Spec-ECU
required protocol
- Joined
- May 30, 2006
- Location
- San Lorenzo
- Moto(s)
- 09 Yamaha R1
- Name
- Dennis
- BARF perks
- SBK Slut / AMA #3287659
Hello, I'm trying to get some kind of assurance for a transaction I want to get into.
Basically, I'm eyeing to buy a bike. Seller has all the paper-trail for it, and by that I mean the title, bill-of-sale, incomplete application/registration receipt. Timeline is this:
It still stands that DMV needs the CHP Inspection Certificate (CHP97C), which is fine, because I've called the Salvage Inspection Program and got an appointment to have the inspection done in May, but the Program told me that all DMV fees have to be paid in full PRIOR to the inspection, or the bike will fail the inspection.
Herein lies the apprehension.
Like I wrote, I was willing to take on the DMV fees since the seller is compensating for it with his asking price for the bike. However, I was willing under the pretense that the bike would've already passed all the necessary inspections and is ready to be road-legal BEFORE I paid for the fees. Let's just say that the seller can't afford to pay the current DMV fees at this point, so it's not an option for him to pay it. I can afford to pay it right now, but I've expressed to the seller that in trying to protect myself, I don't want to be out the hundreds of dollars in fees, and possibly be out a potential bike to own.
I imagine the CHP Inspection is mainly to make sure the bike, or its prominent parts are not stolen. So what is the worst-case scenario? They find that something is terribly wrong and they impound or hold onto the bike? Is this a likely scenario? This is where my apprehension is in.
For the record, the VIN and engine number matches the title and the incomplete registration receipt from DMV. I've also looked at the paper-trail and they all check out to me to the best of my knowledge (I've had my fair share of buying and selling bikes). Seller is confident it will clear, but fortunately understands my concerns, and I've never had the slightest inkling of a feeling that this could be a shady deal. I'm just really trying to get a close to clear assurance before I drop the money to DMV to help the seller sell me the bike, as this is the first time I've had to buy a salvage titled bike that has not finished its registration since being issued the salvage certificate.
Basically, I'm eyeing to buy a bike. Seller has all the paper-trail for it, and by that I mean the title, bill-of-sale, incomplete application/registration receipt. Timeline is this:
- Bike was sold from a salvage yard to buyer 1, title included (salvaged from a total).
- Buyer 1 never got to transfer the title to his name, and sold it to his good buddy buyer 2 with a Bill of Sale and the title from salvage yard.
- Buyer 2 finishes getting the bike riding again, goes to DMV to register and transfer the title, paid the fees then but was told by DMV that it needs a CHP inspection and Brake/Light Adjustment Certificate to get its license plate.
- Buyer 2 never got around to it for personal reasons, so it's three years now since, and he's now looking to unload the bike.
- I'm buyer 3 and I'm willing to take on the DMV fees that's accumulated since 2006/2007 and help the seller finish the DMV requirements for it to be issued its license plate.
It still stands that DMV needs the CHP Inspection Certificate (CHP97C), which is fine, because I've called the Salvage Inspection Program and got an appointment to have the inspection done in May, but the Program told me that all DMV fees have to be paid in full PRIOR to the inspection, or the bike will fail the inspection.
Herein lies the apprehension.
Like I wrote, I was willing to take on the DMV fees since the seller is compensating for it with his asking price for the bike. However, I was willing under the pretense that the bike would've already passed all the necessary inspections and is ready to be road-legal BEFORE I paid for the fees. Let's just say that the seller can't afford to pay the current DMV fees at this point, so it's not an option for him to pay it. I can afford to pay it right now, but I've expressed to the seller that in trying to protect myself, I don't want to be out the hundreds of dollars in fees, and possibly be out a potential bike to own.
I imagine the CHP Inspection is mainly to make sure the bike, or its prominent parts are not stolen. So what is the worst-case scenario? They find that something is terribly wrong and they impound or hold onto the bike? Is this a likely scenario? This is where my apprehension is in.
For the record, the VIN and engine number matches the title and the incomplete registration receipt from DMV. I've also looked at the paper-trail and they all check out to me to the best of my knowledge (I've had my fair share of buying and selling bikes). Seller is confident it will clear, but fortunately understands my concerns, and I've never had the slightest inkling of a feeling that this could be a shady deal. I'm just really trying to get a close to clear assurance before I drop the money to DMV to help the seller sell me the bike, as this is the first time I've had to buy a salvage titled bike that has not finished its registration since being issued the salvage certificate.