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Discussion Starter #1
Hubby and I had responded to an ad on Craiglist for just the Kingpin I'm wanting. All went well in the emails back and forth(his choice of contact) then nothing for a week, then he finally replied saying his phone crashed. So we agreed on a price if we approve of the bike when we see it and test ride it(it's in a neighboring state) so would require about a 5 hour drive for us. We were suppose to go tomorrow to do the whole transaction...I've been excited beyond belief! Then this morning we get a text from him saying he can't find the title( he originally said the bike had a lien on it at the bank). Now in our experience when a bank or credit union has a lien on a vehicle, they hold the title until it's paid for. So thinking he might have forgotten that detail and him thinking he lost it, we told him that. He then replied that the credit union told him they don't hold the titles anymore like that. So he called the court house and they told him that they had record of sending him the title when he bought it, but he doesn't have it and he had to order another but it couldn't be guaranteed that it would be there tomorrow when we were going there.

Is it just us or is something screwy here? He has seemed sincere in everything else to do with the bike and even took additional pics and emailed them to us. But unless things have changed with banks and finance companies, I wasn't aware you could have a loan on a bike and them give you the title before the loan was satisfied. He said he would contact us when he has the title. So now we're at a stand still on this deal and I just have a creepy feeling about this title thing.

Someone please tell me I'm over reacting or over thinking this....dammit I could just cry and I'm not a big sissy! :confused:
 

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well im not sure, but i still owe on my XC and i have the title. the thing is i took my loan out as a personal loan. is it possible, yes (many factors), is it likely....ehhhh. 5 hours isn't that bad of a trip to make twice, or just tell him you will wait till he gets the title.
 

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actually i just thought about something. do you still have that craigslist add? make another e-mail account and shoot him an email tonight asking about the bike. if he talks like everything is great...beware. if he says that he has someone looking at it, and he's looking for the title, honest. just a thought.
 

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I'm sure none of what I'm about to say will be new to you.
1. Don't get emotionally committed in a purchase like this. Salesman count on that and take advantage of it all the time. People pay to much,borrow to much and buy the wrong bike on impulse because they fall into an emotional infatuation after fixating on a "deal".
2. Never ignore red flags! You might decide to go ahead but red flags are telling you to be careful, investigate,verify and take your time.
3. No title, no deal, period. Money doesn't change hands till a valid,clear title is on the table in front of you.
4. Look for another bike. It'll take your focus off this one and if he comes up with what you need it can be in the mix. There are plenty of bikes out there.

Good Luck and Enjoy Looking for the perfect bike!
 

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A missing title that is being reissued is not a concern, it's a slip of paper that can get lost just as any other piece of paper. Just don't exchange any money with out a fully released title.
 

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Discussion Starter #6 (Edited)
actually i just thought about something. do you still have that craigslist add? make another e-mail account and shoot him an email tonight asking about the bike. if he talks like everything is great...beware. if he says that he has someone looking at it, and he's looking for the title, honest. just a thought.
I like that idea! Think I'll try that. Thanks.
We had also thought about what you said that if it was a personal loan he could very well have the title even if it wasn't paid off. Maybe I'm just getting crazy....:crzy:

There absolutely would not be any exchange of money until that title was in front of my eyeballs and we were totally satisfied with the arrangement. My husband said the same thing...keep looking just in case this ends up being a screwy deal for some reason. Thanks for opinions.
 

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I'm sure none of what I'm about to say will be new to you.
1. Don't get emotionally committed in a purchase like this. Salesman count on that and take advantage of it all the time. People pay to much,borrow to much and buy the wrong bike on impulse because they fall into an emotional infatuation after fixating on a "deal".
2. Never ignore red flags! You might decide to go ahead but red flags are telling you to be careful, investigate,verify and take your time.
3. No title, no deal, period. Money doesn't change hands till a valid,clear title is on the table in front of you.
4. Look for another bike. It'll take your focus off this one and if he comes up with what you need it can be in the mix. There are plenty of bikes out there.

Good Luck and Enjoy Looking for the perfect bike!
I am an attorney and I couldn't give you better advice than did Tumpleweed in all respects. Lastly, the "courthouse" does not nor ever did keep or send out titles. While I don't know what state the bike is in, most likely the title originates from the secretary of state's office, but DO NOT give your hard earned money up for a bike without a title or even a promise of a title. With that said, some are not as good as others with legal transactions including keeping titles and in many states, you still have the title even with a bank lien, but you can not change the title until the lien is extinguished by the bank. So he will have to do that first or after he finds or orders a new title. Very good advice for you to just start looking for another bike and let him tend to the problem of getting a clean title for you. It well could be that he simply hasn't put all his ducks in a row in terms of being able to sell the bike, but again DO NOT give him any cash without a clear title. With that stated, I have to share the bike I just bought my grand son who will be 3 on the 14th of this month. Nice ride and clear title from Grandpa....
 

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You ask him who has the loan am sure its a local company close by him. You get a check made out to the loan company and maybe you have to write him a check.
The loan company will sign the tittle and he will sign the tittle.
If you still don't understand go ask your bank how it should work
 

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Discussion Starter #9
I am an attorney and I couldn't give you better advice than did Tumpleweed in all respects. Lastly, the "courthouse" does not nor ever did keep or send out titles. While I don't know what state the bike is in, most likely the title originates from the secretary of state's office, but DO NOT give your hard earned money up for a bike without a title or even a promise of a title. With that said, some are not as good as others with legal transactions including keeping titles and in many states, you still have the title even with a bank lien, but you can not change the title until the lien is extinguished by the bank. So he will have to do that first or after he finds or orders a new title. Very good advice for you to just start looking for another bike and let him tend to the problem of getting a clean title for you. It well could be that he simply hasn't put all his ducks in a row in terms of being able to sell the bike, but again DO NOT give him any cash without a clear title. With that stated, I have to share the bike I just bought my grand son who will be 3 on the 14th of this month. Nice ride and clear title from Grandpa....
It seems from our new experience of living in the south the last couple years(originally from Illinois where our title work and licensing, registration is done at the DMV) their titling etc is done at their offices within the courthouse. It's not done at the DMV, so I knew what he meant when he said that. Otherwise, I would have thought the same thing....courthouse??

Gotta love the new ride your grandson has. thumb up and with a clean title ta boot!
 

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It seems from our new experience of living in the south the last couple years(originally from Illinois where our title work and licensing, registration is done at the DMV) their titling etc is done at their offices within the courthouse. It's not done at the DMV, so I knew what he meant when he said that. Otherwise, I would have thought the same thing....courthouse??

Gotta love the new ride your grandson has. thumb up and with a clean title ta boot!
Oh really. Wow, how does the rest of the state know about it? Learn something new every day. Thank you for the information. Yeah my grandson is going to be hard to get off his new ride. Will go great with the leather jacket I bought him for Christmas assuming the little dude still fits in it. Happy and safe riding to you Lluce.
 

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Lluce, I am also a TN resident (also have lived in VA and NC) and in all three of these states the lender keeps the title till it is paid off. There will be other Kingpins for sale, especially when riding season starts to wind down.
 

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I found a bike on CL. The guy was in Ark and had great pics and very good price. He would never answer my text. I finally sent one final text to let him know that I would have to move on if no response.

A week later her responded claiming that he had cell phone problems. I told him he was too late. I had found another one just like his.

If it smell like, s**t, probably is!
 

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I was told by a bank VP that in KY the title stays with the owner and not the lien holder. I purchased my bike from a man in KY but the title was still in OH. I had to wait for it to arrive (2 weeks) but was told that had it been previously transferred to KY I could have received it that day. I don't necessarily understand it but that was what I was told.
 

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If you get the VIN from the seller your local Police Department can run a VIN check to see if it is stolen or up for repo.
 

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Trust your gut and walk away from this. If the seller is honest he or she will make it right but it isn't your job as the buyer to do so.

Just my humble opinion. If it doesn't smell or sound right; walk away. There will be other bikes, maybe even better buys, but imagine how you would feel to give money to someone ripping you off.

One other option and thing to think of is to go through his bank. No way would any bank put their business on the line to placate a shady deal. Just sayin'.
 

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"Look, I like the bike but this title thing is a dealbreaker. I'm going to have to look at other rides."

"That's a shame. You would have been happy with it."

"Well, sweeten the pot. 'Make me a believer."

"Ummm, we had a deal."

"The deal was for a bike I could ride. That includes a title. No title is no deal."

I'm already selling it for less than I expected."

"No, you aren't selling it at all, at least not to me. Here, let's try this. I've put in all the time I'm going to over this. If you find the title and a better number you get ahold of me by this time next week. If I don't hear anything I'll consider this one history and you sell it to somebody that doesn't care about a clear title."
 

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Not sure how it works down in TN but in Ohio until I pay off the loan all I get a a Certificate of Title. That way I can buy plates. There is no paper title at the court house just an electronic version. Until the bank says its paid off and gives me a piece of paper stating so I cannot have a true title printed out. I am too distrusting to use Craigs list because of all the scammers.

If you do go and its legit I would not give him any money. Go to the creditor and pay them so they issue you the paper work to get the title.
 

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It varies by state who actually holds the physical title. In CT you don't get a title if you have a loan on the vehicle. The bank has it and send it to you when the loan is paid off. In MT you get the title and it's marked with the lien holder info. When the loan is paid off the bank sends you a lien release and you can either keep that along with your original title OR bring it to the DMV and pay $10 for a "duplicate" title to be issued without the lien on it. In terms of private or dealer sale a clean title or a title + lien release form is acceptable and the new owner will have no issues titling and registering the vehicle themselves with either set of documents.
 

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I go to the courthouse to do mine too.

I wouldn't walk away just because he doesn't have the title...yet. Don't buy it without the title but if this is the bike you want, the price is right then what's the harm in waiting a little bit to see how the paperwork comes out?

I wasn't getting red flags from what you posted. I see that he wasn't fully prepared to sell his bike. Happens a lot. I've sold a few vehicles and had no idea where my title was. The first motorcycle I bought, the guy wasn't prepared either. Took a while to find a title. In all situations, everything was legit. Sometimes we put things up for sale and figure on getting around to finding paperwork later. Sometimes later turns into even later.
 
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