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Author Topic: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?  (Read 1189 times)

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Offline eames8

Hi Guys

So been searching for a bike for a bit.
Finally found something promising (noob though)

Bike: 2013 BMW F800 GS Adventure
Price: Negotiable R 93 500 (I think I have got the price down to R 89 000)
Bike Details:
- 31 404 kms
- EXCELLENT CONDITION;
- ACROPOVIC SLIP ON PIPE;
- BMW TOP BOX;
- EXTENDED FACTORY WARRANTY; (says he just extended it now)
- FULL SERVICE HISTORY;
- ESA (COMF,NORM,SPORT);
- ABS/ASC (On & off Road);
- 26.7L fuel tank;
- Riding Modes (Switch between On Road & off Road);
- Heated grips;
- Fog Lights.
- Serviced 15 Dec 2015 annual (seen the invoice too).
- Just a commuting bike (apparently not been off road)

Concerns:
- Bike is in Benoni - he is not a Wild Dog - I am in Cape Town. (Will give Yuppiechef beer box to anyone in the area)
- Pics are crap quality
- Bike still owes finance to BMW Finance

Questions:
- Has anyone dealt with buying a bike that still owes finance - is the procedure pretty straight forward? Should I look out for anything? His reason for selling is cash-flow right now.
- Is the mileage high or low for a 2013?

Thanks - any help is greatly appreciated.
« Last Edit: January 12, 2016, 02:39:04 pm by eames8 »
 

Offline Poffmuis

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Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #1 on: January 12, 2016, 02:44:05 pm »
pay the moneys to the bank, do not pay the seller.....

My only 2c
« Last Edit: January 12, 2016, 02:44:30 pm by Poffmuis »
 

Offline Black_Hawk

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Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #2 on: January 12, 2016, 02:52:45 pm »
Hi, the price almost sounds to good to be true for a 800 ADV. That model sell for about R115k - R125k depending on extras and Kilo's. The kilometers on this bike isn't bad for the year model. It done about 15k km per year.

Get somebody to have a look at the bike and make sure that it have is a full service history. The 30k km service is a big one, they replace all fluids and service the front shock.

Regarding the settlement of the finance... it is the worries of the seller to settle the outstanding amount It will take a couple of days for the owner to get the Licence documentation from the bank after settlement (usually 3-5 working days) in order to register the bike on your name.

If you want to finance the bike, then i suggest that you speak to Marzaan and she will give you advice and assist you. She is the wife of falk which is a form member and she have done a couple of private finance deals for fellow WD members.

http://www.wilddog.za.net/forum/index.php?topic=180212.0

http://www.wilddog.za.net/forum/index.php?topic=184437.0
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2010 F650GS (Sold), 2009 BMW F800GS, 2002 BMW F650GS (Sold), 1982 Honda XR200R, 1983 Honda XL600R
 

Offline eames8

Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #3 on: January 12, 2016, 02:59:10 pm »
Hi Black_Hawk

Hi, the price almost sounds to good to be true for a 800 ADV. That model sell for about R115k - R125k depending on extras and Kilo's. The kilometers on this bike isn't bad for the year model. It done about 15k km per year.

Ya the price does sound too good to be true.

Get somebody to have a look at the bike and make sure that it have is a full service history. The 30k km service is a big one, they replace all fluids and service the front shock.

Brother is in Rustenberg at one of the mines for the next 2 weeks so trying to butter up some mates with offers of beer to have a look for me

Regarding the settlement of the finance... it is the worries of the seller to settle the outstanding amount It will take a couple of days for the owner to get the Licence documentation from the bank after settlement (usually 3-5 working days) in order to register the bike on your name.

So I pay negotiated amount to BMW finance, he pays balance, and then when BMW are satisfied bikes moves into my name.

If you want to finance the bike, then i suggest that you speak to Marzaan and she will give you advice and assist you. She is the wife of falk which is a form member and she have done a couple of private finance deals for fellow WD members.

Thanks for the contact - I will be buying cash.
 

Offline eames8

Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #4 on: January 12, 2016, 03:08:57 pm »
This was the last service done on the bike
« Last Edit: January 12, 2016, 03:09:48 pm by eames8 »
 

Offline eames8

Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #5 on: January 12, 2016, 03:10:15 pm »
sorry attached.
 

Offline kwassi

Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #6 on: January 12, 2016, 03:34:02 pm »
Rather finance the bike and pay it off over 6 months
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Offline Black_Hawk

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Re: 2013 F800GSA R 89 000 | 31 404 kms - but bike owes finance? issue?
« Reply #7 on: January 12, 2016, 03:49:15 pm »
I assume that was the 30 000km service as I see that the shocks were service and new oil was put in.

If you pay cash you can pay the seller directly and then he must settle his account. The only thing is that he will only  be able to request the licence documentation once he settled is account. And then it will take him 3-5 working days to get the documentation from the bank. You can only register the bike on your name once you receive the documentation from the buyer. This should be fine as you have 21 days after the sale to do a road worthy and register the bike on your name.

I sold my bakkie a while ago to a cash buyer while I had a outstanding settlement.  We went to the bank together and he transferred the money into my bank account and I then immediately did the settlement for the outstanding finance amount. He needed the bakkie ASAP and we made a "gentlemans" agreement that he can take the bakkie and that I will contact him once I receive the papers from the bank. In my case the money was in my bank account and I did the settlement of my finance, so the risk was on him.

I am not sure if the seller is only looking to settle his outstanding debt on the bike (hence the good price) and to make a clean brake or if he want to get some money back after settlement. If he is only looking to settle his outstanding finance amount I will suggest that you pay Directly to BMW finance, but I am not sure it you are allowed to request the documentation for the bike because the fiance is not on your name. Best is to have a chat with the seller.
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2010 F650GS (Sold), 2009 BMW F800GS, 2002 BMW F650GS (Sold), 1982 Honda XR200R, 1983 Honda XL600R