I know it's buyer beware out there when purchasing motor vehicles privately-you should definately do your due diligence.
When purchasing from a dealership, is it safe to assume that the information they provide is accurate and that no significant details are left out of the contract?-specifically damages that are greater than 20% of the value of the bike? Are the dealerships not legally obligated to do so under the sale of goods act? Motor vehicle act?
Well I'm kind of in a bind here. A prospective buyer did an ICBC check on my bike and came back with some shocking news-there was a $6800 claim on my 96' Blade(right before I had made the purchase from the dealer). And of course the deal was called off. If I had known, I would have never purchased the bike.
Equally as shocking is that the purchase was made from a fairly reputiable dealer that's been around since 1984-owned by Michael Eyre and is part of the Better Business Bureau.
So now I'm stuck with a bike that I paid nearly $9000 back in '99 but now its probably worthless as it's most likely got a "rebuild" status. What to do????