Well it could happen to anyone these days. Even if you bike is paid for they can take it. A friend of mine many years ago had a rental car for a trip. He got tired and let a friend of his drive it for a while, the friend wrecked it. So his insurance company wouldn't pay for the damage. The rental car agency wanted more money than he had. So they got a judgement and got into his property and took his motorcycle. He ended up paying the money he owed an got the motorcycle back.

But the way the world is looking these days they might be reposessing more Harleys than people who are willing to buy them from the banks. You remember the banks right? The ones that gave out home loans to people who couldn't afford them by tricking them into ARM's. THey couldn't pay back the loans and now this is causing people who weren't doing anything wrong to lose their jobs?

 

+10,000
Right on point!
How much interest do you suppose that the bank would charge for aloan if the repo man didn't do his job???? I for one hopes he does a heck of a good job - - - - - I'm tired of paying for the deadbeat "Scum".

 

LMAO


I had a guy take a very high mileage gal off my hands once. He thought he stole her.....I guess one man's trash....

 

To all the people on here so proud of paying cash for their bike, you better have some kick *** insurance. You are not free and clear just because its paid for. One mistake and someone will be taking it. Some fine attorney will be happy you paid for it. Something to think about.

 

I bought a Ford Harley Truck from a guy who was going through a divorce couple years ago for a great price. I felt kinda bad but I gave him what he was asking for it. He didn't want wife to get it I guess? Yea, my heart goes out to people during these times. True some people could use some financial education but it could happen to any of us given the right circumstances. "There but for the grace of God..."

 

You need a good lawyer, not "kick ***" insurance in that kind of situation.

 

5000 + post get a life there bud!

 

Hey sport, read the entire thread then jump in and if you want to direct a question to me, send me a PM. If you wanna discuss it in person, we can do that too but don't sit there looking at the snow outside your window and calling me out in the forum. I'm sick of ITG's...oh by the way, youre a chubby lil hobbit aren't you? ever sit on a bike outside of a dealership?

 

I hate to detour this thread but I had to comment on this.
Tricked people into ARMS?............It's called a contract, all these people had to do was read it. No one was tricked, people tried to live beyond their means without regard for what would happen when that ARM was inflated. Now I agree that the banks should have never loaned that money in the first place but I don''t see how anyone was tricked.