Buy a ktm with different owner title name

Discussion in 'Crazy-Awesome almost Dakar racers (950/990cc)' started by skyhigh, Dec 6, 2013.

  1. skyhigh

    skyhigh n00b

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    Would you buy a ktm dirt bike from owner with title in different name.?
    he bought from dealer and just received title in hand and never changed name.
    he is an older person selling sons dirt bike and will give bill of
    sale and title

    Thanks
    #1
  2. DrKayak

    DrKayak Retro Rider

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    I have a friend that flips bikes for profit. He never transfers the title to himself.

    CA DMV is OK with the following. Original owner signs the title over to buyer1 then buyer1 sell it to buyer2 and provide a bill of sale and the title from the original owner.

    If in doubt take the seller to DMV with you when you register it.
    #2
  3. Orangecicle

    Orangecicle On a "Quest"

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    #3
  4. Todd-Squad

    Todd-Squad See Ya, Bye.

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    I live in Utah. If you were to do this transaction in Utah, the DMV would charge you sales tax for both transactions.
    #4
  5. kag

    kag Wander Lust

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    Check with your DMV....it is common though
    #5
  6. David37

    David37 Been here awhile

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    If your serious about buying the bike, meet the seller at your local DMV and get the registration transferred to your name. Seller can pay for any back DMV fees and you pay for the transfer and the sales tax and you will have a clean title.
    #6
  7. The Walrus

    The Walrus Gone and back again.

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    It depends on what documentation you present in any state.

    If you submit documents that show multiple sales and do not have a vehicle dealer license, there may be additional charges for each transaction.

    If your documentation is a single transaction with you listed as the buyer of record and the title cleanly signed off by previous lienholders and owners, it's a single transaction. And it does not matter what the time frame is, you have all the time you want to apply for that title and pay the fees.

    I've personally moved vehicles within and across states in the western US without a single problem with one exception. The state of Utah could not process an electronic title from California but that was 7 years ago and they may have had to learn to deal with that issue. It was still a simple, but time consuming process, to get Cali to issue a paper title that they could deal with.
    #7
  8. Peanuts

    Peanuts Long timer

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    So in some US states you have to pay to transfer title?

    I cant believe the UK government have missed this stealth tax opportunity!
    #8
  9. Orangecicle

    Orangecicle On a "Quest"

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    Here in Iowa, we pay a retitling fee that is typically small. We also pay a yearly "registration" fee, which varies based on the locale. In Polk County where I live, the fee is based on vehicle type, age, and selling price. A typical fee is about $200 per year but it can be more: http://cms.polkcountyiowa.gov/treasurer/Pages/vehicleregfees.aspx

    In some places, the states put a sales use tax on vehicles. For instance, in Virginia (where I once lived) you must pay 4% SUT to register the vehicle. The 4% is based on the sales price of the vehicle: http://www.dmv.virginia.gov/vehicles/#titling.html
    http://www.dmv.virginia.gov/vehicles/#sut.asp

    :eek1 There is also a small titling fee. :bluduh And, then there is the personal property tax that Virginia counties impose on the vehicle each year. In Fairfax County where I lived, that tax is now $4.57 per 100 dollars of current value: http://www.fairfaxcounty.gov/dta/cartax_faq.htm#4

    I moved to Virginia with an old Dodge truck. I had to pay the registration tax and titling fee, which was huge, and then I had to get the vehicle inspected. That cost something like an additional $40 per year. I mentioned this to the mechanic doing the inspection, who laughed and said, "Welcome to the Commonwealth of Virginia. And when they say 'Commonwealth,' know that they ain't talkin' about you and me!"
    #9
  10. gearheadE30

    gearheadE30 Long timer

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    I've done that once. The guy I bought it from and the guy whose name was on the title had incredibly similar names, and the guy whose name was on the title had already been penned in. I actually didn't notice until after I had registered the bike in my name and was looking at the bill of sale as I was filing paperwork and saw some handwriting didn't match (I tend to make copies of the old titles before I send them in for transfer just in case something goes wrong). Went through anyway...

    I would imagine jumping buyers is probably considered tax evasion, if the vehicle was expensive enough.
    #10
  11. DELTATANGO

    DELTATANGO Motorcyclist and Dog Walk

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    Don't get stuck with a motorcycle with no title, BTDT.:D
    #11
  12. TDM Rider

    TDM Rider Been here awhile

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    One of the guys I work with is a chronic bike 'flipper' and usually sells them with an 'open' title. Might not be to the letter of the law but seems to be a somewhat common practice.

    That said, it always makes me a bit nervous to look at a bike for sale from someone I don't know who doesn't hold the title in their name.

    Caveat emptor! :deal
    #12