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How to purchase a bike with lienholder

  1. #1
    Lifer
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    How to purchase a bike with lienholder

    So, I am looking into buying a bike that is financed through the manufacturer. The title is with the manufacturer. How does the transaction work in this case? Do I just do a bill of sales, get the bike, give a certified paycheck to the owner and then wait for the bank to send the title to the owner who will then need to sign it over? Do I just pay the manufacturer/bank directly? I have never done this and any advice would be appreciated. Thanks!
    PS
    FZ6 sold!

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    '15 Ducati Scrambler, '13 Multistrada 1200S, '07 VFR, '14 CRF250L/M, '15 FJ-09, '23 Tuareg

  2. #2
    Don't bother me! R7's Avatar
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    Re: How to purchase a bike with lienholder

    Pay the bank/leinholder directly.

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    Yamaha

  3. #3
    Just Registered drop's Avatar
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    Re: How to purchase a bike with lienholder

    what manufacturer? some (bmw finance, for example) make this process very easy and will handle most of the hassle/transfer for you.

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    - Jamie
    2009 K 1300 S

  4. #4
    Lifer
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    Re: How to purchase a bike with lienholder

    Honda finance

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    '15 Ducati Scrambler, '13 Multistrada 1200S, '07 VFR, '14 CRF250L/M, '15 FJ-09, '23 Tuareg

  5. #5
    Lifer 03Worc9R's Avatar
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    Re: How to purchase a bike with lienholder

    I bought my bike with lien holder and made the check out to the bank and got everything in writing.

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  6. #6
    Lifer
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    Re: How to purchase a bike with lienholder

    Thanks. I'll call them and find out what I need to do.

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    '15 Ducati Scrambler, '13 Multistrada 1200S, '07 VFR, '14 CRF250L/M, '15 FJ-09, '23 Tuareg

  7. #7
    Lifer NobodySpecific's Avatar
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    Re: How to purchase a bike with lienholder

    Quote Originally Posted by 03Worc9R View Post
    I bought my bike with lien holder and made the check out to the bank and got everything in writing.
    I did this as well, and he had a form from his bank to fill out. Sent me the title a week or two later.

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    '06 Triumph Sprint ST ABS
    '90 Yamaha XT350

  8. #8
    Lifer Garandman's Avatar
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    Re: How to purchase a bike with lienholder

    I get a bank check made out to the lienholder, and reference the VIN on it. As others indicate, usually takes about a week to get ze papahs.

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  9. #9
    Lifer 03Worc9R's Avatar
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    Re: How to purchase a bike with lienholder

    I also had title sent directly to me from bank. It did need sellers signature on it when I brought it to INS. Agent but luckily it magically appeared when I got there.

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