Registration???
#23
11-07-2008, 02:39 PM
I have to figure something out, I just couldn't pass up a deal like this I'm doing like $200 worth of work on this guys car for the bike and its an 06 with only 760 miles. and no its not stolen its just a really weird situation the guys grandfather is the original owner and lost his house in Nebraska due to illness so he moved here but during the move he lost the paper work then after being here for a little over a year he passed at the beginning of 07 and the bike just sat until it was stolen by a neighbor and when the kid seen the bike down the street in a garage he agreed not to call the cops in return he got the bike and $500 back but he got a bike back with no #'s. So now I need to figure out what to do with it.
Grandpa could sell you the bike for $1, all he has to do is sign it. Usually it's not a problem if you just sign it for him. But him being deceased might raise some problems. I doubt it will because the DMV probably doesn't know he's dead.
Tell them the original owner is deceased, the plates were stolen, and the owner's next of kin would like to sell you the bike for $1.
Tell the truth. Except for it being stolen briefly. Don't mention that. Unless it was reported stolen, then you might have a problem later on if you want to sell it again.
The situation isn't unusual. People sell off their dead parent's stuff all the time. Just make sure he sells it for $1 so you only have to pay 8 cents tax or whatever the rate is in your state.
#24
11-07-2008, 02:47 PM
Join Date: May 2006
Location: Pittsburgh, PA
Posts: 12,584
When i bought my honda we told the notary that i only paid 100$ for it, he made us fill out a seperat piece of paper because it was being sold for 100$ or less... what kinda crap is that....
#26
11-07-2008, 03:02 PM
#27
11-07-2008, 03:15 PM
Here, If I buy a bike that's worth 5 thousand, and I give them proof I paid 1000 for it, they make you pay tax on 5000 bucks.. Too many people claiming they paid way less than they actually did I guess.
#29
11-07-2008, 04:34 PM
The point is that Nova didn't Steal it and the rightful owner got it back. Now the bike is legit so it should be streetable without a hassle.