Go Back   Two Wheel Fix > General > Off Topic

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 08-18-2010, 09:35 PM   #1
Porkchop
125GP Champion
 
Porkchop's Avatar
 
Join Date: Aug 2008
Location: Worthington, OH
Moto: Empty Garage
Posts: 3,418
Default Dealing with a lien?

So as some of you have seen, my friend is selling his bike. He got trapped in the whole Suzuki credit card thing, and is just treading water right now on the thing. I felt bad for him, so I decided to help him sell it. Well we have seen a couple lowball cash offers, but nothing that he is comfortable with. His balance left is about $4400, which is pretty ass backwards. He is pretty comfortable with paying about $400 to get rid of it. Today I had a guy email me about possibly transferring the lien to him. I'm not very versed in stuff like this. Isn't that technically impossible? Doesn't this guy have to go out and get his own loan, and bring us the cash? Or can the lien be transfered barring credit approval from suzuki financial? I know its probably a pretty stupid question, but I've never owned a vehicle bought on a loan.
__________________
*Coming soon?
2010 Ducati Monster 696 - Sold
1984 Honda VF500F - Sold
1999 Yamaha R6 - Sold
Porkchop is offline   Reply With Quote
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:02 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.