The contract should state the total amount of the outstanding loan, the payment you should make each month, and that the person whose name appears on the loan agrees to transfer the motorcycle title to you once the loan is over. Also specify the details of the motorcycle, for example.B. type, FIN and registration number. The correct procedure requires you to obtain the written agreement of the bank before selling the car to the buyer on the basis of an accepted balance. The bank will carry out a credit check of your buyer. To protect yourself from a ruthless buyer, have your buyer`s credit checked. If the buyer is solvent, the bank will consider your loan premature and will ask you to pay all transaction fees, such as.B. Notice fee, mortgage cancellation, transfer of registration to the bank or buyer, certificate, document stamp taxes and related fees…