My friend bought a bike under his dads name... (his dad didn't cosign the bike for him.. he actually bought the bike under his own name... but its my friends bike)
my friend is the one who makes the payments on the bike, but the bike is legally his dads.
Is it possible to switch the ownership of the bike to the kids name, even if there is money owing on the bike?
he still owes money to the bank.. but is that considered seperate? or is there a lien on the bike?
the registration papers have my friends dads name on them, not a leasing company or a financing company... does that mean that the loan has nothing to do with the bike...
anyone have any experience on this?