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Old 04-10-2012, 12:42 PM   #1
675Raisinator
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Private sale question

If I buy a bike from private seller I still need to get it registered in my name right? Can I use the bill of sale as proof of ownership or do I have to wait for the bank to mail me the title before I go down to the tax office.
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Old 04-10-2012, 12:49 PM   #2
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Old 04-10-2012, 12:51 PM   #3
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http://www.txdmv.gov/vehicles/titles/faq.htm
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Old 04-10-2012, 01:00 PM   #4
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you will need title to tranfer the bike under your name, bill of sale is just a proof that the previous owner sold you the bike...and no matter how much the sales price is on the bill of sale, the tax office already have the set amount they want you to pay for the tax
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Old 04-10-2012, 01:05 PM   #5
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you need to take the title (signed by the seller in two places) showing no leins, and a title transfer form signed by the seller as well (130-U)

http://www.txdot.gov/txdoteforms/Get...vletConfig.xml
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Old 04-10-2012, 01:28 PM   #6
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i should have clarified ... he still owes on the bike so I am buying out his loan in total from the bank... so I guess the bank would transfer the title over?
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Old 04-10-2012, 01:30 PM   #7
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Old 04-10-2012, 01:35 PM   #8
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I've done this before and was lucky enough for the bank to have the title on file. Got a "copy" of the title and letter notorized from the bank saying the bike is paid in full and they signed and released the lean on the spot and handed me the title... maybe you can get so lucky or maybe you can call in advance? Another time the lean holder was some stupid out of state company and the whole thing was a pain!
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Old 04-10-2012, 01:37 PM   #9
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Yea this is thru USAA so I have to do the whole thing over the phone not at the bank branch so I have a feeling it will be a pain in the
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Old 04-10-2012, 04:54 PM   #10
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Quote:
Originally Posted by BaoPee View Post
you will need title to tranfer the bike under your name, bill of sale is just a proof that the previous owner sold you the bike...and no matter how much the sales price is on the bill of sale, the tax office already have the set amount they want you to pay for the tax
As long as you don't pay more for the bike than it's worth....
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Old 04-10-2012, 04:57 PM   #11
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Quote:
Originally Posted by 675Raisinator View Post
i should have clarified ... he still owes on the bike so I am buying out his loan in total from the bank... so I guess the bank would transfer the title over?
No, when I bought my R6, I paid off the guy's loan at the bank with him and they gave me the title in his name. I just had to get him to sign it over to me then off to the tax office to register it under my name.
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Old 04-10-2012, 05:04 PM   #12
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When I bought mine from a guy who still owed on it, We called to notify the bank who asked for a notarized letter and a check for the pay off amount. And they sent the title to my address.
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Old 04-10-2012, 07:01 PM   #13
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USAA folks are good but maybe a bit more legwork since you can't go to their branch office.
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