Bonded Title
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Stage IV
Joined: Sep 2009
Posts: 4
Likes: 0
Bonded Title
Hello All,
I am thinking of buying a bike from a gentleman that bought this bike from a used m/c dealer 'as junk" He does have a bill of sale from his state DMV for the bike.
I am going to try and resurrect the bike to get a Certificate of Title. Many states have a 'bonded title' routine ,which my state does. i have read all the online documentation for the procedure to do the bonded title.
I was hoping to hear from somebody that has actually been down this road.In other words the bike is actually NOT a lost title or salvaged titled bike.
Any one have any war stories on this routine that would care to share?
Thanks,
BC
I am thinking of buying a bike from a gentleman that bought this bike from a used m/c dealer 'as junk" He does have a bill of sale from his state DMV for the bike.
I am going to try and resurrect the bike to get a Certificate of Title. Many states have a 'bonded title' routine ,which my state does. i have read all the online documentation for the procedure to do the bonded title.
I was hoping to hear from somebody that has actually been down this road.In other words the bike is actually NOT a lost title or salvaged titled bike.
Any one have any war stories on this routine that would care to share?
Thanks,
BC
Road Captain
Joined: Sep 2008
Posts: 727
Likes: 1
From: Silverdale, WA
If the state that the bike was totaled in is a reciprocal state, ie they have linked DMV data base, then the salvage/loss will show up in the title search, no matter what the status is in the state that the bike was rebuilt. I know this because it happened to me, purchased a bike in MN with a "clear" title, and when it was re-registered in another state, the branded title from the state that originally titled it showed and as a result, I now have a salvage titled bike, and no recourse. It, in the end, means, no one will take it in trade, can't consign it and it is worth about 35% of the bluebook value. The loss will show on a CARFAX search as well, mine did.
Advanced
Joined: Aug 2010
Posts: 69
Likes: 0
From: Mount Holly, AR
Things seem to differ greatly from state to state. I used this proceedure to get a title for a truck in Arkansas years ago, pretty much you buy a bond and agree to forfeit the vehicle if the PO shows up and decides they want it back. In AR it was 3 years, makes you want to leave it sit for the period instead of building. Good luck, and happy riding!
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