casanova1514

Hi everyone i am new here so cut me some slack


like tittle say's i need some advice and maybe direction on a situation i am in..


i have crappy credit from when i was a idiot.. now i am just a smart idiot .... anyways i have a aquantince whom is in a tight spot and needs to sell his bike ... can't afford payments any more..


we have agreed on a price and some what of terms of sale ... he is willing to leave it in his name for me to take over payments becuase of my credit issues we both have ppl who vouch for me and ppl who vouch for the bike and the quality of the machine... my question/concern is where do i find a legal fourm for us to sign, not some drawn up crappy one i want this to be legit as possible .. i have looked online for fourms but i just dont like them or they dont fit my needs/reqirements .....


any other things i should watch out for when it comes to these type of sales ?


thanks in advance

btw bike is a 03 r6 special edition with low miles

OrOr

It's not the best idea to do that. If you must, it's prob best to have a contract for title in place and make the payments directly to the loan holder.

It would be a better idea for you to save some cash and reestablish your credit. As you said, being an idiot got you into this mess in the first place... there's no reason to repeat the same mistakes.

casanova1514

lol thanks for the advice the underlyin issue is i spend 400 a month on gas if i got a bike and payment were 200-300 a month add gas to that and i am still saving money monthly i can actualy pay the bike off sooner than expected. i deff wanted to pay loan holder my self that was a no option aggrement.


btw i plan to have loan paid off by feb/march 09 income tax is gonna be so nice i could pay two bikes off but i cant wait till then i cant keep spending 400 a month on gas plus the wear and tear on my vechicle

JoeHoR1

http://www.flhsmv.gov/dmv/forms/BTR/82050.pdf

Then, you can add to or modify it as you please...

casanova1514

thanks thats helpful but i need a contract fourm thats just a bill of sale i will not be getting a tittle to the bike because there still is a lean on the bike... anyone with any other ideas or maybe even a law clerk or someone can draw up a proffesional looking contract with the aggremments between a buyer and seller printed in the contract.

SuburbanNoize

Draw up a contract stating the exact terms of payment, make sure to include what will be done if payments are not made, and get it notarized. Theres tons of places that will notarize something.

squid00

i would walk way from these. it doesnt sound right.

???

I don't see how people can think bikes are cheaper to ride as dailys than cars. you need new tires every 3000 miles and oil change which cost twice or three times as much as a car's. every 1000 or so miles. throw in chains plus its hot as fuck, rains on you and people try to kill you.


your better off buying a 500$ car on CL then save your cash for a bike as a toy.

BAMF

Your age is peaking through, old man.


But yeah, agree 100%. Get a cheap car. Bikes should be toys, not a primary means of transportation.

squid00

in before fauro posts...