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How do you repossess a motorcycle financed in your name but in the possession of another who has defaulted on loan?

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Wiki User
2015-07-16 19:19:53
2015-07-16 19:19:53

One can either take the bike ones self or hire a recovery agent to do it. Does one know where the bike is? Do one have a key to the bike? Do one have somethiong to haul the bike on?

PS. is one's name on the TITLE? id not, one is in a bad place. If one is ONLY on the loan and not the TITLE, one has been had.

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No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.

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IF the TITLE is in your name ONLY, it is your car and you can take possession anytime. Be prepared for a possible countersuit for BOC by the ex. Good Luck

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yuo. financed motorcycle always need full coverage . i bought my gsxr finanaced and had to get full coverage . The dealer ship requires u to get it -_-

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Depends on who you financed your bike through. If you financed it through the actual motorcycle dealership than you should give them a call and ask for the title. Same thing goes for a bank.


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