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post #1 of 7 (permalink) Old 05-05-2005, 07:01 AM Thread Starter
 
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Registration/Ownership question

Bought the gixer on April 9th. Contract was written up to make payments on the 10th of each month. Here it is the 5th of May, and the credit union that is supposed to be funding the loan, doesn't even have anything in their system stating that the loan was issued. When I went down there, the lady said that dealership is notorious for not sending in their contracts and for me to bring back my copy of the contract, and she can process it, and cut me the check.

Here's the important note that I didn't tell her. They wrote up the contract with the wrong VIN number.

Do you think that this is what is stopping any paperwork from processing including the insurance? I haven't received anything from anyone (but hey, I got the bike). Or should I just wait a bit more?
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post #2 of 7 (permalink) Old 05-05-2005, 07:54 AM
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You WIN!!! Don't do anything and you just recieved a new bike for nuttin!!

VIN should definately be fixed... you don't want any questions if you had a claim!




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post #3 of 7 (permalink) Old 05-05-2005, 11:27 AM
 
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Actually, you lose...you have a bike you have no claim to...If you get stopped, the VIN doesn't match the paperwork for the bike you bought, they could cite you. Get it fixed and straightened out ASAP
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post #4 of 7 (permalink) Old 05-05-2005, 05:22 PM Thread Starter
 
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Quote:
Originally Posted by bumblebee
Actually, you lose...you have a bike you have no claim to...If you get stopped, the VIN doesn't match the paperwork for the bike you bought, they could cite you. Get it fixed and straightened out ASAP
Yeah, that's a good point. So race it, never put it on the street, and buy another!

J/K, I'll probably call the insurance company and get that straightened out first, and wait to see what happens with the loan. I'm figuring, may be able to save some extra money before payments start. Anyone need a quick website? J/K....

NO
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post #5 of 7 (permalink) Old 05-05-2005, 09:50 PM
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TypO
It happens often!
Get it fixed if the dealer isn't already doing it.

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Currently ride 1987 GSXR 50, 1996 Ducati M900, 2005 GSXR 1000
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post #6 of 7 (permalink) Old 05-05-2005, 09:54 PM
 
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Have some integrity jeez. Unless your gonna race it
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post #7 of 7 (permalink) Old 05-05-2005, 11:29 PM
 
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Quote:
Originally Posted by bumblebee
Actually, you lose...you have a bike you have no claim to...If you get stopped, the VIN doesn't match the paperwork for the bike you bought, they could cite you. Get it fixed and straightened out ASAP
They would assume it stolen and impound it untill it was settled..
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