I found a local RC-51 for sale and the guy says he wants someone to take over payments of $177/mo. It's an 07 and he says his payoff is $3900 and would also be willing to sale for payoff.

The price is way too good for an 07, but also curious how the "take over payments" deal works. Im meeting tomorrow to check it out and check the bike over. Anyone ever taken over someone elses payments before and how does that work?

Anyone done this before? Im guessing I would need to contact his lender to verify legitimacy and that they would extend the credit to me as well until I payed it off which I would probably opt for. -sounds shady to me-

 

that seems awfully good price, even end of season and bad economy. So you'll want to check it over really well for signs of crash/salvage or track bike.

I agree with your suspicions and really can't imagine a good reason to ever take over payments for someone - better to just pay off and get your own financing separately IMO.

 

Be suspicious and careful. I didn't see anything in ad about mileage or condition, just that he went to Deal's Gap in Sept? Who gives a **** about that?

And 177/mo paid for say 30 months on a $12k purchase doesn't sound like a $3900 pay off unless the guy started with about an $8k trade in or down payment.

 

Go with the guy to whoever has the lien on the title and find out how much he still owes. If he indeed only owes another 3900 for it, have it transferred to you and pay it off.

 

A 2007 RC51...? Sounds fishy already, since the RC51 died in 2006. Run the V.I.N. # at www.nicb.org . It will let you know if it's ever been reported stolen or as a total loss (salvage). All in all, it sounds like a scam.

 

I was gonna say that, but if you do a search for "2007 RC-51", a lot of guys think they have one! I guess if they bought it new in '07 they think it's an '07. In any case, retail blue book for an '06 is over 8 grand, so $3.9k for an "07" doesn't sound right.

 

As I figured this didn't pan out... too good to be true usually is.

 

why didnt it work out? details... details

 

that's correct, but it costs nothing but a little time and effort to check it out, and you usually learn something to take with you.

 

07!!! hahhahahahaha