605

Quote from: jdanna on November 20, 2008, 09:58:13 PM
no title and a stock photo
bike probably wasnt even real - you would just gotten jumped and your wallet taken.

dont trust anybody on the internet

hahaha, you never know!  :laugh:
SV1000K3 Bought 03/17/09
1996 GS500E Sold 03/03/09

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