Take over payments

[Extrememustang]

Does anyone have a 600cc or up bike that they dont want anymore and would like for someone to take over payments? I am a very experinced rider looking to get another bike.

[Grimm Reeper]

I have a friend with an 06 750 that he might wants to get rid of.

[Extrememustang]

Hmm, that would be nice, it would be my 2nd 750. I wonder what his payments are.

[Grimm Reeper]

I think it's like 280 something

[Extrememustang]

280, wow he had a bad intrest rate. Probably had 16.9% which paid at 5 years doubles the selling price.

[Grimm Reeper]

Yea, the funny thing about it was that he had to get it in his girlfirends name.

[Ltdnismorace]

280, wow he had a bad intrest rate. Probably had 16.9% which paid at 5 years doubles the selling price.

you can't just "take over" his payments anyways, you'll have to get it refinanced through your bank anyways so you could get lower interest.

[Extrememustang]

Well I had a bike and I didnt want it anymore and this guy I kinda knew tried to refinance it. He couldnt get a loan because lack of credit. So I got a legal document saying he was going to make the payments and if he was late I caould take it back, AND I Made him get full ins. He made every payment for a year which helped my credit. Then his credit got better and re refianced it in his name. I also checked each month to make sure it was paid. Never had a problem then me and him became good friends after that.

[Extrememustang]

So have u talked to him about the bike yet? I also dont think its $280 UNLESS he bought alot of gear and put that in with the fiancing

[Extrememustang]

I guess I could always check here. http://www.georgiasportbike.com/forums/index.php

[Grimm Reeper]

I work at nights and really don't get to check IA until like 8 the next morning, but he said that if your serious for me to give you his number so you two could come to some agreement.

[Extrememustang]

Pm sent

[Julio]

how did it help his credit? Were you reporting to his credit ? lol

[Extrememustang]

Lol, it was in my name but he was making my payments, so after the bike was paid off the title came to me and I signed it over to him. I told him though if he was late I would come get it.