Join Date: Mar 2010
Location: Saskatchewan Canada
the way it works, is if her still owes money on the quad, then you go to the bank and get a certified bank cheque to buy the quad.... before you can do that, you NEED the VIN!!!! for the bank otherwise no certified cheque... after thats all done, the bank will notice there is a lean on the quad by doing a vin search.. and therefore HIS name AND the NAME OF HIS BANK will be on the cheque.
with it like that, he has no choice but to use the cheque to pay off the quad as its half his money and half the banks. he cant just cash it, it HAS to go somewhere into his bank account/ loans
its how it works in canada... your not insured even with bill of sale up here that if they repo his quad... but they sold it... they come and find the quad and take it from you. and your **** outa luck , they take the quad and he keeps the money.
you can take whatever sized loan out you want, i think i took a line of credit out once for only liek 1800 bucks once.
07 white 450r
06 silver 600rr
10 polaris assault 800
Last edited by mitchell_19; 01-10-2011 at 11:56 PM.