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daotoys1
Joined: 29 Feb 2008
Posts: 202
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 Posted: Wed May 27, 2015 1:31 am Post subject: BIMOTA MSO & possible title problem(s) ???? |
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I was hoping that there may be a few BIMOTA USA fellows out there that can help me with an interesting "problem" Im having.
I have a brand new BIMOTA ( USA legal import model ) that I bought a number of years ago. This bike is brand new and I received the original MSO and a bill of sale from the dealer / collector that I bought it from.
Recently I had a fellow agree to purchase this bike from me , knowing that it has the MSO and that it has never been registered or titled , nor plated.
I have a number of bikes in my collection that I have never titled or registered ( and of course I have the MSO ) .
The problem is this : the fellow who agreed to buy this bike gave me a deposit and committed to buy the bike. it was set up and prepped for shipping and I was waiting to get the balance due paid to me before having the bike shipped.
The fellow had agreed to buy the bike with the MSO and a signed bill of sale from me. Originally he said that he was not going to ride the bike , but keep it as a collectors piece as I had done.
Then out of no where this guy tells me that he will only buy the bike if I get it registered and titled ( I live in Colorado USA ) and that he wont buy the bike unless I title it.
Questions: the potential buyer lives in Florida USA. I live in Colorado USA .
Does Florida have laws against the purchase of MSO & bill of sale only bikes ? Cant the guy buy a bike with a MSO & signed bill of sale ?
A second related question: Does Florida prohibit titling and plating a MSO only bike ?
I dont know if this guy is playing me or if there are real problems he is facing .
Any help and or information to help clarify this is greatly welcomed
Thanks
DAO |
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yb11reno
Joined: 14 Feb 2015
Posts: 111
Location: Reno, NV USA
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| Posted: Wed May 27, 2015 5:22 am Post subject: Mso |
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He's afraid it may be gray market - I.e. Not certified to meet U.S. standards for import. It was happening with some Porsches and Mercedes in the 80s and 90s, buyers found out they couldn't register them without paying $$$ to install the safety and emissions equipment the U.S. Requires. Does it have the catalytic converter, which I think is required for your year - not sure since I haven't really researched. Does the Mso state import to us. Maybe if you can assure him it complies with U.S. import rules he'll relax on the registration issue.
Jack
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Jack
Reno, NV |
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yb11reno
Joined: 14 Feb 2015
Posts: 111
Location: Reno, NV USA
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| Posted: Wed May 27, 2015 6:47 am Post subject: |
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Also, I don't know if this helps or not. I bought a 97 yb11 at the Las Vegas motorcycle auction in January. It had a Missouri title that showed purchase date of 12/07/2007, and the date issued shows 01/12/2015. According to the seller the bike came from a former Bimota dealer in Daytona beach, and he was the first owner. So apparently, it sold on MSO 10 years after date of manufacture. It's odd that the Missouri title shows date of sale 2007' but title was not issued until 2015, so I have to conclude that it remained on Mso for 8 years until the first owner finally applied for title. Finally, the speedometer is in kilometers, not mph, I was apprehensive about getting a title for it. When I took it in to Nevada dmv, they didn't blink an eye.
Jack
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Jack
Reno, NV |
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daotoys1
Joined: 29 Feb 2008
Posts: 202
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| Posted: Wed May 27, 2015 7:14 am Post subject: |
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| yb11reno wrote: |
Also, I don't know if this helps or not. I bought a 97 yb11 at the Las Vegas motorcycle auction in January. It had a Missouri title that showed purchase date of 12/07/2007, and the date issued shows 01/12/2015. According to the seller the bike came from a former Bimota dealer in Daytona beach, and he was the first owner. So apparently, it sold on MSO 10 years after date of manufacture. It's odd that the Missouri title shows date of sale 2007' but title was not issued until 2015, so I have to conclude that it remained on Mso for 8 years until the first owner finally applied for title. Finally, the speedometer is in kilometers, not mph, I was apprehensive about getting a title for it. When I took it in to Nevada dmv, they didn't blink an eye.
Jack |
REPLY : The bike was legally imported into the USA by Bob Smith of Moto Point the USA BIMOTA Importer at that time. It is a USA legal bike . It even has the DOT marked exhaust canisters , the emissions equipment and charcoal canister . I understand it to be 50 state legal . In fact this bike originally belonged to Bob Smith .
I appreciate your reply . But this bike is for sure a legally imported USA model. Your point however is a valid one . The "Grey" imports can surely be a problem at least in some states .
thanks
DAO |
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vort28
Joined: 22 Mar 2010
Posts: 2195
Location: Northwest , UK
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| Posted: Wed May 27, 2015 1:31 pm Post subject: |
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| I know this is a US discussion but in the UK the law/rules change all the time as does the format of the paperwork. I know for a fact that a unregistered pre 2008 bike which is less than 10 years old, CAN NOT be registered on the paperwork it was supplied with , without further inspections . The emmisions etc do not conform to the latest standards. In the UK it is not when it is built, but when it is registered which determines what emmisions it has to pass. |
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Falcolion
Joined: 20 May 2012
Posts: 147
Location: Brookyn, NY
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| Posted: Thu May 28, 2015 7:55 am Post subject: |
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I don't think it has to do anything with emissions. The problem stems from the fact that the MSO (certificate of origin) is issued by the manufacturer and during the sale is filled in with the information of the purchaser. Purchaser, in this case you Douglas, haven't paid a dime in sales tax to your state. But as we all know government wants it's cut. So, a lot of states can give your buyer to much of a headache. I perfectly understand that when you bought from Moto Point and shipped it from Pennsylvania to Colorado, you just did bother registering your bike and obviously didn't pay your state sales tax. I am not sure if there is any way around it.
By the way bike didn't have to be plated and could have been titled only.
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daotoys1
Joined: 29 Feb 2008
Posts: 202
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| Posted: Fri Jun 05, 2015 7:55 pm Post subject: |
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| Falcolion wrote: |
I don't think it has to do anything with emissions. The problem stems from the fact that the MSO (certificate of origin) is issued by the manufacturer and during the sale is filled in with the information of the purchaser. Purchaser, in this case you Douglas, haven't paid a dime in sales tax to your state. But as we all know government wants it's cut. So, a lot of states can give your buyer to much of a headache. I perfectly understand that when you bought from Moto Point and shipped it from Pennsylvania to Colorado, you just did bother registering your bike and obviously didn't pay your state sales tax. I am not sure if there is any way around it.
By the way bike didn't have to be plated and could have been titled only. |
Thank you for your reply. It does add a different light on the topic. The bike in question is one of many that I had purchased brand new for my collection. These particular bikes I bought only as collector pieces. I had no intension of ever riding them and for that reason I never registered or titled or plated them.
In my collection I have some bikes which I bought only as collector pieces , and other bikes which I purchased to ride and use. The bikes that I rode would be registered, titled and plated ( for street use ). For race or off road use I did not pursue any special papers beyond the stuff that came with the bike during purchase.
The bike that we are talking about here was made in 2006. Bob Smith the importer had it in his collection and he kept it on the MSO. Eventually the bike got to me ....only on the MSO and a bill of sale . So the bike , even though it is a USA imported street legal vehicle has never been used on the street so it has lived only with the MSO .
The fellow who committed to buy the bike knew it was a MSO only bike . I told him that he would also get a bill of sale from me . And he agreed to this.
A number of weeks passed and he then changed his mind without going into details to explain to me what problems came up if any.
Maybe he had fell on hard times and could not get the money together? Or his wife would not let him buy yet another bike / man toy ?
Part of the problem is that he never told me exactly why he backed out of the sale . The bike was and is as it was described . So I was good on my end of the deal .
Thanks for your comments .
DAO |
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