
Originally Posted by
FJRider
The lenders don't give a shit about the cars ... if the car is crushed ... the repayments expected/due on it will still continue.
The borrowers credit rating may mean higher interest rates on the next loan ...
If the defaulter gets his car crushed he will still have to front up with the money to the lender. Then so be it. Most defaulters wont be able to dismiss a finance co demands as they seem to do with fines.
When I got my last fine ( $12.00 for 51mph with a pillion ) my old man dragged me up to the courthouse and watched as I paid the ticket. Told me if I ever got another ticket, the bike ( new XS2 ) would be locked away in his workshop until I'd learnt to appreciate the privilege of having a vehicle. In those days my father was someone I listened to , or else.
And, if they crushed bikes, wonder what style of bikes would get crushed the most?
" Rule books are for the Guidance of the Wise, and the Obedience of Fools"
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