June 10th, 2018, 12:16 PM
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#2
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ninjette.org dude
Name: 1 guess :-)
Location: SF Bay Area
Join Date: Jun 2008
Motorcycle(s): '13 Ninja 300 (white, the fastest color!), '13 R1200RT, '14 CRF250L, '12 TT-R125LE
Posts: Too much.
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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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1 out of 1 members found this post helpful.
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