SuzukiSavage.com - Bike in repossesion.

papi_ocho Full Member Offline super stock thumper Posts: 136 Oceanside, CA Gender:	Bike in repossesion. 07/21/11 at 08:07:41 Again asking just to ask. If its in repossesion. Would it be wrong to strip it and turn over the frame?
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Sunchasers Full Member Offline SuzukiSavage.com Rocks the Rockies! Posts: 232 Northern Colorado Gender:	Re: Bike in repossesion. Reply #1 - 07/21/11 at 08:17:53 In my opinion, that is a different scenario! I would say Yes, unless you are just removing personal items that do not affect the original value or function of the bike.
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verslagen1 YaBB Moderator ModSquad Offline Where there's a will, I want to be in it. Posts: 28886 L.A. California Gender:	Re: Bike in repossesion. Reply #2 - 07/21/11 at 08:25:30 yes, wrong and unethical, you didn't finance a frame did you? now if you bought a sow's ear and you turned it into a silk purse, it would not be wrong to return it to original condition.
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Bike in repossesion. Reply #3 - 07/21/11 at 10:11:14 Bad move to be rippin stuff off of it,, unless its stuff YOU paid for, outta your pocket, after you financed it,, thats your stuff, but the bike, as you financed it, belongs to someone else.
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kimchris1

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Pink Posse Rider...

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Belfair, Washington
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Re: Bike in repossesion.
Reply #4 - 07/21/11 at 10:37:20

#1. If a bike is being reposessed, it is due to payments
not being made.
That is not the fault of the finance comapny. The bike
should go back in the same shape it was when first
financed.
Hopefully they can re-sale it and their would not be
much if any of a deficit for the owner to repay.

So in answer to your question. IMO, yes it would be
wrong to strip it..

kim

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Grand Strand

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SuzukiSavage.com
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Posts: 71

Re: Bike in repossesion.
Reply #5 - 07/21/11 at 16:46:19

Papi,

I’m glad you ask, it is easy to want to lash out. It’s also easy to want to preserve self interests. However, the advice here is right; you should refuse to “give in” to this. The “man” didn’t create this problem, it just feels that way.

Keep your accessories, but let the bike go back in as good a shape that it can. Ask about a refi, amended payments, or even a repurchase might be an option.

Good luck, I hope that it goes well for you,
Larry

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Routy Serious Thumper Offline SuzukiSavage.com Rocks! Posts: 2280 Winston Oregon Gender:	Re: Bike in repossesion. Reply #6 - 07/21/11 at 16:54:23 Quite simple,..... Untill its paid for, you don't own it. You can't take what you don't own You can take what you do own,....... unless its like a....... replacement motor/tranny that you paid for, then you can't even take what you paid for
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Stimpy - FSO

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Re: Bike in repossesion.
Reply #7 - 07/22/11 at 04:24:06

CASH people, CA$H!

please use cash to buy low value items, like motorcycles, jeez.

Don't have that much cash?
Well that just means one thing:

That you CAN'T AFFORD your toy
so save up or get a bicycle; motorcycles are always
a good investment cause they end up paying fror
themselves may times over in gasoline savings.

...repossesed motorcycles, lolz Roll Eyes

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Recently sold 97'savage (change of residence) - looking to buy another - just bought a temp, a great SR125 called 'methadone'

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LostArtist

Ex Member

Re: Bike in repossesion.
Reply #8 - 07/22/11 at 10:43:35

Stimpy - FSO wrote on 07/22/11 at 04:24:06:

CASH people, CA$H!

please use cash to buy low value items, like motorcycles, jeez.

Don't have that much cash?
Well that just means one thing:

That you CAN'T AFFORD your toy
so save up or get a bicycle; motorcycles are always
a good investment cause they end up paying fror
themselves may times over in gasoline savings.

...repossesed motorcycles, lolz Roll Eyes

thanks for the holier than thou attitude . . . I'm sure that helped

and motorcycles are never a good investment, neither are cars or houses. you'll pay more in maintenance than anything you save in gas on a motorcycle, and cars just depreciate like crazy, and houses cost you in taxes, upkeep, lawn car, repairs, etc. .. so even if it goes up in value you still probably paid more over the years than its increase in value

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photojoe FSO

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I did warn you to
brace yourself

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New Jersey
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Re: Bike in repossesion.
Reply #9 - 07/22/11 at 10:51:30

Back in the 80's (yeah, I'm old) I had a small drywall business. Bought a new truck during the good times then the big housing bust happened. No work for a really long time. Fell behind on truck payments, and they called saying they had the papers to repossess. I said "come on over and I'll hand you the keys."Honestly, it was a relief to be rid of it and the $350 a month payments.

Let it go in the same condition. When times are better, you can find a good used Savage for $1000.00.

I know it sucks, but it is what it is. Good luck, and remember that the bad times won't last forever. Resilience is a quality that we all possess. Just have to find it is all.

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FSO

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Boofer

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Nearly too old.

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Re: Bike in repossesion.
Reply #10 - 07/22/11 at 11:26:19

I agree with Stimpy FSO. Pay cash any time you can. I live in a small house that's paid for. 2000 Grand Prix, 86 C20 Chevy, Savage, TRX 300 Atv, $1500 camper 30 yrs old. All paid for. The only thing I can see going bankrupt over is hospital bill, and so far, I've managed not to do that. I am not holier than thou or anybody, but If you sign on the line or shake my hand, you better well know I expect my money. We have a whole world of 30 somethings and below who expect what their parents have after 40 years of saving and hard work. If anyone on here is not in that category, please don't give me a lecture about why you're not. This is meant for those who can't control their impulses to buy toys.

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LostArtist Ex Member	Re: Bike in repossesion. Reply #11 - 07/22/11 at 12:03:31 I financed my bike, if anything happens and I lose my job or whatever and I can't make the payment and I have to sell it, eh, that's okay, it's a motorcycle, not the end of the world, I'm not going to cry over losing it.
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Stimpy - FSO

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Germany - formerly SD, SoCal
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Re: Bike in repossesion.
Reply #12 - 07/22/11 at 12:32:55

Not here to argue.

No attitude, seriously,
it's just the way it is,
and don't take MY word for it

... just look around!

Credit and financing have RUINED the world.

Credit is basically the illusion of owning something now
based on the delusion that in the future you will surely,
somehow, magically, have more money than you have now.

Life, however, usually DOES NOT go according to our plans,
there are waaay too many variables and uncontrolable factors,
and the bankers know it.

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« Last Edit: 07/23/11 at 01:51:07 by Stimpy - FSO »

Recently sold 97'savage (change of residence) - looking to buy another - just bought a temp, a great SR125 called 'methadone'

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serenity3743 Serious Thumper Offline Striving to better, oft we mar what's well Posts: 778 Black Mountain, NC Gender:	Re: Bike in repossesion. Reply #13 - 07/22/11 at 13:05:54 And our government (all parties included) seems to operate on the borrow-now-pay-later philosophy. It doesn't work for governments, families, or individuals. Government is increasing the "debt ceiling" so they can continue to "rob Peter to pay Paul."
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LostArtist Ex Member	Re: Bike in repossesion. Reply #14 - 07/22/11 at 13:09:34 Stimpy - FSO wrote on 07/22/11 at 12:32:55: Not here to argue, . now what am I going to do to waste time at work. . .
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