Buying a used Trackbike , what documents do I need from the seller? | Page 2 | GTAMotorcycle.com

Buying a used Trackbike , what documents do I need from the seller?

imnothng said:
If there's no ownership make sure you call a police station and ask them to run the VIN to make sure it's not stolen.
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This.

There are plenty of other things you can do to document that you own the bike.

If the VIN has been altered or removed then there's a good chance that it's fishy. If there is a VIN but no ownership there are plenty of legitimate reasons for this that would not make it fishy IMO. My 10R has a valid VIN but no ownership. Lots of folks build up salvage bikes into race or track bikes and for most there isn't much point in getting an ownership so why bother?
 
My track bike has never been registered, it came directly from the factory to the first owner. I have the NVIS (New Vehicle Information Statement) for the bike but no ownership.
 
The F4 I just sold had the ownership, but hasn't been transferred over for 3 owners, now it's onto the 4th and he doesn't intend to transfer it either. Like Caboose said.. not much point if you're staying local, and even if you aren't there are ways to get it over the border.
 
Hi guys
Thank you for all the wonderful information.
I decided to go ahead and get the bike from the seller.
He bought the bike only with a bill of sale and can't even find that. i did get the VIN # and ran it through "car proof"
the bike is not stolen and has no liens, but it has a rebuilt title. I am only using this bike for trackdays and it is already set up that way.

The seller has offered to give me an affidafit( not notarized , he had no time to get to a notary, he said) and a bill of sale.
My question is, even if I want to register this bike into my name, will his afffidafit un-notarized and bill of sale suffice for the MTO?
Should i have to make a brand new affidafit to to swear on my behalf of how I purchased the bike and why the seller had no documents, and then get that notarized under my name?

Thanks guys
 
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I think you may be making this process alot more complicated than necessary. If this is a "track" only bike a simple bill of sale should suffice,the MTO does not need to be involved at all.
 
Exactly why would you ever register and pay tax on a bike that can never be used as a street bike again?
 
Scuba Steve said:
Exactly why would you ever register and pay tax on a bike that can never be used as a street bike again?
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i did it with my bike to put fire and theft on the bike, and also to transfer the title in my name for any potential future problems

Also, the owner wrote down $300 for the bill of sale, so taxes were $39.
 
Nick_f said:
i did it with my bike to put fire and theft on the bike, and also to transfer the title in my name for any potential future problems

Also, the owner wrote down $300 for the bill of sale, so taxes were $39.
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You put "fire and theft" on a track bike? lol ..

You realize that no insurance co will pay out on your track bike, right?
 
I've got an issue with my 1000. Clint bought it from Suzuki as an unregistered racing chassis, so there's no ownership. I've taken to carrying the purchase receipts with me. The more paperwork you have the better, if you're going to cross the border.
 
Shaman said:
I've got an issue with my 1000. Clint bought it from Suzuki as an unregistered racing chassis, so there's no ownership. I've taken to carrying the purchase receipts with me. The more paperwork you have the better, if you're going to cross the border.
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My last track bike and current one have no VIN stamped on frame, but i know history of both bikes.
If your crossing the border, just get a Y38 form at Customs in Toronto near airport. The form is good for a few years ..
 
Shaman said:
I've got an issue with my 1000. Clint bought it from Suzuki as an unregistered racing chassis, so there's no ownership. I've taken to carrying the purchase receipts with me. The more paperwork you have the better, if you're going to cross the border.
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What potential issues would you encounter crossing the border?
 
Scuba Steve said:
Exactly why would you ever register and pay tax on a bike that can never be used as a street bike again?
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Having read through this thread, it's clear that there are 2 trains of thought which explains the benefit and the uselessness of registering a track bike.

As far as taxes, for a salvage titled bike I would simply say I paid 1$. To pay 10$ for an ownership and 13 cents for taxes, it's a pretty cheap price to have the bike in your name. This is the fastest and easiest proof that you own that bike should anything happen or if you plan to cross the border.

If you know 100% that you are not going to the States to track, and if you can live with a bit of hassle should someone jack your bike, then there's no need to register the toy in your name.

In the very end it boils down to what each individual person wants to do to feel comfortable.
 
infernobuster said:
You put "fire and theft" on a track bike? lol ..

You realize that no insurance co will pay out on your track bike, right?
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I do understand the limitations of having insurance on my track bike. This is just incase it ever was stolen from my garage, and I'm not out the money. My wife has worked in insurance for 8+ years, so I am aware of what I can, and can not claim.

Peace of mind, helps me sleep better at night, and low cost a year to insure ;)
 
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caboose483 said:
What potential issues would you encounter crossing the border?
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Being pulled over while they go through some sort of ownership check, or just tossing the whole truck because you don't have everything they normally expect. I'd like to avoid the whole inconvenience, personally.
 
y38. Ftw.
 
Shaman said:
Being pulled over while they go through some sort of ownership check, or just tossing the whole truck because you don't have everything they normally expect. I'd like to avoid the whole inconvenience, personally.
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The only thing to be remotely concerned about is if a bike has been incorrectly exported from the US, it could(concievably) be forced to remain there. That the whole point of the 72 hour period required by US customs when you import a bike. As long as the bike has been correctly brought in whether you have a Canadian ownership for it is irrelevant. I was planning a trip to Barber a couple yrs ago. US customs told me- As long as your bike did not originate in the US, whatever paperwork you have is fine for crossing into the US.
 
Like if you bought your bike in the US and brought it over as Parts Only, you will have issues at the border
 
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