Purchasing an out of state bike - Page 2 - Sportbikes.net
 

Home Message Board SBN Chat SBN Articles Bike Specs Register Classifieds Forum Rules Advertise Contact Us

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Go Back   Sportbikes.net > Topic Discussions > General Sportbikes
Register Subscribe Casino Garage FAQ Members List Calendar Arcade Insurance Search Today's Posts Mark Forums Read Motorcycle Escrow


General Sportbikes This area is for sport bike discussion in general. Topics that don't really belong anywhere else can go here. Questions can be answered and addressed to fully understand certain aspects of the sport. If your question is manufacturer specific please post it there.
Sponsored by: TCX Boots

Insurance


Site Sponsors
Reply
 
LinkBack Thread Tools Display Modes
Old 11-26-2012, 12:00 AM   #16 (permalink)
stnkbg1
Pit Bike Legend
 
stnkbg1's Avatar
 

Join Date: Feb 2005
Location: Escondido, CA
Age: 32
Posts: 3,245
Gameroom cash: $52585
Sportbike: Custom CB750 (street), '07 Ducati 1098S(canyons), '06 CBR 600RR (track)
Thanks: 559
Thanked 590 Times in 308 Posts
stnkbg1 is on a distinguished road
Default

Quote:
Originally Posted by rgbeard View Post
So allow me to get a little "technical" since you seem to need the information down to this level

The seller of the bike is not the owner at this time. The bike is owned by the bank/finance company that holds the title.

The bill of sale would exhibit INTENT for the person paying on the bike to transfer it to you but means NOTHING to a DMV agent. The true owner is whomever the title states or the legal leinholder.

If he doesn't pay off the bike it's still property of the bank. It is not yours. Yes you have legal recourse to sue the seller but it will be costly in time and money.

The leinholder must receive full payment to release the bike to the seller so he may in turn transfer it to you. Giving cash to the seller does nothing to accomplish this.
THIS.

In even simpler terms, the seller does not have the legal right to even sell you the bike, as he does not own it, the finance company does. You cant sell what you dont own.
__________________
Dallas Ashley

Crew Chief, RedBull Rockcrawling Team

StinkyFab Racing - Custom Fabrication
.
stnkbg1 is offline   Reply With Quote
The Following User Says Thank You to stnkbg1 For This Useful Post:
Jfaden23 (11-26-2012)
Sponsored Links
Advertisement
 
Sponsored Links
Advertisement
 
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Purchasing First Bike gordo New Riders 11 05-10-2008 10:28 PM


All times are GMT -5. The time now is 09:06 PM.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0
1997 - 2007 Sportbikes.net INC. All Rights Reserved.
Motorcycle News, Videos and Reviews
Honda Grom Forum Harley Davidson Honda 600RR Kawasaki Forum Yamaha R6
1199 Panigale Roadglide Forum Honda CBR1000 Vulcan Forum Yamaha R1
Ducati Monster Harley Forums Honda CBR250R ZX10R Forum Star Raider
Suzuki GSXR V-Rod Forums Honda Shadow Kawasaki Motorcycles Star Warrior
SV650 Forum BMW S1000RR Honda Fury Kawasaki Versys Drag Racing
Suzuki V-Strom BMW K1600 Triumph Forum Victory Forums Sportbikes
Volusia Forum BMW F800 Triumph 675 MV Agusta Forum Streetfighters