I have a friend, rather had a friend, who left Canada for his home in Poland due to immigration problems. He had acquired a 2003 Yamaha R1 and was riding it around without papers, I am almost certain. When he was leaving, he sold me the bike for $500. I know that this is not fair market value nor is it reasonable consideration but I was wondering whether I would have a hard time trying to convince ICBC that this occurred without having a bill of sale to supplement?
Also, the bike has no VIN on the frame so I assume that it is a U-Built. I took the bike out on the street for a test run; it was under the pattulo, where all of the industrial shops are and I ran in to a cop. He pulled me over and since I didn't have a title nor registration, he had the bike towed. He noticed that the frame had no VIN so he assumed that it was stolen; he took down the engine VIN and any other numbers that appear on various parts and ran it by dispatch. Thank GOD it came back negative because I was about to piss my pants. The officer was rather nice about the situation and even offered me a smoke while waiting for the tow. He told me that I would need to get an ICBC VIN number and have the bike inspected before it could legally be back on the road. Prior to doing this, I want to know whether it is, first of all, going to work and, secondly, how long it is going to take?
Any help in this matter would be great guys. I am brand new to this forum but from the posts that I have been reading, everyone seems rather helpful so, once again, I would appreciate any help.