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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!
Pay the bank/leinholder directly.
Yamaha
what manufacturer? some (bmw finance, for example) make this process very easy and will handle most of the hassle/transfer for you.
- Jamie
2009 K 1300 S
Honda finance
I bought my bike with lien holder and made the check out to the bank and got everything in writing.
Thanks. I'll call them and find out what I need to do.
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.
“It's 2 minutes for any capable adult.”
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.