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post #1 of 39 (permalink) Old 09-06-2006, 12:02 PM Thread Starter
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More Bike Advice needed

So as many of you may know I was going to pick up Philly-d's RC51. Well it turns out that the bank never sent him the title when it was paid off and they have since lost the title all togther. SO that means 4-6 week wait for a new title.....thats the end of the riding season.

I could in theory buy it without a title, but have him leave his plates on it and get a bill of sale and a copy of the letter saying it was paid off. This would allow me to ride it while waiting for the title. It would leave him open to if I ever ran from the cops or something with the bike that it would come back to him. But I am an upstanding person and think running from the cops is dumb and in general I have never gotten pulled over on a bike.

Or I give up on his bike (Sorry Philly), and go pick up the one that toys4pops freind is selling up in Gurnee which is stock, but an '02 and has the title. Also a down side it is more money which is bummer since I didnt really want to spend more then $4k in the first place.

Thoughts, opinions. Philly if you see this what do you think about the first idea?

Ian
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post #2 of 39 (permalink) Old 09-06-2006, 12:07 PM
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Wait for the title. Clean sale makes both parties happy.
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post #3 of 39 (permalink) Old 09-06-2006, 12:08 PM
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Quote:
Originally Posted by Dirtbiker
Dirtbiker says-

Wait for the title. Clean sale makes both parties happy.
+1

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post #4 of 39 (permalink) Old 09-06-2006, 12:13 PM
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Quote:
Originally Posted by MM Racing
I could in theory buy it without a title, but have him leave his plates on it and get a bill of sale and a copy of the letter saying it was paid off. This would allow me to ride it while waiting for the title. It would leave him open to if I ever ran from the cops or something with the bike that it would come back to him. But I am an upstanding person and think running from the cops is dumb and in general I have never gotten pulled over on a bike.
I like this option. I think Philly would understand that his bike is in a state of decreased attractiveness to sellers since it has no title, and would be willing to cooperate to get the $$ in his pocket and both parties happy.

Philly, you can trust Ian. He's a pussy and doesn't even know where the throttle is anyway. No worries about any wreckless driving charges here.

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post #5 of 39 (permalink) Old 09-06-2006, 12:15 PM Thread Starter
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Ill kill you blondie. And your little dog too.

Ian
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post #6 of 39 (permalink) Old 09-06-2006, 12:16 PM
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The other angle is that enough people on here can vouch for both of you, and you trust the people that are telling you it's cool, then it could be ok.

I personally wouldn't be comfortable on either end of the deal.
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post #7 of 39 (permalink) Old 09-06-2006, 12:17 PM Thread Starter
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Need to run it by Philly first and see what he thinks about it.

Ian
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post #8 of 39 (permalink) Old 09-06-2006, 12:17 PM
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Unfortunately I have to agree with Chicago and Dirtbiker; you do not know me and you would be putting yourself at risk. There is one more lead concerning the whereabouts of the title which I am waiting for a call back on, but I wouldn't get your hopes up. I will let you know as sson as I find out which should be shortly.
I am sorry for wasting your time and for getting your hopes up. I know what it feels like when you have the minset to possibly make a deal only to have it fall through because the other party screwed something up.
Thanks for putting up w/ this rollercoaster ride.

Phil

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post #9 of 39 (permalink) Old 09-06-2006, 12:21 PM Thread Starter
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Thanks for replying Philly, I was about to call you. I trust you as you seem to be pretty standup so its up to you in the end. I will wait for your call.

Ian
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post #10 of 39 (permalink) Old 09-06-2006, 12:23 PM
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Ian -- stick with this bike. If you really wanna go on a particular ride, you can borrow mine. I'll even disconnect a couple of the cylinders so it's at your riding level. But seriously, let's plan to go on the Slimey Crud run at the beginning of October (Southern Wisconsin). That will give you something to look forward to for when the sale is finalized.

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post #11 of 39 (permalink) Old 09-06-2006, 12:27 PM
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<------Agrees with Slowass


A good deal is worth waiting for, especially for the bike you really want.
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post #12 of 39 (permalink) Old 09-06-2006, 12:29 PM
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Thanks to those of you who think enough of me to put your good name behind mine; coming from this board I believe that means something. Still waiting on the call Ian. I will contact you as soon as I find out one way or the other.

Phil

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post #13 of 39 (permalink) Old 09-06-2006, 12:29 PM Thread Starter
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Thanks Rache. Phil has been super straight forward and helpful so I agree I would rather buy his bike. We will see what happens.

Ian
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post #14 of 39 (permalink) Old 09-06-2006, 01:05 PM
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The RC51 is a badass bike. BIG V-TWIN!!! BLAP BLAP BLAP!!!!

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post #15 of 39 (permalink) Old 09-06-2006, 01:20 PM
 
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Quote:
Originally Posted by Grasshopper
The RC51 is a badass bike. BIG V-TWIN!!! BLAP BLAP BLAP!!!!
yes
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post #16 of 39 (permalink) Old 09-06-2006, 01:24 PM
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Ian,

That last lead proved to be a dead-end. I have a call into my uncle who is an attorney in an effort to find out if you or I would be at risk of breaking the law if you were to use my plates until the title comes back from the DMV. Further, and more importantly, there is the question of insurance (i.e. would it be possible for you to be insured on said vehicle with only a signed bill of sale that you and I would work up together should the terms of sale prove agreeable to both you and myself.
If anybody could shed some light on the insurance question, it would be greatly appreciated. Ian, I suggest you call your insurance agent and run this scenario by him or her.

Thx,

Phil

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post #17 of 39 (permalink) Old 09-06-2006, 01:34 PM
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I also have my insurance agent checking with the legal dept at State Farm to make sure that 1. you can leagally be insured by your carrier despite the fact that we would only have a bill of sale hand-made by you and I, and 2. that you would legally be able to use my plates until the new title arrives.

Thx,

Phil

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post #18 of 39 (permalink) Old 09-06-2006, 01:39 PM
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Quote:
Originally Posted by Phily-D
Ian,

That last lead proved to be a dead-end. I have a call into my uncle who is an attorney in an effort to find out if you or I would be at risk of breaking the law if you were to use my plates until the title comes back from the DMV. Further, and more importantly, there is the question of insurance (i.e. would it be possible for you to be insured on said vehicle with only a signed bill of sale that you and I would work up together should the terms of sale prove agreeable to both you and myself.
If anybody could shed some light on the insurance question, it would be greatly appreciated. Ian, I suggest you call your insurance agent and run this scenario by him or her.

Thx,

Phil
Phil,

although for alot less time, I did exactly what you are doing before on cars. I gave the person buying the vehicle a bill of sale and we had an agreement that the vehicle would be under there insurance and the plates would be required back when I got the title, in the past, what I have done is do the exchange in person, insurance was never an issue. My insurance company never asked who's name was on the title, only where to send the lien information to, in the event I had a lien and the VIN number. as for the ethics of doing what you guys are talking about doing and the plates, I simply can't help you there.

I can however vouch for Ian as a stand up guy

<-- Chris

turn the bars left and go right; that just isn't right
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post #19 of 39 (permalink) Old 09-06-2006, 02:17 PM
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Chris,

I have little concern as to the character of Ian as his character has been spoken for and I am comfortable in that regard. My concern has to do with (God forbid) something bad happening while he is riding and his insurance company coming back and saying that he was not the registered owner of the bike and therefore they do not have to legally incurr the financial responsabilities of a claim.
Thanks for your input Chris. I do appreciate your help.

"Cr-Cr-Cr-Crambone!!"
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post #20 of 39 (permalink) Old 09-06-2006, 02:17 PM
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The choice is up to you guys, but I had the same situation with my first bike.

We did the bill of sale and I rode on his plates for a month. I had it insured under my name without a problem, and I also got pulled over three times during that month, and cops said that as long as there was insurance and plates were current I was good to go.
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post #21 of 39 (permalink) Old 09-06-2006, 02:28 PM
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Quote:
Originally Posted by clearwaterms
I can however vouch for Ian as a stand up guy
Ian is a deadbeat


I drive cars around all day long that are not registered to me. The insurance I am covered on, covers any vehicle i'm driving, regaurdless of who the "owner" of the car is.

Insurance company shoun't care who the bike is registered too, they will cover Ian on the bike he provides the VIN number on. As for getting pulled over, as long as Ian can provide insurance on the bike, and there is no reports of the bike stolen, the cops will give two shits about whos name is on the plates

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post #22 of 39 (permalink) Old 09-06-2006, 02:29 PM Thread Starter
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My insurance company (StateFarm) said that unless I own the bike that they can not insure me on it. I do not know if I entirly beleive that or not since you can purchase insurance to cover yourself while in a rented car. Phil let me know if you hear back from your State Farm person.

Ian
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post #23 of 39 (permalink) Old 09-06-2006, 02:45 PM
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I am waiting on her call. I am suprised at the response you got from your State Farm agent. I have been working with Linda from the State Farm office of Michelle Twitchelle. Her number is 630.830.6966. Everyone involved here, i.e. the previous lein holder, your insurance company and my insurance company is State Farm. This should be a no-brainer for them as everybody involved works within the same company.
Ian,

This is the kind of stuff that they should be helping us with. if you don't mind, I would like to pass your agents contact information on to my own so we can take care of this. Lemme know what you think of this idea.

Thx,

Phil

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post #24 of 39 (permalink) Old 09-06-2006, 05:09 PM Thread Starter
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Well good news folks. It is all worked out and I will be checking out the RC tommorow night.

Ian
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post #25 of 39 (permalink) Old 09-06-2006, 05:16 PM
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Quote:
Originally Posted by MM Racing
Well good news folks. It is all worked out and I will be checking out the RC tommorow night.
Congrats!!

------------------------------------------------
-Heesh

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post #26 of 39 (permalink) Old 09-06-2006, 05:28 PM
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Good luck with the RC, here's some inspiration to work towards....
God I love that bike. Maybe i'll be able to get one in the near future.
Attached Images
File Type: jpg rc 51.jpg (66.4 KB, 0 views)
File Type: jpg rc 51a.jpg (93.0 KB, 0 views)
File Type: jpg rc 51b.jpg (67.8 KB, 0 views)
File Type: jpg rc 51c.jpg (234.1 KB, 0 views)
File Type: jpg rc 51d.jpg (85.0 KB, 0 views)
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post #27 of 39 (permalink) Old 09-07-2006, 12:14 AM
 
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do you have any of those in a higher resolution?
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post #28 of 39 (permalink) Old 09-07-2006, 03:06 AM
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Can i ride with you?



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post #29 of 39 (permalink) Old 09-07-2006, 04:24 AM
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One thing I never could understand is why banks in IL feel the need to actually have the physical title? Theres no reason they couldnt just have a section of the title that lists the LIEN HOLDER like WI and some other states do. But if they feel the MUST have the physical title, then they better give it to you right there when you pay it off. No waiting 4-6 weeks and such crap. And HOW THE FUCK does a bank lose a title?
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post #30 of 39 (permalink) Old 09-07-2006, 05:36 AM Thread Starter
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Yeah I don't understand Illinois's retarded nature when it comes to vehicles and how to insure them and register them. We are going to the DMV today and going to try and get plate with out a titel and see what happens. That will clear up just one aspect of it. Insurance is all worked out now with Statefarm so its cool there.

I saw the bike yesterday and more importantly I heard the bike yesterday at Strats. There is no going back now. RVT we can ride any time you want. My gear should be here tommorow so the weekend is mine as long as the gay rain stays away.

Ian
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