Check your state regulations and see what happens if you buy something
without a title. In Washington it is no big deal. They run the VIN and
check to make sure it does not come up stolen, then they let you register
it. After being the registered owner for 3 years you can apply for a title.
That's what happened to me. I've had it well over 3 years now and haven't
bothered getting a title for it yet. The only reason I would need a title
is if I were to sell it, and I can get one then. For now I just send in my
registration fee every year and everything is cool.
damon
From: Steve Parker <[EMAIL PROTECTED]>
Reply-To: ElectricMotorcycles <[email protected]>
To: ElectricMotorcycles <[email protected]>
Subject: Re: [ElectricMotorcycles] Obtaining a title for an abandoned bike
Date: Fri, 16 Feb 2007 13:51:34 -0600
Yeah I think you're right.
I'm just getting antsy looking for the right bike.
Better wait than sorry. ;)
Parker
On 2/16/07 10:37 AM, "Jeff Blamey" <[EMAIL PROTECTED]> wrote:
> Hi Steve
>
> I found my donor bike on ebay and it was located locally, south of
Denver at
> Steeles Cycles. I paid $799 for the bike and ran a trailer down to pick
it up.
> The titling/registration took 20 minutes and there was no hassle with
having
> to see the VIN as the sale was from a dealer. The bike had 21K and is in
very
> good condition, paint pretty awesome seeing as it is more than 20 years
old,
> and this has new Bridgestone tires as well. The motor spins but I think
it is
> good enough to ebay for some VF500 owner needing an engine to rebuild,
the
> starter and alternator, and ignition can all be parted out, so if I can
get a
> couple hundred my donor cost will be down to $600.
>
> For what is is worth you may be opening the can as you try to locate the
> previous owner to free up the title on the abandoned bike, and "title"
> companies assurances aside I would avoid that.
>
> What you might want to do is locate a local bike salvage company and
tell them
> you want a complete bike before they start stripping it and with a
title. Your
> local cycle shops might also be a source. Frankly if faced with $800 to
flip
> the bike they may find you a cherry old bike. My time was worth not
having to
> find missing parts.
>
> Jeff
>
>
>
> -----Original Message-----
>> From: Steve Parker <[EMAIL PROTECTED]>
>> Sent: Feb 16, 2007 11:04 AM
>> To: ElectricMotorcycles <[email protected]>
>> Subject: [ElectricMotorcycles] Obtaining a title for an abandoned bike
>>
>> I've come a cross a 1993 Kawasaki EX 500A abandoned in a storage
warehouse.
>> If I buy this, how hard would it be to title the bike?
>> Looks like it could be a good candidate for conversion.
>> But would I just be opening a can of worms?
>>
>> BTW I'm in Illinois, the bike is in Indiana.
>> --
>> [EMAIL PROTECTED]
>>
>> Steven Parker
>> Video Production Specialist
>> ITCS/ACES
>> 69A Mumford Hall, MC-710
>> University of Illinois
>> Urbana, IL 61801
>>
>> "I absolutely refuse to be anonymous.
>> Don't use handles. Use your real name.
>> Have the conviction to identify your ideas."
>>
>>
>>
>>
>>
>
>
_________________________________________________________________
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simple tips.
http://articles.moneycentral.msn.com/Taxes/PreparationTips/PreparationTips.aspx?icid=HMFebtagline
