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FJR Motorcycle Forums
FJR Specific Discussion
Buying a bike financed through Yamaha Credit Card
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<blockquote data-quote="bigjohnsd" data-source="post: 1178557" data-attributes="member: 86475"><p>We financed a lot of bikes we sold with YCS Credit Card, administered by HSBC.</p><p></p><p>Most States have a Power of Attorney form which enables the present owner to sign over the title to the buyer without having the Title in his possession. Additionally when Dealers do this they have a form signed by the seller which authorizes them to pay off the lien and to receive the Title from the Lien holder.</p><p></p><p>You being a private party I think their is more risk to you.</p><p></p><p>Being that this is in another state this might prove complicated and as someone else stated might be better to look for another bike.</p><p></p><p>Were you talking to Yamaha or HSBC, the actual Credit Card folks?</p></blockquote><p></p>
[QUOTE="bigjohnsd, post: 1178557, member: 86475"] We financed a lot of bikes we sold with YCS Credit Card, administered by HSBC. Most States have a Power of Attorney form which enables the present owner to sign over the title to the buyer without having the Title in his possession. Additionally when Dealers do this they have a form signed by the seller which authorizes them to pay off the lien and to receive the Title from the Lien holder. You being a private party I think their is more risk to you. Being that this is in another state this might prove complicated and as someone else stated might be better to look for another bike. Were you talking to Yamaha or HSBC, the actual Credit Card folks? [/QUOTE]
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FJR Motorcycle Forums
FJR Specific Discussion
Buying a bike financed through Yamaha Credit Card
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