Eddie_600RR
New member
Hey everyone,
I wasn't able to find any posts directly related to my issue. Just need some opinions and possibly some ideas. Here's my situation:
I'm buying a Honda CBR 600RR privately from across the border (Buffalo, NY). The problem I'm facing is all the paperwork and complications associated with importing a vehicle across the border.
I'm going to be using a broker to handle all the paper work and a transport company to pick up the bike and bring it across. However, this process cannot get started until I have:
1. A bill of sale (no problem, the seller can just write one up)
2. A signed certificate of title (equivalent to our ownership papers) from the seller
The dilemma is that the seller is not willing to sign the ownership papers and scan me a copy (with my info on it - basically transferring ownership) without the cash in hand, and I'm not willing to hand over the cash without any collateral. So in a nutshell, unless I can get a hold of that signed certificate of title, I can't bring the bike across the border because all the other paperwork won't get processed through customs.
One idea that the seller and myself have discussed is the possibility of meeting at the border and making a cash exchange there. I'd hand him the money, and he'll hand me the signed certificate of title, the keys, as well as all other paperwork associated with the bike. However, since the paperwork won't be processed yet at this point, I can't just bring the bike across the border. So this transaction is just so I get the signed ownership paper in hand (certificate of title) and can proceed to work with the broker and transport company to move the bike across the border and into Canada.
The risk here: I hand over the cash and all I have as collateral is the certificate of title, bill of sale, the seller's information, and keys to the bike. I've met the seller already and know where he lives because I drove down there to see the bike so I trust him. But you just never know. Do you guys think there's a better way for me to do this? Is there any other way I can have some sort of collateral in case **** hits the fan?
Thanks for any and all input!
Eddie
I wasn't able to find any posts directly related to my issue. Just need some opinions and possibly some ideas. Here's my situation:
I'm buying a Honda CBR 600RR privately from across the border (Buffalo, NY). The problem I'm facing is all the paperwork and complications associated with importing a vehicle across the border.
I'm going to be using a broker to handle all the paper work and a transport company to pick up the bike and bring it across. However, this process cannot get started until I have:
1. A bill of sale (no problem, the seller can just write one up)
2. A signed certificate of title (equivalent to our ownership papers) from the seller
The dilemma is that the seller is not willing to sign the ownership papers and scan me a copy (with my info on it - basically transferring ownership) without the cash in hand, and I'm not willing to hand over the cash without any collateral. So in a nutshell, unless I can get a hold of that signed certificate of title, I can't bring the bike across the border because all the other paperwork won't get processed through customs.
One idea that the seller and myself have discussed is the possibility of meeting at the border and making a cash exchange there. I'd hand him the money, and he'll hand me the signed certificate of title, the keys, as well as all other paperwork associated with the bike. However, since the paperwork won't be processed yet at this point, I can't just bring the bike across the border. So this transaction is just so I get the signed ownership paper in hand (certificate of title) and can proceed to work with the broker and transport company to move the bike across the border and into Canada.
The risk here: I hand over the cash and all I have as collateral is the certificate of title, bill of sale, the seller's information, and keys to the bike. I've met the seller already and know where he lives because I drove down there to see the bike so I trust him. But you just never know. Do you guys think there's a better way for me to do this? Is there any other way I can have some sort of collateral in case **** hits the fan?
Thanks for any and all input!
Eddie