My friend has a new street glide he wants for me to take over . How would I go about doing that do I need to go into a local dealer ?

 

https://pocketsense.com/how-to-take-...-12278270.html

 

 

If that's your only question, you aren't ready for it

 

before you jump into things, how much does he owe on the bike and is the book value equal or higher? most of the time when i see ads for 'take over payments', the payoff amount is more than what the item is worth. unless he put down a substantial down payment (or had a good trade in) then he's probably upside down on the loan and you'd be overpaying for the bike. nothing wrong with doing that, especially if it's a good friend and it's going to help him get out of a really tight jam, if you are in a financial situation where money doesn't matter (few of us are) and realize that it's basically charity.

 

Taking over payments means you get the bike while your friend makes the payments you send to him..run away from that BS.

 

You didn't ask if this was a good deal or a good idea. As set out above, if you want information about "assuming the loan", you will need to get it from the company that owns the note and is listed as lienholder on the title. The company should be able to email or otherwise provide all of the necessary information you will need to determine whether or not you want (or are able) to do this deal.

 

What's his interest rate? Probably fairly high, if he's looking to get out from under it.
Even if your credit rating is better than his, you will wind up paying his higher rate.
If the deal is that good, you're better off getting your own loan, pay his off early, and arrange to have the title transferred to your lender.

 

Ignore "taking over payments". If you want the bike, buy it and finance it on YOUR terms. That way, you get a fair price and you get a rate based on your own credit.

 

I'll go out on a limb and conclude the OP doesn't have good credit and won't qualify with a lender..