answersLogoWhite
Ask
Motorcycles
Repossession
Motorcycle Law

What can they do if you strip a motorcycle before it is repossessed?

373839
Answer

Top Answer
User Avatar
Wiki User
2004-10-22 09:35:22
2004-10-22 09:35:22

Strip??? as in no motor or tranny?? no wheels? Well, there are laws against doing so. Some states its a felony. BUT, the bottom line is MONEY. You cant sell the parts for what it cost you when the lender sues you for the deficiency balance. Good Luck you could be in serious legal trouble if you do that. however...were you to do that the individual parts would probably wind up getting you more money in the long run (if you dont get caught). the individual parts are worth more than the whole thing...just ask your local chop shop.

1
0

Related Questions

User Avatar

A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.

User Avatar

No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.

User Avatar

Edit: They should replace it. Original: you win.

User Avatar

Certainly. This happens quite often. Repossession agents have the means to pick the motorcycle up and place it safely on a flatbed.


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.