Last September I bought an 02 CBR 600F4i from someone that was advertising here, bike was in great shape, low km's etc. Price was in line with others so no mind alarams were going off. We agreed on a sale price and I proceeded to write up a sales agreement.
My basic private sales agrement includes the following catch line, " This (description of bike) is being sold free of all liens and encumbrances as is where is with no warranties or garantees expressed or implied." This protects myself from liens etc and also states to the seller that I am not interested in pursuing him for any warranty issues post sale.
So after we both sign and date the sales agreement we do the bike transfer and the bike is mine. Fast forward to now.
I wrote the bike off a few weeks ago, spent 3 weeks in hospital and get out to deal with ICBC. I speak with the adjuster and she is all ready to give me a cheque for the bike that is made out to myself and Honda Canada. I said WTF. Apparently there was a lien on the bike that they never mentioned, even though they signed a paper saying there were no liens. So I did not accept the cheque and the ICBC adjuster is working to get the lien on th ebike released because I do not owe Honda Canada the money.
Moral of this story is, even though people will verbally tell you something and then even go as far to sign an agreement stating there are no lliens, SPEND THE MONEY AND GET A VEHICLE CHECK DONE WITH THE GOVT.!!!!!!
It will save you a lot of frustration in the long run.