So let me start by saying i have a hairy situation...
I am in the great state of Minnesota.
Late in the fall, just before the snow fell (4-5 months ago) I went out to purchase Motorcycle. After test riding and inspecting the motorcycle I decided to buy it and we agreed on a price. A few things had me worried right off the bat. The seller said that he had only just recently purchased it and was waiting on the title. The tabs were current and must br renewed annually in this state so I figured it would be okay. We wrote up a bill of sale which included a written promise to sign title over to me when it arrived, and that i would keep a few hundred of the agreed price until that time. I paid him and took the bike home. I rode it for only a few days before garaging it for the winter.
After about 2 months of occasionally texting/emailing him and getting no replies i begam to worry. I tried calling him, he answered, and asked who was calling. When I told him I was the guy who had bought his bike and was wondering if he had received the title yet, he hung up without another word.
I work closely with a few police officers (late night hospitality industry) and asked one if she could see if the bike was stolen for me.
The bike was not reported stolen, furthermore the title had last been transferred in the fall, which lined up with what the seller had told me.
Another month and a half went by with no luck getting a response from the seller. When telling a friend about the situation he offered to purchase it for the same amount I paid to cut my losses. He was looking for a motorcycle to use for closed course stunt riding off of public roads and figured that since he didn't need it registered he would help me by just purchasing mine. I gratefully accepted.
He paid me, picked the bike up and immediately dumped large amounts of money into modifying the brakes, suspension, subframe, gearing, and I don't know what else, to make the bike suitable for his purposes in the spring.
Now just weeks later the seller emailed me and asked if he coukd buy the bike back. When I told him no, he told me he really wants to buy it back, when I apologized and told him no again he tokd me he needs it back.
I am still willing/able to fulfill our original bill of sale and pay him the rest of the money if he gets me the title, he however only shows an interest in requiring the motorcycle.
Since my friend has already dumped Thousands of dollars in parts and labor into the motorcycle I have no interest in selling it back.
So I guess my question is what are my options and how do I proceed with them? I tried to be detailed in the original post, let me know if there is anything else I can tell you guys.
Thanks for the help, -Sam
I am in the great state of Minnesota.
Late in the fall, just before the snow fell (4-5 months ago) I went out to purchase Motorcycle. After test riding and inspecting the motorcycle I decided to buy it and we agreed on a price. A few things had me worried right off the bat. The seller said that he had only just recently purchased it and was waiting on the title. The tabs were current and must br renewed annually in this state so I figured it would be okay. We wrote up a bill of sale which included a written promise to sign title over to me when it arrived, and that i would keep a few hundred of the agreed price until that time. I paid him and took the bike home. I rode it for only a few days before garaging it for the winter.
After about 2 months of occasionally texting/emailing him and getting no replies i begam to worry. I tried calling him, he answered, and asked who was calling. When I told him I was the guy who had bought his bike and was wondering if he had received the title yet, he hung up without another word.
I work closely with a few police officers (late night hospitality industry) and asked one if she could see if the bike was stolen for me.
The bike was not reported stolen, furthermore the title had last been transferred in the fall, which lined up with what the seller had told me.
Another month and a half went by with no luck getting a response from the seller. When telling a friend about the situation he offered to purchase it for the same amount I paid to cut my losses. He was looking for a motorcycle to use for closed course stunt riding off of public roads and figured that since he didn't need it registered he would help me by just purchasing mine. I gratefully accepted.
He paid me, picked the bike up and immediately dumped large amounts of money into modifying the brakes, suspension, subframe, gearing, and I don't know what else, to make the bike suitable for his purposes in the spring.
Now just weeks later the seller emailed me and asked if he coukd buy the bike back. When I told him no, he told me he really wants to buy it back, when I apologized and told him no again he tokd me he needs it back.
I am still willing/able to fulfill our original bill of sale and pay him the rest of the money if he gets me the title, he however only shows an interest in requiring the motorcycle.
Since my friend has already dumped Thousands of dollars in parts and labor into the motorcycle I have no interest in selling it back.
So I guess my question is what are my options and how do I proceed with them? I tried to be detailed in the original post, let me know if there is anything else I can tell you guys.
Thanks for the help, -Sam