I still owe like $10,000 on my spyder. But I may be interested in selling it to gpthree on this forum. Now he was approved by his credit union for a motorcycle loan. So how would we go about doing it. I would assume that his bank would just pay my loan off and then his bank would be the lien holder on the title. But how does he go about getting tags and registration for it if we can't bring a title to an auto tag place??
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How Does Selling A Spyder that's not paid off yet work??
- Thread starter ImpalexSS
- Start date
SpyderWolf
New member
That is the way it usually works. He will receive paperwork from his credit union showing them as the lienholder and him as the owner. He will be able to register it with that paperwork without any problems.
Sorry to hear you were not able to win your wife over on your secret purchase.
:agree:Thats the way it's done.
Tough lost for impalexSS.
Good deal for gpdthree.:thumbup:
chillirider
New member
I'm going through it right now. My bank which I took out the loan with paid his loan off and his bank is sending me the title directly. I can't register it until I get it because Ohio requires the actual title to register it. I'm from PA originally and I know they require the actual title too. When I retired from the Navy and moved from Va to Pa to get all my vehicles registered in Pa I had to have my bank send me the actual title to take to get plates. What a pain in the butt!! My Spyder is still sitting paitently in my garage until I get the title which his bank says can take up to 30 days!! I won't lie though we have rode it around our neighborhood though! SHHHH
SpyderWolf
New member
If you have the bill of sale for it, you should just make up a paper plate that says "Tags Applied For" or something like that.
Just don't speed. :roflblack:
chillirider
New member
LOL, I haven't seen those Tags applied for signs since I left South Carolina. Cops would laugh at you here if you did that. I'm sure i could have got a temp but with work and all I didn't feel like waiting at the BMV. It shouldn't be long now!
SpyderWolf
New member
They got rid of those down here as well. Now you get a plastic dealer tag that has an expiration date on it that is about 45 days after your purchase. Oh well, no sense in longing for the good old days. :roflblack:
My dealer had a 'paper' tag on the back of mine when I drove it off saying tags applied for. I also had my signed documentation showing that they were sending in for the tags too in case I got pulled over. I didn't though, so it worked.
:agree:Thats the way it's done.
Tough lost for impalexSS.
Well nothing has been finalized yet, so we'll see.
chillirider
New member
My Title came today!!! I should be street legal Friday!!!!!!!!:2thumbs:
SpyderWolf
New member
:congrats:
The dealer tags are one thing, and easy to get away with as they are legal. The signs we are talking about were handwritten on a piece of cardboard, usually of the plain old cardboard box type.
