dcmoore21
Well-Known Member
- Messages
- 18
- Reaction score
- 13
- Points
- 52
- Boat Make
- Yamaha
- Year
- 2015
- Boat Model
- SX
- Boat Length
- 21
Hello all,
New to boating and looking to purchase a used Yamaha in a private sale. The one I’m looking at has few hours and the price is right. The seller has his original loan from the Yamaha dealership and the purchase price is essentially to pay off his balance.
I’m trying to figure out how logistically to make this purchase. I assume Yamaha has his title. What I am worried about, which I would hope would never happen, would be to pay him for the boat and then he never pays off the loan. I’m left with a boat with a lein on it with no title in hand.
How does one do this? Can we do a conference call with Yamaha and I wire them the money and then arrange for them to send me the title? I also don’t want to have to rely on the seller to send me the title once the loan is paid off. Or should I just ask Yamaha to transfer the loan to me and then pay it off immediately? I’d rather not do that because I’m sure they’d charge some fees to do so.
Anyone have experience with this? I would imagine this isn’t a novel scenario.
thanks!!
New to boating and looking to purchase a used Yamaha in a private sale. The one I’m looking at has few hours and the price is right. The seller has his original loan from the Yamaha dealership and the purchase price is essentially to pay off his balance.
I’m trying to figure out how logistically to make this purchase. I assume Yamaha has his title. What I am worried about, which I would hope would never happen, would be to pay him for the boat and then he never pays off the loan. I’m left with a boat with a lein on it with no title in hand.
How does one do this? Can we do a conference call with Yamaha and I wire them the money and then arrange for them to send me the title? I also don’t want to have to rely on the seller to send me the title once the loan is paid off. Or should I just ask Yamaha to transfer the loan to me and then pay it off immediately? I’d rather not do that because I’m sure they’d charge some fees to do so.
Anyone have experience with this? I would imagine this isn’t a novel scenario.
thanks!!