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If you purchase a motorcycle through a delaership and get a loan from a bank then pay off the loan with a balance transfer to your own credit card bc the is less-who gets the title?
You get the title
How do you sell a motorcycle that you purchased on your credit card?
It depends on who holds the certificate of title on the motorcycle.If you hold the title, and it is in your name, and there are no lien holders listed on the title. then you could sell the motorcycle at any time you would like. On the other hand if the credit card company holds the title then you would have to pay off the balance owed on the motorcycle to the credit card company, they would then release the title to you, at which time you could sell the motorcycle.
How can you sell your motorcycle if you still owe on it?
Sure. To transfer title, pay the lender and the lender will sign off, then whatever is left from the sale, you get to keep.
What if I never received the title to my motorcycle because I filed bankruptcy and didn't pay the motorcyle off but the lien holder didn't come get the motorcycle.?
The motocycle is not yours. You must write to the lien holder and ask them if they have any ojection to you disposing of it.
Can you trade in a '03 motorcycle that you still owe money on?
Yes, the amount of money that you owe on the motorcycle will be added on to the amount you are borrowing on whatever vehicle you are buying. They will then pay off the title since you owe that money anyhow for the new vehicle.
Do you have to pay taxes when selling a motorcycle?
You don't have to pay taxes when selling a motorcycle, but the buyer has to pay taxes when he goes to the title agency. Some people say the vehicle is a gift so they can avoid paying tax.
How do you buy a motorcycle in Connecticut and then title it in Pennsylvania?
To buy a motorcycle in Connecticut, first, choose your motorcycle and negotiate the purchase. After completing the sale, ensure you receive the title and bill of sale from the seller. Next, to title the motorcycle in Pennsylvania, you must visit your local Pennsylvania Department of Transportation (PennDOT) office with the Connecticut title, bill of sale, and proof of identification, and pay any required taxes and fees. Complete the necessary forms to obtain a Pennsylvania title and registration for your motorcycle.
How can I legally sell a motorcycle with a lien on it?
To legally sell a motorcycle with a lien on it, you will need to pay off the lien first. Once the lien is cleared, you can transfer the title to the new owner. It is important to follow the proper procedures to ensure a smooth and legal sale.
How should i Buy used motorcycle from individual who still owes the bank?
Depends on how much they owe on the bike and if the price of the bike includes pay off to their bank and you get the title. If there is a lean holder on the bike and after you buy it you don't get a title then no I would not buy the bike.
Is it safe for me to pay off in cashier check the private sellers loan do the transfer of ownership forms and wait for title to arrive to me after their loan clears?
No. Dont ever pay for a vehicle without having a title. If they owe money on it, they need to pay it off and get the title before you give them any money. If it is a local lienholder, offer to go with them to pay it off to make sure you are going to get the title and make sure the lienholder understands that the title will need to be signed over to you if you decide to pay it off while you are there. Get something in writing from the lienholder that the title will be sent to you if the title isn't readily available to be picked up at that moment.
How much is a motorcycle payment monthly?
There is no set motorcycle payment. It can vary greatly depending on amount you have to borrow and length of time you are going to take to pay it off.
How do you write a trade-in authorization letter to get your car title when you pay off your loan?
The dealership should have a trade-in authorization letter so you can get the car title when you pay off your loan. If not, you would just write that you are giving permission to get the title for a trade in.
