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hithere

Buying MC, owner got finance with Bank

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How to do, i wanna buy a MC from a guy living up North (i live in Phuket) he got the bike on finance with Krungsri bank, i wanna go up to him and ride the bike to Phuket, not sure what we do with paperwork? what will you do? or have you done it before? or should i find another bike? (i like that bike) 


Cheers

 

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15 minutes ago, hithere said:

he got the bike on finance with Krungsri bank,

That's probably the hard bit...  either he pays off the finance first..or you take on the finance..which means the bank has to approve you..if you are a foreigner then good luck with that...   do not give him money and then drive it to Phuket and try to get it transferred to your name (legal ownership)  without first sorting out the finance.

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It will be a little easier if buying from a farang.

You need to find an agent up north.

Then prolly another in Phuket.

It will be an adventure.

Edited by papa al

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Not enough details.

 

He got the bike on finance? But is it fully paid now?

 

In case it's not, Will you pay in cash or want to continue the financing?

 

 

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if the finance is paid out it can still take weeks before the book is transferred from bank to owner.... how long can you wait to ride it to Phuket ?

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Thanks Guys

I will pay cash for the bike, its not fully paid yet, I wanna ride down to Phuket same day 

 

Done it a few times before, but only when the owner had green book, easy transfer plate and bike IF you get the Green Book

Edited by hithere

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17 minutes ago, hithere said:

Thanks Guys

I will pay cash for the bike, its not fully paid yet, I wanna ride down to Phuket same day 

 

Done it a few times before, but only when the owner had green book, easy transfer plate and bike IF you get the Green Book

Depends if he wants money from you to pay off the bank finance, ask him before you go,  if he does want money first before you get green book from bank who has the book forget it.

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4 minutes ago, Kwasaki said:

Depends if he wants money from you to pay off the bank finance, ask him before you go,  if he does want money first before you get green book from bank who has the book forget it.

He told me we could go together to the bank and pay out the bike, BUT not sure if i will get the book right and then?? don't wanna wait for the book, some years ago i had to wait 6 weeks for the book

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2 hours ago, hithere said:

BUT not sure if i will get the book right and then??

You may get the book from the bank  there and then ...but it won't be in your name   it will still be in his name  and now fully paid for !!!...so then you both go to the "up north"  Department of land transportation"  to try and change the name in the book to yours and they ask you for your  "up north"  address...and then ?????

Edited by johng

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10 hours ago, hithere said:

He told me we could go together to the bank and pay out the bike, BUT not sure if i will get the book right and then?? don't wanna wait for the book, some years ago i had to wait 6 weeks for the book

That's the problem, if I were you Green book & bike first then pay money.

 

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UPDATE

 

He pay the rest of the money to the bank, they told him it could be 4-6 weeks before he get the green book, i can wait until he got the book, still its a good deal, i still have a few bikes so no problem.

 

Thanks for the great input from you guys 🙂 

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16 hours ago, johng said:

You may get the book from the bank  there and then ...but it won't be in your name   it will still be in his name  and now fully paid for !!!...so then you both go to the "up north"  Department of land transportation"  to try and change the name in the book to yours and they ask you for your  "up north"  address...and then ?????

Done it a few times (when i get the book) no problem, i have transfer number plates/owner from Chunburi/Pattaya a few times, he sign the transfer paper i go to DLT in phuket and get new Phuket numberplate, only had a problem once, my Harley didn’t make the noise control at DLT, well just went to a dealer i know, gave him the book, he know some people can fix it, done 🙂   

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29 minutes ago, hithere said:

UPDATE

 

He pay the rest of the money to the bank, they told him it could be 4-6 weeks before he get the green book, i can wait until he got the book, still its a good deal, i still have a few bikes so no problem.

 

Thanks for the great input from you guys 🙂 

Photo of bike?

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