Horsesport.com - Full Article
Be careful when purchasing a horse trailer from a private seller, or you may find it being towed away by the bailiff.
By: Tracy Dopko | April 5, 2023
In your quest to find a used horse trailer, you come upon the perfect one. It ticks all the boxes and is exactly what you’ve been looking for. You make sure to lift the mats and inspect the floorboards, ensure all the running lights are in working order, and that the brakes and tires are good. The seller provides you with a bill of sale and signs the back of the registration. You hand over the money and proudly take your newly-purchased trailer home.
You obtain insurance and have the registration changed, put on your new license plate, and start heading on the road for show season. Four months later, a licensed bailiff with repossession orders shows up at your property and takes your trailer away, stating there is a lien on the trailer that hasn’t been paid.
This may sound like a far-fetched story but could happen if the trailer you are looking at has a lien on it and no effort was made to complete a lien check before purchase...
Read more here:
https://horsesport.com/magazine/business/used-horse-trailers-liens-buyer-beware/
No comments:
Post a Comment