Buying an out of state bike with a lien?

[Garrett]

Terrible idea? Or terriblest idea?

[SVRACER01]

Wirelessly posted (GS3)

I've done it. I financed through my bank so they handled most of it. But basically, my bank bought the title for the balance and his bank just sent my bank the title.
I'm sure its similarly done without a bank

[R7]

If you're using a bank, what Oxx did works. If not, get a certified payoff check made out directly to the leinholder, and pay the balance to the owner however you'd like. Don't pay the guy and count on him making the payoff..it'd be nice to think everyone in the world is honest, but it's not the case.

[Garrett]

He seems uninterested in clearing it up.
"NOT a clean title because of a lien and being sold that way. NOT salvage. Bike is to be sold, "as is" for parts or a stunt bike."


Pass.

[shortbus]

He seems uninterested in clearing it up.
"NOT a clean title because of a lien and being sold that way. NOT salvage. Bike is to be sold, "as is" for parts or a stunt bike."


Pass.

I ran into a few of those as well... a 2012 gsxr for 2k in RI was the highlight. What exactly would happen? I assume the bank would go after the borrower and the bike would wind up being reported as stolen?

[Garrett]

I would imagine. The loanee doesn't legally possess the bike thus cannot legally sell it.

[SVRACER01]

Wirelessly posted (GS3)

Had a buddy just hit me up for a similar deal. His girl owes money on a zx6 but she's claimed bankruptcy and has no intention of paying the bank. She already bought a new bike under her moms name. Wanted to sell it to me dirt cheap as a track bike. I don't need that headache. Pass.