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Buying a used bike from a private party.

Discussion in 'Moto Club' started by jim123, Mar 3, 2008.

  1. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    I'm going to look at a used bike. The person says the title is not in his name but has been signed by the previous owner. Said its an "open title".
    Is there any risks in buying a bike this way? I'm used to seeing the title in the sellers name and they sign it over to me when I take the vehicle. I'd hate to give up the $ and not be able to get plates, etc.
     
  2. J.R. Bob Dobbs

    J.R. Bob Dobbs Nerd

    1,348
    117
    Oct 3, 2000
    McGaheysville, VA
    I don't know what "open title" means. The only reason I can think of, not to have a title, is if it's been financed and not paid-off. OR..... where I live an old vehicle (20+yrs?) often does not have a title, and the motor vehicle department will not issue one.
     


  3. ddc

    ddc

    101
    0
    Feb 12, 2005
    An "open title"? That may be ok but my gut reaction is walk away. At least I'd check with your state motor vehicle department.

    Personally, I would be very careful about buying from someone who didn't own the bike free and clear and had the title to prove it.

    I guess I'd consider buying the right bike from the right person if their bank still owned the bike but I'd have to be getting very positive vibes about the whole deal... and it seems like there would be an extra level of hassle to make the transaction work and still be protected.
     
  4. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    The title is signed by the person who owned the bike before this guy who is selling it. He said he never signed where the new owner would and thats where I would sign the title. I don't know how much time has passed since this guy got the bike.The bike is 25 years old and needs some work but supposedly its in nice condition and I'm hoping to get it real cheap, $500 or so because its old and needs work and nobody likes standard bikes from the early 80's.
     
  5. aaronrkelly

    aaronrkelly

    954
    31
    Feb 27, 2005
    I DO!!!

    In Iowa the situation you describe is fairly common. The guy just never got around to going to the courthouse....not a biggie. Your state MAY be different but a quick call to the correct dept would get you answers.

    Love Jap standard bikes.....this one was my first bike and is till on of my favorites, rode it a little today. Set all winter and fired right up.

    [​IMG]

    1980 Kawasaki KZ1000 - paid $900 for this in good running condition. Added tires and some small maintenance repairs.
     
  6. G19Tony

    G19Tony Sneet CLM

    7,338
    3,217
    Mar 7, 2005
    Las Vegas, NV
    I got beat on a 1972 CB350F. Guy got me by $10.00. That would have been a cool bike to have. I'm still looking for the older bikes.
     
  7. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    Thanks for the help. I got the bike the other day for $500. 1982 Maxim 650 with 5800 miles, new battery, black, no rust or pitts on the chrome anywhere. Needs carbs cleaned but runs with the choke on. Looks nearly new after I dusted it off.
     
  8. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    [​IMG]

    Here it is a few hours after I got it home. It would only sputter and pop on the starter when I bought it.
     
  9. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    I bet that bike sounds great and is a blast to ride. I remember those from when I was a kid.:wavey:
     
  10. aaronrkelly

    aaronrkelly

    954
    31
    Feb 27, 2005
    It is a blast to ride....it was my first bike and since then I have bought others but I still cant bring myself to get rid of it.

    Its a little on the loud side but since its not my daily rider I dont mind. Its got a Kerker 4 into 1 and someone (not me) took the baffles out of it. Sounds good but not when Im coming home at 6AM in the morning.
     
  11. Bullwinkle J Moose

    Bullwinkle J Moose Quick! Duck!

    893
    36
    Mar 1, 2001
    SC
    Watching your vid made me want to ride. My second bike was an 82 XS650SJ Heritage Special.
     
  12. windplex

    windplex

    9,131
    1
    Aug 2, 2005
    Milwaukee
    How will you know that the prior owner signed the title?

    How can you tell if it was forged after a theft?

    So this seller;s name will not appear anywhere on the sales transaction -- that would concern me.

    Skip it.
     
  13. jim123

    jim123

    375
    55
    Aug 17, 2004
    chicago
    Got the title in the mail today. So far so good.
     
  14. fnfalman

    fnfalman Chicks Dig It

    50,522
    3,280
    Oct 23, 2000
    California & New Mexico, US
    Not only someone took the baffle out but also drilled the holes around the can too. No wonder it's loud. But the hell with it, I'd bet it's sweet anyway.

    The red looks just right with that bike. If it were mine, I'd slap on a bikini fairing, clip-ons and rear set to make it into a cafe racer.