TeeJay
Race Dog
Hi Guys
What is the right way of doing this - i.e. buying a bike from a seller who still owes money on the bike at the bank? Does the buyer settle the outstanding amount at the bank? I see risks all around - particularly due to the following:
1. Seller's first post here is to sell a bike (i.e. not a known Wilddog with whom I would do business blindfolded)
2. Seller in Gauteng and buyer in CT
3. Selling for outstanding loan at the bank
4. It would seem to me the buyer needs to go up to Gauteng, meet the seller, etc to make sure things go well.
Advice appreciated.
What is the right way of doing this - i.e. buying a bike from a seller who still owes money on the bike at the bank? Does the buyer settle the outstanding amount at the bank? I see risks all around - particularly due to the following:
1. Seller's first post here is to sell a bike (i.e. not a known Wilddog with whom I would do business blindfolded)
2. Seller in Gauteng and buyer in CT
3. Selling for outstanding loan at the bank
4. It would seem to me the buyer needs to go up to Gauteng, meet the seller, etc to make sure things go well.
Advice appreciated.