What Would You Do?

Gathering

Dispatch

Member
If you are this concerned theres 2 options I see:
1. Don't mess with it or
2. See an attorney and he probably will charge you an hour and tell you to not f@k with it. It looks like it has ran it's course
Based on this situation, I would think it makes it difficult for them to sell bikes, it creates anxiety for the buyer, naturally.
 
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mjsk9

Active Member
Lifetime Supporting Member
Supporting Member
Anybody know any specifics I should add for the write up that would make it legal?
Not sure if this is a legitimate request or messing with us.... If it is, go to Template.com and you can download a simple purchase agreement for in the "word" format so you can modify; i.e., delete, add information and customize it to your situation....

upload_2019-5-8_8-12-44.png
 

pknowles

semi-retired...---... GURU C7Z06...---...
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And why trade a bike in. You know you're getting a lot less than you could by selling it yourself. The time you have put in on here could have been used selling it;).
 

Ernie12

Active Member
I agree, you are creating your own anxiety. Learn to relax and chill. I seriously doubt big dog is going to screw you. if they were going out of business, why did they just buy a bigger building to move into.
And why trade a bike in. You know you're getting a lot less than you could by selling it yourself. The time you have put in on here could have been used selling it;).

and there you go :oldthumbsup:
 

PROFLYER

SWOLE
Lifetime Supporting Member
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But the thing is it most likely isn't worth 20k, you'd have to get the VIN number and see what your insurance company will give you if it were totaled out.

That's its true worth and value.

The owner/dealer should consider this, what's something worth that nobody wants to buy?
If you think your 2019 that's going to run you 40k will be worth anymore than 15-20k in a total loss once it's even slightly 'used', you're not thinking this through. What's the book? What are they selling for on cycletrader etc? That's how insurance companies determine value. Your policy states that they have to return you to 'pre-loss condition' and if they can get you a 'used' 2019 for 20k, that's all you're going to get.
 

Dispatch

Member
And why trade a bike in. You know you're getting a lot less than you could by selling it yourself. The time you have put in on here could have been used selling it;).
It has to be done this way otherwise I get clobbered on the taxes, its supposed to minimize tax implications for you when you register the new motorcycle and provide proper chain-of-title...
 

Ernie12

Active Member
It has to be done this way otherwise I get clobbered on the taxes, its supposed to minimize tax implications for you when you register the new motorcycle and provide proper chain-of-title...
You are right about that you will get credit for your trade-in. Example:$40k for new bike $20k trade-in then only pay tax on $20k Right ?
 

MossBerg590

Active Member
Have you contacted Big Dog directly and voiced your concerns and see what they say?
You also say that your doing it this way to save on tax, but if you think about it..the dealer isnt gonna give you what your bike is worth for a trade in, so if you just sell your bike and get that extra 4k+, you will cover the "Extra" tax and then some more than likely.
 

pknowles

semi-retired...---... GURU C7Z06...---...
Lifetime Supporting Member
Supporting Member
It has to be done this way otherwise I get clobbered on the taxes, its supposed to minimize tax implications for you when you register the new motorcycle and provide proper chain-of-title...
Trade in and down payments are all tallied towards the actual sale price. There is no honest way to lower the a total sale price other than a discounted sale. How long have you been in the market:(
 

Mickeetwo

Guru
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In Arkansas if you sell your bike or automobile within 30 days of purchasing a new one, you can deduct the taxes from your purchase. Just like you traded it in to a dealer. The state will send you a check
 

Nukeranger

Nukeranger
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Maybe you could move to another state to get a better deal on taxes? :oldhardlaugh::oldhardlaugh::oldhardlaugh:

It’s like I would love to move back to California and build the same house I have here but it would cost 3.5 Million dollars.......no, hold on wait a minute, if I have to pay taxes. Ah, never mind, I’ll stay in Louisiana with my $190,000 dollar house.

Crap, I don’t think I’m thinking right....I’ll have to give up my coffee!

So in the end can we assume “What would you do” translates to give up coffee as the solution?
 
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