He stopped making payments cuz his employer stop paying him so he had no money to pay for it... and he said he didn't remember that i co signed it for him... and the ****** up part is that after he defaulted his bike loan in Decemeber of 2020 and he had asked me to move the bike in Jan 2021... Because his ex girlfriend is moving on with some other dude, and doesnt want to take care of his ****.
So idk, the more i think about this the more I feel like he knew and he just think he could ran away from a ******* bike loan harmless. (technically he still did, while i take all the ******* ****).
We used to be roomates, he is an international student. So he needed someone whose a canadian to co sign him. So stupid me help him. I don't think I will ever co sign anything unless it's family now lol... and quite honestly I think this friendship stops at about $6500 and a tanked credit score for the next few years lol.
But ye, I managed to transfered the ownership under my name just two weeks ago. The bike is not registered? current plate had been expired for like a year and half. and no safety is done.
I called up VOS Motor in Vaughn where he purchased the bike, and told them the situation. They offered me 4200-4500 for the bike, and the service department said if i want to replace battery gona cost me around 400 bucks.
Im doing my training course this month and should have my m2 by end of June. Riding is always something I have dreamed of doing since I was a kid but never really had an oppertunity or dare to do it. And after reading all the comments I think I'm going to make a decesion of selling or not after I get my m2 and see if I enjoy riding.
But looks like getting the bike fixed up is inevitable. Any recommendations on mechanics or shops that won't take advantage of a newbie rider? The Bike is in friends' garage in Vaughn.
Thank you all for sharing your thoughts and tips.
Much appreciated!
