Rover Eric wrote:
i foolishly used it on my first bike in Michigan years back...
only to find out that Michigan is about the easiest state to title a bike in. Now i just go to the DMV, tell them i bought a bike at a garage sale, they run the VIN in the computer and hand me a new title 2 weeks later.
Nice.
In Iowa, I had to get a bond issued for 1.5 times the value of the vehicle. They determined my P2 to be worth $1000. So I purchased a bond worth $1500 over 3 years, my cost was around $50. In 3 years if someone pops up saying my P is theirs, they get the $1500 bond money and I keep the scooter.
Once the bond was acquired, a DMV inspector had to physically look at the serial number on the bike and make sure it matched all of my paperwork. It took him nearly 4 months to show up at my garage to look at the bike.
After that, I could take the paperwork he gave me and get a title and a plate.