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Started By
Message
Buying an ATV without title....super-terrible idea?
Posted on 9/24/12 at 3:04 pm
Posted on 9/24/12 at 3:04 pm
I found a good deal on a bike, low hours, powerful, kept up well. Dude purchased it second hand and doesn't have the title.
I'm thinking, at minimum, I couldn't get it insured. What are the other pitfalls? No registration?
I'm thinking, at minimum, I couldn't get it insured. What are the other pitfalls? No registration?
10
Posted on 9/24/12 at 3:06 pm to Preys on Gumps
Stolen...
Posted on 9/24/12 at 3:08 pm to Preys on Gumps
Run the numbers thru the local PD. Could be stolen. Do not support crackheads.
If clear, you might be able to get a title along with having to pay taxes.
If clear, you might be able to get a title along with having to pay taxes.
Posted on 9/24/12 at 3:10 pm to Preys on Gumps
quote:
Stolen...
Posted on 9/24/12 at 3:10 pm to Preys on Gumps
No insurance, won't ever be able to trade it in. Alot of times it depends on the circumstances. If it's a 20 year old Honda 300 then odds are it won't really matter. If it's a fairly new bike then odds are it was sold while the previous owner still had a bank lien on it. Odds are he quit paying, took a bump on his credit, and some bank is out looking for it. frick that nonsense.
Posted on 9/24/12 at 3:10 pm to Preys on Gumps
Its stolen
Posted on 9/24/12 at 3:36 pm to Preys on Gumps
If he has a bill of sale, have him request a duplicate title.
ETA I would still do this as well:
ETA I would still do this as well:
quote:
like I said, run the numbers. If stolen, you will be helping someone out big time. Just might have a reward out for it too!
This post was edited on 9/24/12 at 3:40 pm
Posted on 9/24/12 at 4:51 pm to Preys on Gumps
quote:
What are the other pitfalls?
Possession of stolen goods? Getting shot by the person who they stole it from? Having it seized and you don't get your money back?
Posted on 9/24/12 at 5:34 pm to Preys on Gumps
i'm fairly certain that mine is not titled, but i do have the original receipt saying that i paid cash
Posted on 9/24/12 at 5:35 pm to Preys on Gumps
Bad idea.
Just for fun though. Tell him you want to buy it and that you want to meet in the parking lot of the police station for the transaction. See how he responds.
Just for fun though. Tell him you want to buy it and that you want to meet in the parking lot of the police station for the transaction. See how he responds.
Posted on 9/25/12 at 6:54 pm to Preys on Gumps
Could have purchased out of state to avoid sales tax and never registered with the state. ( I.e. no title)
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