TO TRADE OR NOT TO TRADE? that is the question...

[RATHRACING450R]

Hey guys,

I have a chance to trade my 450R for a full blown hybrid.

I'll post a picture of both.....

heres my problem.... I still owe money on the loan for my 450r, is it legal for me to trade? my parents told me it isn't..


what would you do?

first a pic of my 450r

[RATHRACING450R]

ok well i can't get the pic of the hybrid to load

its a full viper/legacy chassis and swingarm, long travel houser a-arms

lt axis shocks all around, 04 crf motor, silver fullbores, etc etc etc

14!!!!!!...thats my number too!:p

[440bigborekit]

its legal if you still pay on the 450r but you cant just stop paying cuz you dont have the quad anoymore and what kind of shocks are those?

[RATHRACING450R]

2005 z400 shocks, with 450r works triple rate springs and a revalve

[MOFO]

How are you going to give the title over to the new owner if you still owe and the bank is holding your title????

[RATHRACING450R]

they don't title atv's in minnesota

[wilkin250r]

Actually, it could go both ways. It depends on the loan type, and who has legal "ownership".

With a car loan, the bank always has the title to the car, they have legal ownership until it is payed off. If you stop paying, they take the car back, because it's not yours, it belongs to them.


A quad is a little different, a bank can hold the title, but it doesn't always have to. Some states don't issue titles, and some banks don't want ATVs. Instead, they either secure the loan another way (like a car title), or they simply extend a personal loan without collateral. This is exactly how I bought my 250r. The bank didn't want the title to the ATV, so I gave them my car title instead to secure the loan.