Sled market predictions

dropitbuster

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If a sled has a lean is there a way to still purchase it and not run the risk of having it repossessed at a later date?
 

skegpro

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I just rode with some skidoo turbos and fully understand why they are selling for such a high price.
As they become more common place I wonder what they will price at in the used market?

$3-4k depreciation per year?
 

tmo1620

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Legally if it has a lien the purchaser must cut the cheque in the name of the lienholder (bank), not to the person your purchasing from. And the lienholder and original purchaser figure out how to clear the lien.

If a sled has a lean is there a way to still purchase it and not run the risk of having it repossessed at a later date?
 

dropitbuster

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I'm guessing this is going to be the case on 90% of used sleds in the next couple of years. There's going to be some good deals out there once the bill collectors come calling but it will be buyer beware.

Legally if it has a lien the purchaser must cut the cheque in the name of the lienholder (bank), not to the person your purchasing from. And the lienholder and original purchaser figure out how to clear the lien.
 

NoBrakes!

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But the guy wrote free and clear of liens on the BOS... so who’s liable?
 

NoBrakes!

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I wrote off a 2014 XM in 2016... got a linked in Message in 2019 from a guy who owned it and it still had a lien from original financing, Which I paid off years prior. Luckily he got a hold of me, I called the financier and they said “whoops, that happens sometimes...” they had not removed their lien....
 

skegpro

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I wrote off a 2014 XM in 2016... got a linked in Message in 2019 from a guy who owned it and it still had a lien from original financing, Which I paid off years prior. Luckily he got a hold of me, I called the financier and they said “whoops, that happens sometimes...” they had not removed their lien....
I bought a sled from a dealership once and when I went to sell it the guy that was buying it found the lein in the title search. I had no idea it existed.

Dealer had to call and get the lein removed. Alot of financial institutions will not remove a lien even after the loan is paid off unless you follow up with them to make sure it is removed, doesn't automatically happen like it should.
 

pfi572

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Starting to see more sleds coming into the market priced accordingly for this time of year.
What they should be .
Only the last 10 days things are switching .
PS
NOT KIJIJI !!!!
It’s a joke
 
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