Author Topic: 74 disk loop, Greensboro, CL, buried with DB's, $4k  (Read 6480 times)

Offline chuck peterson

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Offline Antietam Classic Cycle

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #1 on: August 29, 2016, 08:40:02 AM »
"Missing" title may scare off many potential buyers.
Charlie

Offline Lannis

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #2 on: August 29, 2016, 10:04:21 AM »
"Missing" title may scare off many potential buyers.

It would scare me off, since if you're the legitimate owner, getting a new title is easy and cheap.  But the seller isn't doing that.

Like the ad that says "Not running now, just needs battery to run".   Almost never true when you show up ....

Lannis
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Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #3 on: August 29, 2016, 01:07:41 PM »
It does look like a gem under all that crap.  Late model police with the rectangular tail light.
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Offline JoeW

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #4 on: August 29, 2016, 01:14:50 PM »
It's on Ebay too...
http://www.ebay.com/itm/191956328946?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT

It's odd that on ebay it states the title is "clear" does that mean it's invisible?
« Last Edit: August 29, 2016, 01:19:16 PM by JoeW »
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Offline normzone

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #5 on: August 29, 2016, 01:47:57 PM »
No, just transparent, as opposed to translucent.
That's the combustion chamber of the turbo shaft. It is supposed to be on fire. You just don't usually see it but the case and fairing fell off.

Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #6 on: August 29, 2016, 02:03:18 PM »
No, just transparent, as opposed to translucent.

I sent the seller a question about the title.  I'll post here when I get a response.
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #7 on: August 29, 2016, 02:11:00 PM »
Before the discussion goes sideways below is the regs. for titling in NC.  Possible the bike never had a NC title.  Which according to the current owner, the PO had a CA title.  Possible, he never transferred it to NC in his name.  So current owner never transferred it into his name in the same of NC.  At his asking price for parts is too much.  If he settles the title issue then it could be worth more. 

Buying it without a title then taking it to your state for titling would be the puzzle that the buyer would need to solve. 

https://www.ncdot.gov/dmv/vehicle/title/
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Offline Lannis

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #8 on: August 29, 2016, 02:16:41 PM »
Before the discussion goes sideways below is the regs. for titling in NC.  Possible the bike never had a NC title.  Which according to the current owner, the PO had a CA title.  Possible, he never transferred it to NC in his name.   

And there's one more "possible" to add to the list when a bike doesn't have a title!

Me, I'd rather not take the chance.   If the bike's legit, there's no reason in the world why the owner shouldn't just mosey down to the DMV and get a title before he sells it .... Some buyers may choose to take a chance in order to get what they consider a "deal" on a bike, and that's fine, like going around around a blind mountain corner faster than you can stop if something's in the road.   Personal choice; but I'm done with those sorts of buyer's risks!

Lannis
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Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #9 on: August 29, 2016, 02:22:12 PM »
Get a Bill of Sale from the seller and register it in VT.  Take the VT registration to your state and get a title.  Or, ride it with a VT plate and renew every year with them.
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #10 on: August 29, 2016, 02:24:25 PM »
 :1:  Lannis.  One of the things that I did notice is that NC is a state that requires a notarized signature when the bike is sold and the title is to be transferred.  So that booby trap is waiting for the next owner.  What if the bike is stolen?  No clear title does hamper the transfer of ownership for the bike.  No title questions the ownership of the bike. 
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Offline Lannis

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #11 on: August 29, 2016, 02:32:38 PM »
Get a Bill of Sale from the seller and register it in VT.  Take the VT registration to your state and get a title.  Or, ride it with a VT plate and renew every year with them.

Three problems with that, only one of which is common to everyone.

1) A Virginia resident can't keep a Vermont bike garaged in Virginia and ride it, not for more than 30 days.   If its not registered in Virginia it isn't taxed in Virginia, and da Guvnah ain't gonna have dat.

2) The bike might be stolen.   Proving that it's not ought not to be the buyer's job unless he just likes that sort of thing.

3) Just like the "just needs a battery to run" thing, the world doesn't typically work like that.   Something funny about a bike with no title and no effort to get one.

But that last one's just me.

Lannis
« Last Edit: August 29, 2016, 02:37:20 PM by Lannis »
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #12 on: August 29, 2016, 02:35:50 PM »
Get a Bill of Sale from the seller and register it in VT.  Take the VT registration to your state and get a title.  Or, ride it with a VT plate and renew every year with them.

While possible, their regs. say that a Vermont resident can do that.  See below.  How an out of state resident can do that is up to Vermont.  Still not that easy of a task.  If you have to provide proof of VT residency then look at the rest.

http://dmv.vermont.gov/registrations/drivers/title   also   http://dmv.vermont.gov/licenses/drivers/requirements/identity  also  http://dmv.vermont.gov/sites/dmv/files/pdf/DMV-VL003-Residency_Requirements.pdf
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Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #13 on: August 29, 2016, 02:51:23 PM »
While possible, their regs. say that a Vermont resident can do that.  See below.  How an out of state resident can do that is up to Vermont.  Still not that easy of a task.  If you have to provide proof of VT residency then look at the rest.

http://dmv.vermont.gov/registrations/drivers/title   also   http://dmv.vermont.gov/licenses/drivers/requirements/identity  also  http://dmv.vermont.gov/sites/dmv/files/pdf/DMV-VL003-Residency_Requirements.pdf

Listen, unless things have recently changed, an out of state resident can REGISTER a vintage bike (25+yrs) in VT.  They collect a fee and the taxes (smart) on the price paid, and send you a valid registration and plate.  I've done this TWICE, and they mailed it to my NEW JERSEY address. Just needed a Bill of Sale signed by both parties.  For piece of mind, have a local cop run the VIN to see if it's stolen.
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #14 on: August 29, 2016, 03:58:25 PM »
So did they ask if you were a VT resident?  If they did what did you show to prove it.  If not then that's the loophole.  Their regs. say otherwise.  Whether they enforce it or not is up to them. 
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Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #15 on: August 29, 2016, 04:26:58 PM »
Last time I checked, Stafford NJ was not in Vermont.
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Offline Lannis

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #16 on: August 29, 2016, 04:35:43 PM »
Last time I checked, Stafford NJ was not in Vermont.

I'm sure you're right on the VT DMV not caring what state you live in when you register your car on a VT title.

But you DO (if you live in Virginia) have to take your new VT (wink wink) title to the Virginia DMV and transfer the title to a Virginia one if you plan on garaging the bike in Virginia ....

Lannis
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #17 on: August 29, 2016, 05:08:32 PM »
Last time I checked, Stafford NJ was not in Vermont.

So you can get around the reg.s there.  They can decide to enforce it the next time you come in from NJ to register/title an out of state bike.  Then what?  Yes, I know Stafford is in NJ.  I use to live and work in Northern NJ.  Went to school across from Southern NJ.  I know the Pine Barrens. 
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Offline unclepete

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #18 on: August 29, 2016, 05:25:24 PM »
Wonder how many here have "lost" a title and not bothered to replace it before listing the vehicle for sale , knowing that it impacts the selling price .
I see this way too often on CL . Last year I saw an ad where seller admitted not having a title and not being able to get one because bike had a lien against it .

Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #19 on: August 29, 2016, 05:29:45 PM »
So he's stealing from the bank.  :tongue:  No clearance for the lien holder does not make it a legit sale.  Another booby trap to fall into.
From the Deep Deep South out in left field.  There are no stupid questions.  There are however stupid people asking questions.  🤣, this includes me.  😉 Hawaii.

Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #20 on: August 29, 2016, 06:45:13 PM »
Heard from seller - No title.  Says not necessary on bike over 15 years in his state.
« Last Edit: August 29, 2016, 06:57:52 PM by Cam3512 »
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #21 on: August 29, 2016, 07:09:25 PM »
Even if it's true for his state.  What would it be in the buyer's state?  Something doesn't sound right.
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Offline Shorty

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #22 on: August 29, 2016, 07:47:34 PM »
I just went through this very thing. Vermont will issue tags and registration to any bike over 15 years old, when you provide a notorized bill of sale, a statement from a car lot or DMV employee verifying the VIN number, and a check amounting to the tax and transfer expenses.  They do not care where you live. They also send paperwork you then take to your local DMV.  HERE IN OKLAHOMA, they again inspected the VIN, and issued the tags. They argued with me about the title until I had Vermont DMV fax them proof that they do not issue titles on vehicles over 15 years old. The local gal was too lazy.to look it up herself. I hired a service to do the legwork. Total cost of getting a title
/ tags about 230 bucks. It took about 3 weeks total.  I think I paid about 4 bucks to run a check on the VIN to ensure it was not stolen. To me it was a bargain, because the fact there was no title was reflected in the purchase price. YMMV

Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #23 on: August 29, 2016, 07:52:15 PM »
Hawaii, California and Arizona.  No title from seller, no ownership papers from that state.  If Vermont doesn't care then they're not enforcing their regs.  which is a bonus for some of you.  Still seems like you'd want to check out your state's laws before purchasing and title/register in your home state.
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Offline Mayor_of_BBQ

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #24 on: August 29, 2016, 11:34:01 PM »
I'm actually working on titling a 71 (DMV says '73) loop i bought in KS with title 'issues'...  I'm in NC.  I know the process varies from state to state... but I'm documenting the steps & expenses for the process (at least in my state) and will post a thread about it when I finally get it settled.


If he owns the bike and at any point held an NC title with his name on it... it would take minimal effort and not much $$ to get a replacement.
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Offline Cam3512

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #25 on: August 30, 2016, 05:40:23 AM »
Hawaii, California and Arizona.  No title from seller, no ownership papers from that state.  If Vermont doesn't care then they're not enforcing their regs.  which is a bonus for some of you.  Still seems like you'd want to check out your state's laws before purchasing and title/register in your home state.

You keep referring to Vermont's own "regulations" regarding residents.  The links you provided address obtaining a TITLE for a vehicle in VT, as well as a license, learners permit or ID.  None of which apply to this conversation. We are talking about REGISTERING a vintage bike, which you can do as an out of state resident.  Of course, what you can do with that varies from state to state.
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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #26 on: August 30, 2016, 02:27:26 PM »
I'm actually working on titling a 71 (DMV says '73) loop i bought in KS with title 'issues'...  I'm in NC.  I know the process varies from state to state... but I'm documenting the steps & expenses for the process (at least in my state) and will post a thread about it when I finally get it settled.


If he owns the bike and at any point held an NC title with his name on it... it would take minimal effort and not much $$ to get a replacement.

NC allows for bonding a bike to get registration and title.  I don't think that he titled it in his name in NC and agree that getting a duplicate title is a problem.
From the Deep Deep South out in left field.  There are no stupid questions.  There are however stupid people asking questions.  🤣, this includes me.  😉 Hawaii.

Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #27 on: August 30, 2016, 02:36:31 PM »
You keep referring to Vermont's own "regulations" regarding residents.  The links you provided address obtaining a TITLE for a vehicle in VT, as well as a license, learners permit or ID.  None of which apply to this conversation. We are talking about REGISTERING a vintage bike, which you can do as an out of state resident.  Of course, what you can do with that varies from state to state.

Yes.  You're talking about registering a motorcycle.  You misread the ad and the subsequent post on titling for ownership.  I'm discussing getting a title for a Vermont resident on a motorcycle from out of state.  While there are exceptions to the rules.  Do you have a Vermont title on the Vermont registered motorcycles?  If you do then good for you.  However within the 2nd paragraph in the Vermont DMV regs.  It states that for Vermont residents.....and outlines what can be done for title then registration.

Having a title on a vehicle means a different thing than having a registration on the same vehicle.  NC and other states require a notarized signature on a title and a notarized lien release on the title if there was a loan.
From the Deep Deep South out in left field.  There are no stupid questions.  There are however stupid people asking questions.  🤣, this includes me.  😉 Hawaii.

Offline Antietam Classic Cycle

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Offline Tom

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Re: 74 disk loop, Greensboro, CL, buried with DB's, $4k
« Reply #29 on: August 30, 2016, 04:33:21 PM »
5 tries.  No luck with the link.
From the Deep Deep South out in left field.  There are no stupid questions.  There are however stupid people asking questions.  🤣, this includes me.  😉 Hawaii.

 

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