I'm hoping some Missouri residents, and/or folks familiar with titles/liens can answer my question.
I came across a bike I like in Missouri. The owner has the title in hand, and the bike is currently being financed. This is a little bit different than IL. In IL the bank/finance company holds onto the title until the loan is paid off (afterwards, they release the title to the owner).
I've never purchased a bike from someone who has the title in hand AND with it still being financed. Is there anything I need to look out for?
If the Missouri Title indicates the bank as the "owner", the IL DMV will probably give me a hard time. I can call the Missouri DMV, but not sure what to even ask them.