Motorcycles
Repossession
Future Tenses

If someone has not made a payment on a motorcycle for three months and it was repossessed what should they do if they do not what the cycle back?

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2015-07-16 18:17:46
2015-07-16 18:17:46

2 choices here.

  1. 1. Call the lender and tell them you dont want it.
  2. 2. Do NOTHING.

Same results either way.

Wrong the result is not the same by not taking action. Remeber you received a loan. The company didn't by a motorcycle they loaned you money. In the case that you do not want the bike back then let it be sold at auction. More than likely you will have a remaining balance which you will still need to pay to get you credit in some what good standing. Make sure and contac the lender and let them know what you want to do.

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