I have posted this situation on an online motorcycle community, and not one person on the board thinks it is a good idea for me to hand over possession of my motorcycle without getting the payment first. The fact is, unlike a bank, I cannot afford to employ a lawyer or bill collector to try and get my bike back if something happens. In order to enforce the agreement, I'd have to employ an attorney and a repossession agency, and I can't afford that. I know you have been screwed by your horseshoer, and are able to hire an attorney to fix this mess, but I can't do that.
I hope you understand that it is nothing personal, but like I said, I can't afford to go through what you are going through with your mare.
I will just continue making the payments as usual myself. I will take care of everything. I really hope that you would go to the bank and get a loan for the bike so you can purchase it outright. That way you can just pay yourself back when you get the money for the mare.
I'm really sorry about your horseshoer screwing you like that. I know you're not trying to screw me over, but I have to make sure.
I haven't gotten a call in 3 weeks from anyone wanting to look at the bike, so I'm sure you have a good chance of being able to get a loan in that time.
Please don't take any of this personally. You've been through this yourself, and by someone with whom you've done business for many years, so I know that you understand where I'm coming from.
I'm also sorry to communicate this to you over e-mail, but I'm at work and like I said, they can't hear me e-mailing. LOL