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salvage / rebuilt title

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arveno:
Is there anyone here that have ever bought a motorcycle with a rebuilt title ?
If you could go back , will you do it again ?

I have found a motorcycle with a rebuilt title , the bike is completely stock , start and ride as it should , everything works. ( the PO fixed it all up )
I did some search on the DMV website and it looks like the next step will be fill up a some paperworks , take the bike to be inspected , fill up some more paperworks and withing 4 to 6 weeks title will be issued .

Moneywise talking it looks like it will be around 400/500 bucks total .( inspection fee plus title fee plus registration and taxes )

Advice?
what am i getting myself into ?

Thanks a lot
Marco

Matteo:
Plus side is low price
Negative is low resale
Are you a rider or investor?

rodekyll:
If you buy the bike and go for title, any problems with the providence of parts or paperwork is on YOU.  For example, if the VIN comes back stolen during the inspection, you give the bike back to the legal owner, lose your $$$$ and possibly face legal action for receiving stolen property.  There are certainly other scenarios.

Check you state's rules to see if you can put a salvage title back on the street.

Bottom line -- I'd make the PO generate the current bona-fides and inspections before committing to a purchase.  Otherwise you might have a complete, running parts bike that you can't sell the pieces off of (which might be where the PO is right now).

$0.02, ymmv, say hi to mom.

arveno:

--- Quote from: MMNorth on January 30, 2015, 03:29:56 PM ---Plus side is low price
Negative is low resale
Are you a rider or investor?

--- End quote ---

It's cali carbed bike , want to used it to build my own motorcycle , will keep it forever. ( right now it's bone stock )

arveno:

--- Quote from: rodekyll on January 30, 2015, 03:51:49 PM ---If you buy the bike and go for title, any problems with the providence of parts or paperwork is on YOU.  For example, if the VIN comes back stolen during the inspection, you give the bike back to the legal owner, lose your $$$$ and possibly face legal action for receiving stolen property.  There are certainly other scenarios.

Check you state's rules to see if you can put a salvage title back on the street.

Bottom line -- I'd make the PO generate the current bona-fides and inspections before committing to a purchase.  Otherwise you might have a complete, running parts bike that you can't sell the pieces off of (which might be where the PO is right now).

$0.02, ymmv, say hi to mom.

--- End quote ---


mmhh did not think about it , good point .
thanks

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