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Financing a Bike before the trip? Financing a Bike before the trip?
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Trip Paperwork Covers all documentation, carnets, customs and country requirements, how to deal with insurance etc.
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  #1  
Old 10 Sep 2014
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Financing a Bike before the trip?
Hi All,

First post here. If you don't own the bike and are financing from a bank does that affect documentation or make it more difficult?

Just so you know I'm planning a trip that may involve more then 6 countries.

Thanks,

Scott
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  #2  
Old 10 Sep 2014
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Hi Scott:

I think it depends only on what name appears on the ownership/registration document for the motorcycle.

If it is your name on the document, then whatever financing you may have makes no difference at all.

Michael
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  #3  
Old 10 Sep 2014
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Going to Mexico, for instance, requires a notarized letter of permission from the lien holder. Good luck with that one.
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Old 10 Sep 2014
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Hi,
Financing a bike sounds as if you are short of money (not good for a trip) or the bike is very expensive (not good for a trip because high loss of value per kilometer). I would leave this expensive thing at home and get a cheap bike like a tenere or transalp for 1000 bugs. Then you can enjoy your trip and dont have to worry about the bike might get some scratches or even get stolen.
Travel save, Tobi
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  #5  
Old 11 Sep 2014
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I still haven't decided what bike to buy yet! Money isn't quite the issue.

I was considering something newer. It just might make more business sense instead of purchasing outright. Just wanted to see what hurdles there are. As stated an older and/or cheaper bike might make more sense. Anymore advise with this would be appreciated
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  #6  
Old 11 Sep 2014
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Whatever the bike, you need one with a clear title, no lien.
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  #7  
Old 11 Sep 2014
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I'm not sure, but are there any restrictions in the countries where you plan to travel that might require you to have a clear title? I'm not a world traveler, but it seems to me that each country might have specific requirements. Maybe you would require full ownership to purchase insurance in those countries, get through customs or border crossings etc.

But one of the RTW travelers would know better than I.
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Old 12 Sep 2014
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Uk here and my friend just shipped bike to the US for a trip and had to pay off finance or they wouldn't put it on the boat!


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