on a bike you were selling.. with decent down payment and a signed contract?.. just wondering if many people would do this cause its kind unorthodox when buying a used bike..

 

No. Tell them to get a loan through a bank. If the bank won't extend credit to the person there's a reason and you don't want to suffer because of it.

Also, except = accept

 

the only way i would accept payments is if I kept ownership of the bike until they had it paid in full. Otherwise they could really screw you on this one. Don't sign the title over or hand them the keys until its paid in full.

 

Even if you have a signed contract, it can still get very messy if something doesn't go right. When I bought my bike from a close friend I gave him half one week, then the other half next pay check and let him hold onto the bike. But even betweek good friends things can go sour real fast... for instance, what if you give him the bike and he wrecks it before it's paid off? I don't believe its worth the risk.

 

HELL NO!
Do not go down that road...that could get messy really quick.

 

not unless it was a VERY trusted friend!!!!!!!!! And I mean one thats like blood!!! Anyone else hell no!!!!!!!

 

Not worth the hassle, even if its family.

 

Very true in most cases I would agree, I have ONE friend I would trust to do that for tho.

 

Not a chance in hell. If they really want the bike we can write up a contract, they can make payments, and when they finish the last payment I hand over the title and keys.

If they default on the payments or decide that they don't want the bike anymore, they're out the $ they put down.

 

this is how i got my bike.

paid the guy $300 and wrote a very detailed contract to make sure he doesnt take my money. i payed him remainder of $2900 few weeks later and thats when he gave me the title to the bike with the keys.
i got the plates for it and asked him if he can get out of work early to open up the garage for the bike.
after getting 3k in his hand he was more than happy to do so.

if they want the bike they will wait for it till its payed of to get it.

make sure the vin number and both of your adresses are on the contract. and write down and sign every payment he gives you..