General question about selling something
05-25-2009, 07:37 PM
#1
Contributors
Thread Starter
Join Date: Dec 2008
Posts: 4,656
Likes: 0
Received 0 Likes
on
0 Posts
Well I have made the decision to sell my bike, I now owe less on it then i can get for it. i havent ridden it in 6 months. my question is, if i want to sell it privately and still have a lein on it, what are my options? do i need to shell out the cash to pay it off before selling it? who is going to give me money when i cant hand them a title on the spot. i would imagine i could pay it off and get the title expedited for a few bucks within a few days
anyone have any experience with this?
anyone have any experience with this?
05-25-2009, 07:56 PM
#2
Senior Members
Join Date: Feb 2008
Location: Pikes Peak- Colorado
Posts: 801
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: BMW 535xi
Model Year: 2008
Originally Posted by craigm1841' post='890033' date='May 25 2009, 11:37 PM
Well I have made the decision to sell my bike, I now owe less on it then i can get for it. i havent ridden it in 6 months. my question is, if i want to sell it privately and still have a lein on it, what are my options? do i need to shell out the cash to pay it off before selling it? who is going to give me money when i cant hand them a title on the spot. i would imagine i could pay it off and get the title expedited for a few bucks within a few days
anyone have any experience with this?
anyone have any experience with this?
05-25-2009, 07:59 PM
#3
Contributors
Thread Starter
Join Date: Dec 2008
Posts: 4,656
Likes: 0
Received 0 Likes
on
0 Posts
i just dont want to pay it off until i know it is sold because it is a terrible loan and the interest is already built in to the cost of the loan. i would rather pay down debt that will save me money. basically, i just dont want to dish out 4K and then not sell it. that 4K would be better used elsewhere
05-25-2009, 08:12 PM
#4
Contributors
Join Date: Mar 2009
Location: South. Deeep South.
Posts: 606
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 535i Monaco blue/cream beige, light poplar trim, sport, nav, premium, Logic 7, 6 speed manual
My other rides:
Departed: 2006 530xi Silver gray/black, anthracite maple trim, cold, sport, nav, premium, Logic 7, 6 speed steptronic, bluetooth, adaptive xenons
Departed...2002 525i White/beige, 5 sp manual
I take it the bike isn't financed locally? If it were, you could meet with your buyer and a loan officer at the bank to complete the transaction, and pay off the difference at that time so the title will be free and clear.
05-25-2009, 08:14 PM
#5
Contributors
Thread Starter
Join Date: Dec 2008
Posts: 4,656
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by BMRMEUP' post='890082' date='May 26 2009, 12:12 AM
I take it the bike isn't financed locally? If it were, you could meet with your buyer and a loan officer at the bank to complete the transaction, and pay off the difference at that time so the title will be free and clear.
good deal, huh?
05-25-2009, 10:30 PM
#6
Contributors
Join Date: Aug 2008
Location: Zoo York
Posts: 9,986
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: Alpine White 2006 530Xi (SLD)
05-26-2009, 03:52 PM
#7
Contributors
Join Date: Mar 2009
Location: South. Deeep South.
Posts: 606
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 535i Monaco blue/cream beige, light poplar trim, sport, nav, premium, Logic 7, 6 speed manual
My other rides:
Departed: 2006 530xi Silver gray/black, anthracite maple trim, cold, sport, nav, premium, Logic 7, 6 speed steptronic, bluetooth, adaptive xenons
Departed...2002 525i White/beige, 5 sp manual
Originally Posted by craigm1841' post='890086' date='May 25 2009, 11:14 PM
hmm. interesting. it is with HSBC. i am sure they dont have a branch down here. i was young and stupid and let the dealer rake me over the coals. the bike was 6500 bucks used, i have now paid 7500 bucks and only owe 4000 now.
good deal, huh?
good deal, huh?
Thread
Thread Starter
Forum
Replies
Last Post
stng5pnt8
Complete Car Sales
0
04-14-2015 09:18 AM