Buying a bike with a lien?
So I found a good deal on a bike I've lusted after for some time but there's a catch as always. It's 3 hours away and the bike is under a lien.
Has anyone been in a similar situation? How did you handle it?
I'm assuming I would have to:
Pay for the bike and take possession of it. I'm guessing I couldn't ride the bike since I can't get insurance until I'm the official owner? So I'd need to trailer it?
Then wait for the owner to get the title from the bank and do a title transfer. I live in PA and I believe that banks will hold onto the title until the bike is paid for. They did when I got a loan to buy an FZ07 a few years ago.
Any help appreciated. As usual PA laws make buying a vehicle a huge pain.
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"Take it easy driving. The life you might save might be mine."
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