Nice bike

 

AWESOME! You ever take it off any sweet jumps?

 

Thanks guys hopefully i can get my plates this AM and ride around for a little while.

 

How is that title not "clear"?

 

The title still says that the original owner had a lein against the bike from where he bought it. Since that loan is paid off and he hasn't got a new title for it, he needs the lien release form so he can get a new title in his name.

 

That doesn't make any sense.

If you have a lien against something you bought; meaning a bank loaned you money to buy said item (like a car or motorcycle) you don't ever see the title until you pay off the debt. Then you get a free and clear title.


I can't see how you would get a hold of the title (or the bank would let you get a hold of it) when you still owed money on it.

 

not every bank, and not every state works the same way.

it doesn't matter if you have the title in hand or not, if it has a lein on it, you can't sell it (well, you can, but the guy you sell it to can't register it) without the paperwork stating that the lien has been withdrawn, and that's what he was talking about.

 

It doesn't work like this. The bank mails you the title once the vehicle is paid off. That title probably still says that the bank has a lien on it. That is where the release letter for the lien comes into play. You take that and the title stating that the vehicle has a lien on it to the DMV and re-title it with no liens.

 

read the first post, the bike doesn't have a va title. could work different out of state, which is what i was getting at.

 

As JDM said. Its probably different in NY. He got the original title when he paid for it. Just forgot to give me the form. You can do one of two things in NY, either pay DMV to get a new "clear" title or just give the seller the letter saying that the lien is satisfied.

All is well. Had it in my name now for almost a week. Ordered a TRE today