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Used Motorcycle Title and Paperwork
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The VIN number on the bike should match the VIN on the motorcycle title. Make sure the seller has the actual title on hand when you inspect the bike. If not, do not pay out any money. The VIN can usually be located on the steering head, near it or on one of the frame spars. If the number looks scratched off or altered, the motorcycle may have been stolen. In this case report the number to the police for verification of registry. Check the motorcycle's title and have it signed over to you. There should no liens on the motorcycle, if there were they should have been released by proof of signatures on the front of the title. Faulty odometers mean the price of the motorcycle should be significantly reduced from it's blue book value. Occasionally the DMV will require a "bill of sale", indicating the price paid for the motorcycle, the VIN, the date, the names involved, and the seller's signature. To avoid having to track the seller down in the future, bring some blank paper and write a bill of sale. You might be tempted to write up a bill of sale for a small amount of money, say $200 so you won't have to pay as much sales tax. There are three reasons why you shouldn't waste your time with this: 1) It's fraud. 2) If the motorcycle is totaled or stolen, your insurance company may only reimburse what you claimed to pay for the bike- so be honest. 3) The state may just go by the blue book value and ignore the bill of sale if it seems too low. · Buying a used motorcycle is always a gamble, but you'll make a better choice with more information. Call the local DMV or police department, and give them the VIN, and have them check the motorcycle's title status. You may be able to get the motorcycle's whole title history: a record of each time the bike changed owners, including the date and current mileage at each point, or whether the motorcycle is reported stolen. It is not unreasonable for the seller to insist on keeping the license plate, because sometimes an insurance company will require it to cancel coverage on the bike. · Since laws vary from country to country, you may need to do extra research to discover if the bike has any liens. In some countries, such as Canada, the DMV does not require liens to be on the title. Paperwork can be a headache to sort through, but when it's done right you have nothing to worry about. You can find out a lot about a used motorcycle simply by checking up on its title and background. Laws do vary by region, so do as much research as possible before purchasing a used motorcycle.
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