On a related topic, is it required that one must wait for the transfer to be completed at the DLT before the previous owner actually gives the bike to the new owner? I’ve sold three motorcycles over the years here and I never waited for the transfer to be completed before giving them the property that they already paid for.
I am in he process of buying a secondhand Triumph Trident from a Thai owner. He’s being a bit paranoid about handing the bike over to me even after I pay and he gives the green book to me. He wants to keep the bike (which is currently uninsured) until the transfer has been officially completed. Is this normal and does he have reason to worry about me taking possession of a bike that is still technically in his name until the transfer is complete? We are going to use a local bike shop to do the transfer because otherwise both of us and the bike have to go to the Chatuchak DLT, which I would be a big hassle.
The green book is being held by a major bank (due to a loan). I have to pay him first, so that he can pay off the bank and get the green book. I don’t have a problem with that, but as far as I’m concerned, as soon as that process is complete, the bike is mine. Is my stance contrary to Thai law?
JGA