I'm looking into buying a bike, the engines blown (which isn't a problem I have another lined up) and I have mechanics looking at the bike so that isn't a problem. He's mentioned that he still has 5k to pay off on the bike. Which I'm assuming is through the dealership, I'm looking to get it for around 4k. So what happens if I buy this bike of him? They cant repossess the bike if he stops making payments can they? or anything like that?
How can I guarantee that once I purchase the bike, it's mine for what I paid and nothing else can come back and bite me