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A finance company has contacted you to say the motorcycle you bought 2 years ago has outstanding finance can they make you pay or could they take your bike?
Wiki User
∙ 16y ago
FIRST OFF,ALWAYS CHECK FOR LEINS OUTSTANDING ON ANY MOTOR VEHICLE.YES THE COMPANY CAN MAKE YOU PAY THE OUTSTANDING LOAN,IF IT IS WITHIN THE STATUE OF LIMITATIONS.THEY CAN ALSO REPO THE BIKE.THEY MUST HAVE THE DOCUMENTATION AND IT MUST HAVE BEEN REGISTERED.THE SOLUTION?PAY SMALL TOKEN PAYMENTS ON THE LOAN.IF A PAYMENT OF SAY,$15.00 IS RECIEVED AND THE COMPANY CANNOT REPO.MAKE SHURE THAT A PAYMENT IS MADE AT LEAST EVERY 90 DAYS.THE FINANCE COMPANY CAN THREATEN YOU WITH EVERYTHING SHORT OF DEATH.DON'T BELEIVE EVERYTHING THEY SAY.JUST MAKE SURE THAT TOKEN PAYMENTS GETS POSTED EVERY 90 DAYS.DO NOT PAY CASH,YOU WANT A RECORD THAT A PAYMENT HAS BEEN MADE.THE FINANCE COMPANY'S WILL HATE ME FOR THIS. ROCKIN ROD.
Wiki User
∙ 16y ago
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In a bankruptcy do you lose your motorcycle?
If you owe a finance company for it, they may reposess the motorcycle.
What is outstanding liabilities?
The outstanding liabilities are which are not paid yet. These outstanding liabilities are due on company's balance sheet and we have to pay them. Muhammad Asif MBA (Finance)
What happens if you buy a car with outstanding finance?
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
Can your car loan increase if sold to another finance company?
Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..
Outstanding finance check?
An outstanding finance check verifies if there are any existing finance agreements or loans tied to a vehicle. It ensures that the vehicle's ownership is free from outstanding debt or financial obligations. Conducting this check is crucial when buying a used vehicle to avoid potential legal and financial complications.
What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
A Finance company to finance sales for your Company?
My company doe's home improvements.Need a finance company to finance
Can you finance a motorcycle if you don't have a motorcycle license?
Yes. But some shop doesn't sell their motorcycle to those buyers who don't have license yet.
How do you see if a motorcycle is stolen?
Contact your local police to see if they have it reported, alternatively obtain the Vehicle Identification Number (VIN) from the Motorcycle and have a VIN check report run on it. It should only cost a few dollars but will give you some peace of mind. It will also check for other things such as outstanding finance or accidents.
What does SME Invoice Finance specialize in?
SME Invoice Finance specializes in invoice discounting and invoice factoring. SME Invoice Finance is based in the UK and can be contacted at 0800-083-8835.
When was Home Finance Company created?
Home Finance Company was created in 1990.
What is OASIS finance?
A finance company. Location:
