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I am really excited today. After about a month of searching, I finally found the right bike, in a reasonable location, for the right price. On top of that, the seller seems pretty respectable which is more than I can say for many I have called. It is a 1998 Kawasaki ZX7R (green), 10,500 miles, one lifetime owner, close to cosmetically perfect, new 207 tires, and Muzzy Stage 1 Jet kit and full exhaust. The agreed upon price was $5800 pending inspection, which I thought was defnitely within reason.

I plan on meeting the seller to pick up the bike in 2 weeks which brings me to my question. He was the only owner and the bike is fully paid for. How do I do the title transfer? What exactly do I need to sign or get him to sign? Can I do this on a Sunday or do I need a Notary? Anything else I need to do like a Bill of Sale? Please help me out with this since I want to do it right the first time and I don't want to have any problems. Thanks so much.

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I can only speak for Arizona procedures, but heres what we do here:

The seller must get the back of the Title Notarized and he must sign the title over to you on the back. All you do is sign and fill in your name (on the back) and bring it to the MVD/DMV with any fees (depends on state) to have them then transfer the title of ownership over to you officially.

Thats It!!! (the worst part is waiting at the MVD for hours... that may not be a problem in Bayou land, but it sure sucks here in Phoenix!!)

A "reciept", or "bill of sale" fom the seller is not required, but it *is* very advisable.


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Fear Oil.
 

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GreenNinjaMan is right on the money w/his advice. Proceedure vary slightly from state to state, but not all that much. Does the bike have any factory warranty left on it? If so, make sure you get a bill of sale from this guy; most dealers will try any way possible to screw you out of getting your bike serviced under warranty. Even if the title is in your name, they'll give you BS about "not being the original owner" and stuff. Having a bill of sale is very important.

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Cosmo
"You have some options to choose from: You can lead, you can follow, or you can get out of the way!"
 

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Discussion Starter #4
I don't think the bike is still under warranty but I will find out today. Can I have the seller take the title to a Notary in his state before the exchange since we can't go together because our meeting is going to be on a weekend? Can he get a Bill of Sale at the Notary? Can he write the Bill of Sale for less than the actuall selling price?

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<BLOCKQUOTE><font size="1" face="Arial, Helvetica, sans-serif">quote:</font><HR>Originally posted by Smokin' Joe:
Can I have the seller take the title to a Notary in his state before the exchange since we can't go together because our meeting is going to be on a weekend?
<HR></BLOCKQUOTE>

Yes.

<BLOCKQUOTE><font size="1" face="Arial, Helvetica, sans-serif">quote:</font><HR>Originally posted by Smokin' Joe:
Can he get a Bill of Sale at the Notary?
<HR></BLOCKQUOTE>

He can do his own "bill of sale", hand written or typed and dated/signed, referencing year, make, model, and serial no.

<BLOCKQUOTE><font size="1" face="Arial, Helvetica, sans-serif">quote:</font><HR>Originally posted by Smokin' Joe:
Can he write the Bill of Sale for less than the actuall selling price?
<HR></BLOCKQUOTE>

Yes, if he's a nice guy.

Oh, and congrats on getting the bike!!!


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Pete
"Four wheels move the body, two wheels move the soul."

[This message has been edited by Pete (edited October 13, 2000).]
 

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Discussion Starter #6
OK thanks so much so far guys. 2 more questions.

1. If he does the Bill of Sale himself, does he have to get that Notarized too?

2. It obviously benefits me in taxes for him to write the Bill of Sale for less than actuall sale. Does this negatively affect him or me in ANY way? If not, how low can he write it for?


Thats all the qusetions. Thanks again.

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I always do the bill of sale thing- it's good to keep for your records, even if you don't need it for Motor Vehicles (we need a bill of sale for titling in MD). I've never had to get the bill of sale notarized, just the title. I *do* get a friend to witness the sale, and sign the bill of sale as well.
I don't think writing the amount for less than you bought it affects you negatively. I've done it before. You may have a problem if it's *obviously* (like a 2yr. old bike for $500) lower than wholesale value, but a couple hundred bucks or so lower, I don't see a problem.
Congratulations....and good luck with the bike.

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Hey POSER!

I don't know anything about NEUTERIZING your bill of sale ;) :D But I just wanted to congratulate you on the purchase of the #1 poser bike in the world!!! Most chicks don't know what a cbrf3/f4, yzfr1 is ... But when you say NINJA oh ya!!! That's All you gotta say bro NINJA!!

POSE HARD!!


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If somebody sounds as though they might know more than you, talk more and louder.

Adam

[This message has been edited by Squidwannabe (edited October 13, 2000).]
 

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squid,

You're just jealous cuz we get the chicks and the championships!!! One day you might have the priveledge of having one! Say hi when you catch up to us.

MUHAHAHAHA!!!

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95% of Harley Davidsons are still on the road today,
5% actually made it home!

Bryon Hart
Ocala, Fl
95 ZX-7
 

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P.S. Ya know I'm kiddin!


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95% of Harley Davidsons are still on the road today,
5% actually made it home!

Bryon Hart
Ocala, Fl
95 ZX-7
 
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Hey Wolfman,

You think I'm stupid ! I am a poser I just wannabe a Squid :D ;) Why do you think I bought a ninja ?? The status....

The day I got my bike I went to the bank to withdrawl money ... I talked to 2 different cashiers who wanted me to take them for a ride !! Its true! Its true!

Oh if you don't drive a ninja and you have lets say a .... uh ... suz Bandit 600 .. Go buy Ninja stickers!! Put them everywhere!! You can fool a lot of chicks that way !!
My friend did it to his '83 cbx250 ! :D




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If somebody sounds as though they might know more than you, talk more and louder.

Adam
 

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It's gettin deep!!!

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Joe
1999 Kawasaki Ninja ZX-6R, 4,100 miles, Vance and Hines Titanium slip on, synthetics, more to come soon!!!


1988 Mustang GT
www.joe4speed.com
 

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Joe,
Call your DMV and ask them what you're going to need to get the title transferred into your name. In OK you don't have to have the title notorized nor do you need a bill of sale. Our taxes are done on the original price of the bike and not what you bought it for. They should be able to tell you how much you will have to pay for Taxes and transfer. If this guy lives a long way off it would be in your best interest to know For Sure what you're going to need before you buy the bike.

Congrats on the ZX7, I'm thinking my next project bike is going to be a mid-'90s ZX-7, let us know how you like it.

Later,
Eric

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Louisiana requires a Notorized Bill of Sale for the transaction to take place. Go to your bank and ask for a notary public and he/she should have the necessary documentation to make it legal.

Xert
Nawlins state of mind.

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