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dealpig
Jun 10th, 2006, 10:12 PM
I have a used vehicle package for a motorcycle I'm looking at purchasing.

There are a few things I'm concerned about:

(1) - Year of a bike is a 2002 but the Used Vehicle Package says it wasn't registered until 2004.

(2) - The Vehicle details includes "Cylinders 0" which I assume means that the bike has a 0 cylinder engine. Any idea what that could mean? It's obviously a 2 cylinder engine on the bike.

(3) - The wholesale and retail value of the bike is listed as $000.

Can anyone shed some light on to the reason for these odd items?

If someone has the ability to get a carfax report for me please PM me and I'll provide the VIN.

Pete_Coach
Jun 11th, 2006, 09:22 AM
1. Depends who you are buying the bike from, if the dealer has not sold the bike before 2004 because it sat around the showroom, then it may not have been registered before 2004.

2. The number of cylinders should be correct.

3. The wholesale and retail spaces may be blank because they are dependant on condition (wrecked, worn, etc).

Where did you get the package? The seller is responsible for the information and/or check with the MTO nearest to you. MTO only provides data on those packages that it has been given upon initial registration. If the data is bad, then the original applicant got away with something.

dealpig
Jun 11th, 2006, 09:30 AM
I'm buying the vehicle from an individual (private sale).

The vehicle is in excellent condition (as far as I can tell). I'll have to talk to the MTO tomorrow about the cylinders and price catagories on the form.

I got the package from the seller who purchased it from the ministry.

Pete_Coach
Jun 11th, 2006, 09:45 AM
The seller is the one who has to ensure the correctness of the details on the package.
What i meant by the initial registration is ythat the dealer may not have sold the bike till 2002. If the guy you are buying the bike from bought it in 2002 , it is another reason for him to ensure correctness.
As I mentioned before, the wholesale and retail prices are dependant on condition, hence blank. Last time I sold a car it was for less than the "black book" wholesale value and the person at the MTO (who only uses the information to determine how much tax you should pay) disputed the selling price. I went to the MTO and told them why it sold for the amount and they let it be. This is to prevent every private sale from being for a dollar to escape taxes.
All in all, the actual vehicle details must be correct (cylinders, VIN, etc) just to protect yourself in the future. A lot of vehicles can be "put together" using serial numbers, parts and, discriptions, never being the actual vehicle that the serial number was originally for.
Hate to find out you are buying a 4 cylinder Honda and the serial number belongs to a 2 cylinder Suzuki! ha ha