How do I know if bike is under finance?

[davofromoz]

I am about to buy a couple of racing style bikes. I believe better deals to be done second hand.

I know I need to request a green book but how can I be sure the bike is not under finance? And if it is how can I stop the finance company from repossessing it from me when I bought in good faith?

Is there anything else to be aware of buyimng second hand?

[FiftyTwo]

Finance company keeps the green book.

If they can show it, no finance.

Most 2nd hand bike sellers that appear to be owners, are usually dealers.

The give away is the name in the green book doesn't match their ID card.

But they will have a PoA form signed by the real owner.

Edited September 27, 2013 by FiftyTwo

[NomadJoe]

Finance companies will loan books out if the person needs to take their vehicle out of the country, but usually only after a certain amount of time has passed since purchased. In this case, it would be impossible to tell.

[Briggsy]

Accompany the seller to the Land Transport Office and conduct all the stages of the sale there including transfer of ownership.

This is what Thais will routinely do.

[davofromoz]

Thanks for the replys. I guess if the green book is there then I'm safe and just go to the titles office or a motorcycle shop and they can do the transfer at the same time as handing the cash over.

cheers

[Hili]

check the current name in the greenbook with the papers, copy of id etc... they have to match.