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Advice Please?
Old 04-30-2007, 09:49 AM   #1
Marker54
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Default Advice Please?

Was thinking of buying a new bike, and paying cash, but some of these mo mos dont have the title in hand! So, now i'm in a position to hand over cash so the guy can pay it off, then in 3 weeks, I get the title. He's even willing to give me the bike. Guy sounds straight up....BUT I HATE DOING IT THIS WAY!

On my first bike, the dude had the cash, he paid it off and I waited till he got the title to pick it up. I kind of want this bike, but still...cant ride it for 3 weeks after I get it. WTF!!!!

Any Advice.
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Old 04-30-2007, 09:50 AM   #2
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I would steer clear of it. Avoid any potential hassle
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Old 04-30-2007, 10:01 AM   #3
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Quote:
Originally Posted by JimRBlue View Post
I would steer clear of it. Avoid any potential hassle
Good thinks come to those who wait.
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Old 05-08-2007, 09:14 AM   #4
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Quote:
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I would steer clear of it. Avoid any potential hassle
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Old 04-30-2007, 09:52 AM   #5
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What kinda bike? I would draft a letter and both of you sign it and have it noterized. Like a bill of sale
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Old 04-30-2007, 11:13 AM   #6
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Quote:
Originally Posted by Saxon View Post
What kinda bike? I would draft a letter and both of you sign it and have it noterized. Like a bill of sale
If you do decide to go ahead and buy it make sure you do this. What kind of bike are you looking for?
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Old 04-30-2007, 10:17 AM   #7
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Yeah there are a gazillion bikes for sale don't rush and buy the wrong one.
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Old 04-30-2007, 11:00 AM   #8
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tell him to contect who his loan is with and they have paperwork that will let you switch everthing over into your name and you can send the bike the money and he will get a certifided paperthat say it payed for and he can give you the bike
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Old 04-30-2007, 10:57 AM   #9
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If you have to have that bike, don't do the guy any favors dude. Get a notorized letter like Saxon suggested so there's no confusion about who owns the bike or forget it and get a different bike.
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Old 04-30-2007, 12:54 PM   #10
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Personally, I'd only buy a bike that has a title coming with it when cash is traded.
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Old 04-30-2007, 12:57 PM   #11
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A friend of mine got screwed doing this. The guy avoided him for three months, but he finaly got the title. This was a "friend" of his. Be carefull and get something in writting from the guy to protect your ass.
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Old 04-30-2007, 01:23 PM   #12
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Yeah, U giys r right. Thanks for keeping me focused!

BTW, its an 05 F4I.

UPDATE: Since we spoke this morning, he called and said he would borrow the cash from his buddy and pay it off, said he figured I would not be the only person asking to busting his balls about it. Asked that i'd give 1K down. Located in Mt Laurel.
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Old 04-30-2007, 01:33 PM   #13
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Quote:
Originally Posted by Marker54 View Post
would borrow the cash from his buddy and pay it off... Asked that i'd give 1K down.
Something still stinks. Don't give him anything till you look at it and see the title in his hand.
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Old 04-30-2007, 01:44 PM   #14
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F-that. Who wants to buy a bike with a lien on it.
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Old 04-30-2007, 01:54 PM   #15
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Pete..don't give him 1k..that's stupid..tell him no and you have the cash at hand and yoru a serious buyer...
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