Advice on selling motorcycles for a widow of a friend.

[screamday]

Hi Rob

Sorry about your buddy.

Here in Kanuckistan a lot of loans/mortgages are insured - as in Life Insurance.  She may already own the bikes free & clear.

I would sell NOTHING until the will (there is a will, right?) is executed and probate is closed - that may take some time.

Good luck and again, condolences to the widow.

G

I was thinking the same thing about insurance. The last couple of car loans I had (and it's been a while) I had a life insurance policy that paid off the loan if anything happened to me OR my wife. Hopefully she has the same type of insurance. I agree with holding off until the dust settles a bit.

[radguzzi]

Geoff and screamday,
Right, I too asked that very question and oddly enough there was not insurance on the loan...  I found that odd.

I am going to encourage her to move slowly here and hopefully this will turn out well.

I also wish I had a need for the Low Rider, what a looker.

Rob

[John Ulrich]

Right, I too asked that very question and oddly enough there was not insurance on the loan...  I found that odd.

Not odd at all.  Financed insurance is higher priced then buying a term policy.  Many people reject the saleman's push for "slip & trip" as it's called. 

[Sportsterleroy]

Geoff and screamday,
Right, I too asked that very question and oddly enough there was not insurance on the loan...  I found that odd.

I am going to encourage her to move slowly here and hopefully this will turn out well.

I also wish I had a need for the Low Rider, what a looker.

Rob

 most vehicle loans are not available to a person who is 70 yrs old before term of the loan would end. He might have not qualified.


Leroy in Cleveland

[radguzzi]

most vehicle loans are not available to a person who is 70 yrs old before term of the loan would end. He might have not qualified.


Leroy in Cleveland

Interesting...  Steve was only sixty, possibly fifty-nine, I do not know his birthday.  So I am not certain what the circumstances were there. 

Anyway I will pick up the HDs tomorrow and bring them home to advertise them for sale.  If they sat in Lori's garage they may never get sold...

Thanks,
Rob

[Sportsterleroy]

Interesting...  Steve was only sixty, possibly fifty-nine, I do not know his birthday.  So I am not certain what the circumstances were there. 

Anyway I will pick up the HDs tomorrow and bring them home to advertise them for sale.  If they sat in Lori's garage they may never get sold...

Thanks,
Rob

 Not always will the Finance person will try to sell insurance on loans, might not get paid to do it ,  Ask if he had Harley extended warrenty on either bikes when he bought them.  They can be transfered for a fee to new owner, increasing the bikes value during sale , or canceled for refund.

Leroy in Cleveland