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Old 03-10-2012, 08:57 PM   #1
Se7eN73
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Bonded Title

Has anyone had any experience with a bonded title? Never seen this on a motorcycle before.

http://houston.craigslist.org/mcy/2894855730.html

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Old 03-10-2012, 09:10 PM   #2
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Too much money for a bike with a bonded title, in my opinion.
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Old 03-10-2012, 09:11 PM   #3
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What is a bonded title?
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Old 03-10-2012, 10:02 PM   #4
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Bonded tittle basically means you do not have acceptable evidence of ownership for a vehicle you own and you have to apply one at DMV.
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Old 03-11-2012, 09:26 AM   #5
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Quote:
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Too much money for a bike with a bonded title, in my opinion.
Curious why a bonded title would affect value any? My understanding is if bike turns up stolen later then rightful owner gets paid the full bond amount (1-1/2 times book value) from the insurance company and person that originally bought the surety bond then owes the insurance company that amount. Nothing to be paid by you, no risk of losing the bike, no recourse back to you by either the insurance company or seller and after two or three years the bonded status is completely removed.

So with that a bonded title is actually somewhat safer for a buyer than even a regular title.

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Old 03-11-2012, 09:31 AM   #6
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Quote:
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Bonded tittle basically means you do not have acceptable evidence of ownership for a vehicle you own and you have to apply one at DMV.
That is correct and for someone buying a bike and then getting a bonded title there is much cost, work and risk involved. But buying a bike that already has a bonded title all the costs and risks remain with the seller and don't pass on to you.

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Old 03-11-2012, 09:40 AM   #7
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Quote:
Originally Posted by SilverBullet View Post
Curious why a bonded title would affect value any? My understanding is if bike turns up stolen later then rightful owner gets paid the full bond amount (1-1/2 times book value) from the insurance company and person that originally bought the surety bond then owes the insurance company that amount. Nothing to be paid by you, no risk of losing the bike, no recourse back to you by either the insurance company or seller and after two or three years the bonded status is completely removed.

So with that a bonded title is actually somewhat safer for a buyer than even a regular title.

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I think this correct info, except that is why the bond and insurance is bought, so the buyer doesent have to pay out of pocket, correct me if I am wrong
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Old 03-11-2012, 10:41 AM   #8
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This is accurate. I have done bonded titles. Bought and sold. To get a bonded title for a bike is a HUGE PAIN IN THE ARSH. It's a rip off because you can by a bike with a lot of problems, cheap, but you pay MORE than blue book. The state has their own valuation table and it is WACK.
Buying a bike with a bonded title is VERY safe. "Technically" safer then any other because it's insured.
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Old 03-11-2012, 01:06 PM   #9
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I had to do this with my 750 and you can get a bonded title from an insurance company too, and yes it's a total ripoff, however, it was hard at all to get my bond, as for the dmv side......major f ing pain
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Old 03-11-2012, 02:25 PM   #10
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Yes a bonded title is much safer than a texas title for the buyer. For the seller, it was a costly expense to initiate that is a pain in the .
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Old 03-11-2012, 02:52 PM   #11
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I would like to get that for my fiddy, will that cost a lot too?
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Old 03-11-2012, 03:09 PM   #12
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I would like to get that for my fiddy, will that cost a lot too?
For a fiddy figure about $170 and minimum off a couple hours at the Regional DOT in Houston (Washington & I-10). If you do it as a dirt bike you won't have to pay sales tax or registration. You can always convert to street legal at a later date and not pay sales tax then either. Biggest expense will be the Surety Bond. I couldn't find any company willing to write a bond for less than $100. You can do it by mail to Austin also but takes forever and you'll probably get it sent back to you at least once asking for more information or corrections so drags on.

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Old 03-11-2012, 04:22 PM   #13
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Quote:
Originally Posted by Se7eN73 View Post
Has anyone had any experience with a bonded title? Never seen this on a motorcycle before.

http://houston.craigslist.org/mcy/2894855730.html

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So is this a good deal?

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Old 03-11-2012, 04:22 PM   #14
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For those of you who have done it, about how much does the process cost? I am looking at a 2007 ZX6, and I am curious how much the surety bond will end up costing me. The bike is selling for 2800, so I will be saving a bunch, so even if I put $3-500 into it, I would still come out cheaper than buying with a title. Any input on this?

As far as the time, I am a college student, so my time at this point is not extremely valuable from the standpoint of an hourly rate. I dont mind doing the leg work and messing with the paperwork if it ends up saving me a grand.

Third quick question, the bike was last registered in May of last year, is it going to be super expensive to register it again because it has not been registered for 10 months?
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