Ultimate sadness - my baby got repoed!

**fishb8nz** · 28th September 2007, 16:36

The previous owner is working in Samoa so communication is patchy but emails are going through ok.
He tells me, and he really does seem genuine, that he asked GE for a final settlent figure when I paid him, then he paid GE that figure. End of story as far as he's concerned. The dates from GE's action seem to start from 2 years after he bought the bike originally.
After several calls to GE, I have got them to confirm that they have sent him a fax to Samoa. There was some confusion about the contact number in Samoa. He's going to give me 3rd Party access to his account to find out how much is owing and why - he'll also do the same.

Time is of the essence as I'm off to Rarotonga for 2 week next Friday.

**LilSel** · 28th September 2007, 16:41

Originally Posted by fishb8nz

He's going to give me 3rd Party access to his account to find out how much is owing and why - he'll also do the same.

Time is of the essence as I'm off to Rarotonga for 2 week next Friday.

thats good news!!!...

least with access you can find out how much etc...

I recently finished paying something off n then got a consolidation to get rid of everything else into one payment... during the process with the new people to consolidate, the one that is paid off already still showed up on a credit check as being 'around' or something?!... even tho its all paid off... they still asked me 'how much owing/how long to go' etc... I said 'nothing, its finished'... but they still had to check??... maybe something like this has happened... n the amount they are after is pitiful...

**breakaway** · 28th September 2007, 18:06

I've heard of a lot of bikes that are used as security, or are financed, and companies 'forget' to release them. What kind of bullshit service is this?

**HenryDorsetCase** · 1st October 2007, 10:15

Originally Posted by Beemer

Lucky I had the receipt from Motorad when I bought my F650CS new - no worries about any money owing when I came to sell.

Just goes to show that a few simple checks can make a world of difference further down the track when buying a vehicle. Expensive lesson to learn though.

motorad are a dealer, right? You have a statutory presumption of clear title if buying from a dealer.

**HenryDorsetCase** · 1st October 2007, 10:17

Originally Posted by breakaway

I've heard of a lot of bikes that are used as security, or are financed, and companies 'forget' to release them. What kind of bullshit service is this?

do you think its an accident that nine finance companies have gone tits up in the last year? a lot of finance companies are appalling loan sharks who if you ran over them you'd back up just to make sure. Some are excellent however.

but like everything its up to YOU to look after YOUR interests. if in doubt, ask the question, pester till you get a response, that sort of thing. NEVER take anything for granted, and always meet your obligations. Its easy if you do that.

**Monkeyboy** · 2nd October 2007, 11:56

Originally Posted by fishb8nz

Never did a finance check on it, my daft fault! Had the BMW F650CS since Jan 2006 and not a care in the world when this morning 2 gentlemen turned up with a re-possesion order from GE Finance.

What can you do, apart from cry and get drunk. Called GE and asked how much was owed but the Privacy laws prevented them telling me anything except the account holder has 15 days to pay up, if not then Turners will advertise a repossion sale.
Boo hoo, I'm so sad. Looking forward to the Taupo Track day, too.
Feeling ill, really ill!

That's flipin bad luck, people might say you should have checked, but that could happen to anyone of us.. I got ripped off on ebay to the tune of $1000 5 years ago if it makes you feel any better????

**smudge** · 2nd October 2007, 19:09

yet FishB8? Hope you get to drop a line over Raro.

**scracha** · 2nd October 2007, 23:11

Do fowk ever get prosecuted for selling vehicles that aren't actually theirs (i.e. still belong to the finance company) or are the cops too busy chasing vehicles doing 112Kph?

**fishb8nz** · 3rd October 2007, 06:42

Been a week but making progress. Right now, no names or amounts.
Eventually got the 3rd Party access after GE faxed the form to Samoa and was filled in and sent back. That allowed me to speak to the Case Manager.

The figures given to me were depressing but I copied all the details down and emailed them off to Mr X. A day later he tells me he's he's scraped the cash together and it will be paid this week.

As I leave for Raro on Saturday morning I'm still unsure whether I'll have my bike back but I'll phone GE again today and sort that out.

All in all a very good lesson learned.

BTW Smudge - will definitely be wetting my line - taking a spinning rod and lots of SPs. Got breakfast sorted for Sat 09.00 (Raro time) for ABs.

**Smokin** · 3rd October 2007, 07:24

Originally Posted by fishb8nz

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.

You dont think he's stringing you along do you?

**smudge** · 3rd October 2007, 20:20

Forget about the bike troubles for a little while and have fun in Raro FishB8, then when you get back you'll be able to hatch a plan to lynch the maggot.

**carver** · 3rd October 2007, 20:33

Originally Posted by fishb8nz

Never did a finance check on it, my daft fault! Had the BMW F650CS since Jan 2006 and not a care in the world when this morning 2 gentlemen turned up with a re-possesion order from GE Finance.

What can you do, apart from cry and get drunk. Called GE and asked how much was owed but the Privacy laws prevented them telling me anything except the account holder has 15 days to pay up, if not then Turners will advertise a repossion sale.
Boo hoo, I'm so sad. Looking forward to the Taupo Track day, too.
Feeling ill, really ill!

hey dude, i might have seen ya round on it, i got a black ER6n..Black Shoei Xr 1000....
ah well, time to save for the next bike eh..

**fishb8nz** · 5th October 2007, 16:43

Talk about last minute! I go to Raro for a holiday tomorrow and my bike would have been auctioned off just before I got back. But, lucky, lucky, lucky - the dude in Samoa paid up and I got my bike back from Turner's just 40 minutes before they closed.

Have to say, GE was as helpful as possible, with the case manager making several frantic calls and faxes to make sure I got it before I went on holiday. Big ups to GE! Also big ups to the previous owner, too, for his co-operation. He could have made things really difficult for me, but he didn't and I'm extremely grateful.

Been hard to get into holiday mode with all this hanging over me. One major lessoned learned.

Carver - seen you too Dude. Want to do a swapsie for a ride. Was considering an EN if this saga went sour. Be back after Rugby final.

Right now the worst news is Track Day 6 - can't make the new date. I'd rather be pulling out because I can't get leave than no bike to ride on!