Quote:
Originally Posted by Alex
General rule is don't do it. No deal is so unique that it's worth the trouble. Under no circumstances do you give the buyer any money without receiving an unencumbered title to the bike at the same time.
If you want to go through with it, it takes some trust in someone who has demonstrated they can't handle their financials properly - in a financial transaction. So you need to go to the bank with them to watch them pay off the loan, with the bank agreeing to send you the title as it comes through.
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Having a loan on a bike or anything does not mean that someone cannot handle their finances responsibly.