Hi all.
They say there's a first time for everything, right? Well maybe some of you out there have done this and can give some advice.
Have any of you ever had a vehicle (motorcycle, car, truck....) and made a sale through a personal deal without having the title first?
I myself have never done this. Whether it was a car or bike, it was only after I had paid off the loan and had the title did I sell or trade-in.
I have a 2011 Harley and am two years into paying off a five year loan with HDFS. I want to sell, but, not as a trade-in to a Harley dealership for another bike.
As many of you probably know, you can usually get more money through a personal deal than you can selling/ trading into a dealership. I looked up my bike on Kelly Blue Book & NADA and I know what I should be able to get for it.
I talked to an HDFS rep on the phone, and as you might already be aware, Harley has some kind of program (I forget the "name", something like Rider to rider) where you use the services of a participating dealership to sell your bike to a private party (as in a "personal deal"). Harley will smooth the process for you and take care of all the paperwork. However, there's a catch.......
You can't sell the bike for the best possible asking price you could get (Meaning: let's say the person you were selling it to was willing to pay what Kelly Blue Book/ NADA said). Harley will only sell it to the private party for whatever you have left to pay on the remainder of your loan. Basically: It's like you're not allowed to make a profit.
I looked at the going price for my make/ year/ model, and I could possibly get more for it than I currently owe on it.
But when selling on a private party personal deal.....are people willing to do this when the seller doesn't have the title in their possession? There's got to be some heavy-duty trust going on here, eh?
Any of you ever done this? Sell a vehicle without having the title?
Thanks for any info or suggestions.
Pez
They say there's a first time for everything, right? Well maybe some of you out there have done this and can give some advice.
Have any of you ever had a vehicle (motorcycle, car, truck....) and made a sale through a personal deal without having the title first?
I myself have never done this. Whether it was a car or bike, it was only after I had paid off the loan and had the title did I sell or trade-in.
I have a 2011 Harley and am two years into paying off a five year loan with HDFS. I want to sell, but, not as a trade-in to a Harley dealership for another bike.
As many of you probably know, you can usually get more money through a personal deal than you can selling/ trading into a dealership. I looked up my bike on Kelly Blue Book & NADA and I know what I should be able to get for it.
I talked to an HDFS rep on the phone, and as you might already be aware, Harley has some kind of program (I forget the "name", something like Rider to rider) where you use the services of a participating dealership to sell your bike to a private party (as in a "personal deal"). Harley will smooth the process for you and take care of all the paperwork. However, there's a catch.......
You can't sell the bike for the best possible asking price you could get (Meaning: let's say the person you were selling it to was willing to pay what Kelly Blue Book/ NADA said). Harley will only sell it to the private party for whatever you have left to pay on the remainder of your loan. Basically: It's like you're not allowed to make a profit.
I looked at the going price for my make/ year/ model, and I could possibly get more for it than I currently owe on it.
But when selling on a private party personal deal.....are people willing to do this when the seller doesn't have the title in their possession? There's got to be some heavy-duty trust going on here, eh?
Any of you ever done this? Sell a vehicle without having the title?
Thanks for any info or suggestions.
Pez