answersLogoWhite
Repossession

How do you collect a motorcycle that your friend never paid you for?


Top Answer
User Avatar
Wiki User
2015-07-15 18:49:54
2015-07-15 18:49:54

IF you have a loan agreement and/or a TITLE in your name, you know where it is, can find it, go get it.probably need a KEY also. If its more complicated than that, get an attorney or call a repo company for advice. Good Luck

Cindy, thanks for the extra info. You can hire a real repo company to get the bike(MONEY) or you can use a trailer if you are quik and you are sure he is "BUSY". If ya need more info, email me. Stolen, Not if you call it in as a repo ASAP after leaving the area. LOL

Related Questions

User Avatar

The friend is obligated to clear the title before attempting to sell it. A lien is a legal document that protects the lender. The lien is a notice of interest in a piece of property and gives notice of partial ownership. The banks interest in the property cannot be set aside until the note is paid. If the note is never paid the property can be taken by the bank in a process called reposession. If you or your friend do not pay for the loan on the motorcycle, the bank can take it back from you.

User Avatar

Yes you can. You paid for it and never legally rode it, therefore you never registered it. Now you want to sell it and can, as long as you have the clear title.

User Avatar

they don't get paid they probably live of welfare, and they probably collect from people but if they are homeless it depends on the amount of Penny's they collect on the ground


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.