- This topic has 2 replies, 2 voices, and was last updated 14 years, 11 months ago by alaaaaaaaaan.
Possibly making a deal on an SV650S
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May 13, 2009 at 10:19 pm #2819alaaaaaaaaanParticipant
Alright so here’s the deal, as some of you may know i have been looking for and SV650S for the right price for sometime now. I searched CL religiously and just when i had the money all the bikes in my price range had been sold …The next day i get home from work and 2 min before i had checked CL someone posted an ’02 650s for 2800$…Long story short i decided to give my luck a try and contacted him with an offer and……..HE ACCEPTED. Bike looks great in the pics he sent and he is the head mechanic at a local bike shop so im willing to guess the bike is in pretty darn good condition.
My only drawback at the moment is that, as i have mentioned before, i am a total newb at buying used vehicles (never have bought one) so i turn to you guys for guidance. I have visited http://www.clarity.net/~adam/buying-bike.html which has a GREAT and detailed guide on what to look for but im still a little apprehensive when it comes to the whole title/ registration thing.
I was wondering if anyone has any helpful info or even a pic of a FL motorcycle registration and what i should be looking for in terms of where it indicates if the bike has liens, repoed etc… Also, when the previous owner signs over the registration (which the guide says is on the back of the registration card) does he write my name anywhere on it or is there a specific place?
I’m sorry for the long winded post and the NEWB questions but i want to make sure that i get everything right the first time and don’t get taken for a ride and possible lose my hard earned cash.
Thanks again for the help guys, i’ll be sure to post pics if i go through with the sale.
May 14, 2009 at 4:34 am #18488owlieParticipantDon’t know anything about Florida registrations, so take what follows with a grain of salt…
Typically, the lienholder will be shown on both the Title and the Registration. Some states (such as Alaska) allow the lienholder to hold the physical title until the lien is satisfied. Others don’t (such as Oklahoma).
If there is a lienholder listed, make sure that either 1) the lienholder has signed off on the title releasing the lien or 2) the sell provides a letter from the lienholder releasing the lien with the title (should be on letter head, and possibly notarized).
Other than that, the only thing you need to do is make sure the seller signs the back of the title. You can probably fill in the rest of it yourself.
Your best bet is to ask your local DMV. They can tell you what it takes to transfer the title and registration, how to find out if there is a lien on the vehicle and what is needed to prove that to them that the lien has been satisfied.
For the fun stories, find someone who handles registrations for a local dealership.
May 14, 2009 at 8:42 pm #18525alaaaaaaaaanParticipantOwlie thanks for the tips.
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