Question about selling 2006 wr450
1 reply to this topic
Posted September 21, 2006 - 05:32 PM
Any of you guys have experience selling a bike that you financed? How does that work or will it work? Any help would be greatly appreciated. Thank you.
Posted September 21, 2006 - 07:12 PM
I did. I made it clear when selling that I still owed on the bike. The buyer understood and we wrote up a contract. Upon the sale of the bike the necessary funds would go to the finance company and as soon as the title was received I signed it over, filled out the release of liability and sent it certified mail to the buyer. It worked out fine. As soon as I received the initial payment for the bike and the funds cleared the bike was available for pickup.