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135 Posts
Let me lay out my predicament:
I purchased my bike from an out of state seller who I truly believe to be honest. He had the bike financed through Kawasaki and stated that HSBC serviced the loan. He paid the loan off the week before I purchased the bike and they told him that they would mail the title within 15 days. He said once he got the title he would sign it over to me and then mail it to me to complete. Hindsight being what it is I probably should have waited but I went ahead and bought the bike and received a So. Carolina official bill of sale. I spoke with my DMV and they stated that I could legally drive on the bill of sale for thirty days but I cannot receive a tag until I title the bike and it must be titled within 30 days or "significant penalties will be incurred". To make a long story short I now have one week before the thirty days are up, the seller states that he has contacted HSBC and it shows a balance of $0 and that the title is being "processed for delivery", and I am a nervous wreck about what to do. I have since learned that HSBC is notorious for taking forever to send titles. Has anyone had any experience with a situation like this or any advice about what I should do?
I purchased my bike from an out of state seller who I truly believe to be honest. He had the bike financed through Kawasaki and stated that HSBC serviced the loan. He paid the loan off the week before I purchased the bike and they told him that they would mail the title within 15 days. He said once he got the title he would sign it over to me and then mail it to me to complete. Hindsight being what it is I probably should have waited but I went ahead and bought the bike and received a So. Carolina official bill of sale. I spoke with my DMV and they stated that I could legally drive on the bill of sale for thirty days but I cannot receive a tag until I title the bike and it must be titled within 30 days or "significant penalties will be incurred". To make a long story short I now have one week before the thirty days are up, the seller states that he has contacted HSBC and it shows a balance of $0 and that the title is being "processed for delivery", and I am a nervous wreck about what to do. I have since learned that HSBC is notorious for taking forever to send titles. Has anyone had any experience with a situation like this or any advice about what I should do?