Ultimate sadness - my baby got repoed!

[fishb8nz]

Decided to stop feeling sorry and start getting even. A bit of dective work was needed.
Google is your friend! Found the guy's previous place of work but was told he'd left. Hunted a bit more and came to a blank so rang the old job again and found someone who knew (sort of) where he was.

Made a few deductions and found him. Rang him up, in Samoa!! He told me he'd asked GE for a settlement figure and paid them what they asked. End of case.

He seemed genuine, thought he'd paid GE. Said he'd call them tomorrow.
Rang GE, again and told them I'd found him. If they needed to send any documents, then they'd need his address in Samoa, which I gave them. Won't identify this person as it could be a genuine administrative cock-up. We'll see. Anyway GE have his address and the vendor knows he's being chased, so some progress has been made. I said I'd call GE back on Friday to check on progress.

How sad am I? I even helped the repo men load my bike onto their ute. Told them to be careful.

[Mr. Peanut]

I suppose its too late now, but you can actually tell them to get fucked!

If the bike is on your property, they cannot legally remove it. They can only remove bikes from the original debtors property.

If they don't like it, call the cops, they'll be on your side.

There's a little place in hell waiting for finance companys, bastards.

[The Pastor]

well maybe you'll get your bike back!


Oh wait, GE will get the money from the guy in samoa and then sell the bike, nothing like dubble profits for getting you to do all the work!

[shafty]

Real sorry to hear of this FishB8;

If, theoretically, theres $300 owing, (PLUS THEIR $400 FEES OR WHATEVER) its prolly in their interests to re sell and make more anyway - I doubt they'd refund the difference to the initial owner? - or am I being cynical?

[caesius]

They can only remove bikes from the original debtors property.

Aye? How can the bike ever be repo'd then?

[Nasty]

I reckon. $25 is pretty steep if you're checking out a bunch of vehicles.

Lesson learnt - I bought bike number 4 on Tuesday ... prior to agreeing a price I did a VIR and found money owing - rang the guy and discussed .. yes small amount to be paid ... rang the finance company and found their procuedure was simple - I get the owner to ring them for settlement figure to be sent to me - I pay the amount to them and recieive a letter showing debt is cleared and finance dudes clear it - and then pay balance to the owner - this was agreed by all parties and is what I did ... I know its clear .. and I know its mine! .. and later I will post what I bought .. but not till its in Wellington!

[sAsLEX]

I suppose its too late now, but you can actually tell them to get fucked!

If the bike is on your property, they cannot legally remove it. They can only remove bikes from the original debtors property.

If they don't like it, call the cops, they'll be on your side.

There's a little place in hell waiting for finance companys, bastards.

Can we have this confirmed?

[DMNTD:Me]

If the bike is on your property, they cannot legally remove it. They can only remove bikes from the original debtors property.

If they don't like it, call the cops, they'll be on your side.

100% wrong sadly....hence why a VIR is the first thing one should do when purchasing any vehicle. They have the "right" to pick up "their" vehicle from where ever it may be.
However...the collections guys screwed up by not offering you the chance to clear the debt! All it takes is a phone call to their office and all could have been sorted....potentially.

Sucks arse mate,we had to learn the hard way too as did another local KB'er.

[sAsLEX]

100% wrong sadly....hence why a VIR is the first thing one should do when purchasing any vehicle. They have the "right" to pick up "their" vehicle from where ever it may be.
However...the collections guys screwed up by not offering you the chance to clear the debt! All it takes is a phone call to their office and all could have been sorted....potentially.

Sucks arse mate,we had to learn the hard way too as did another local KB'er.

Good to see the law doesn't defend the innocent in this country. It seems slack that someone can just rock up and take something you have paid or, no questions asked

[DMNTD:Me]

Good to see the law doesn't defend the innocent in this country. It seems slack that someone can just rock up and take something you have paid or, no questions asked

Innocent maybe....naive definitely.
$25 is a small price to pay for knowledge of a clear title.

[Grub]

I bought bike number 4 on Tuesday !

Yes, we need a bigger garage! The car is now under the trees, it's spring, pollen's flying, birds are shitting.

I know its clear .. and I know its mine! .. and later I will post what I bought .. but not till its in Wellington!

You're just being a tease ....

[sAsLEX]

Innocent maybe....naive definitely.
$25 is a small price to pay for knowledge of a clear title.

Well how hard would it be for there to be a stop in the change of ownership process if money was owing?

Thereby protecting everyone in the process?


Not hard but I bet they are more interested in bribing votes than sorting out the injustices that happen to normal NZs.


But yes its not hard to text FIND to get the info.

[DMNTD:Me]

Well how hard would it be for there to be a stop in the change of ownership process if money was owing?

Thereby protecting everyone in the process?.

Don't know about stopping the transaction but if it could simply give the owner to be the knowledge then everyone would be covered.
But until then...self preservation

[Skyryder]

I am firmly of the opinion that some kind of legislation is in order to prevent this sort of thing. Something along the lines if you sell a vehicle knowing that money is owed on it and do not tell the buyer then you become accountable. Something along those lines with an appropiate penalty. As it now stands it's buyer beware. Should be seller beware.

Skyryder

[Nasty]

I am firmly of the opinion that some kind of legislation is in order to prevent this sort of thing. Something along the lines if you sell a vehicle knowing that money is owed on it and do not tell the buyer then you become accountable. Something along those lines with an appropiate penalty. As it now stands it's buyer beware. Should be seller beware.

Skyryder

Problem with that is it becomes a he said she said situation .. the previous owner will always say ... I told them ... and the new one will say ... no they did not inform me.