Help required - Bike repo

[-df-]

For future ref how does one do a VIR?

www.vir.co.nz

Costs $25. Best money ever spent.

[MikeyG]

Sounds like the repo man was a real asshole. To get him back go down to his office using the address of the card he gave you, don't go in and see him though just take down the details of his car, rego etc and use that info to put it down as collatteral for a $7500 loan.

[mstriumph]

.........................Ooookaaay ... so he lies about the security, is on a month's 'holiday' (out of work?) and in Auckland (me in Welly). After reading about Krusti's repo, The Grub is feeling less that confident about the whole thing.

and I have no idea what to do next.

nothing

my motto has always been "when in doubt .... DON'T"

it has worked for me every time




hell and damnation - was gonna say someing really wise or somethin for my 2000th post and it just slipped by without me noticing it

[HenryDorsetCase]

Verrry interesting. Krusti, if you think nothing good can come out of this ... it already has. Well for me anyway and I have your thread to thank for it.

I have seen a bike on Tardme that i might be interested in. Because of this thread I ran the VIR. It has a Security on it with the Credit Union. He has two bikes registered with greater than $10k owing. No problem I think ... I'll just talk to the guy and work out how to safely pay for it and make sure it is discharged.

So I ring him, chat about the bike. Not happy that he does his own servicing but oh well. I ask him if there's any securities on it. "Nah mate, she's all clean. Check the numbers, you'll be right, I'm on a month's holiday so just keep in touch"

Ooookaaay ... so he lies about the security, is on a month's 'holiday' (out of work?) and in Auckland (me in Welly). After reading about Krusti's repo, The Grub is feeling less that confident about the whole thing.

and I have no idea what to do next.

if you get it, go up, and attend the credit union or whoever , pay them the money, get a receipt and confirmation of release of the charge, then pay the balance to the vendor. Having said that I would probably lose interest at about the point he bullshitted you.

buy the Vincent thats on tardme instead. its in bits, but its a VINCENT....

also, if you buy from a LMVD, the one thing you DO get is guaranteed title.

[imdying]

When I brought me ZX6R it had a finance interest registered against it, with the BNZ iirc.

I really like the bike, so I went through all the motions of finding out what the story was. Turned out they had no further interest in the bike as the loan was paid off ages ago. I still made them fax me all of the details, on their letterhead, stating that they definitely had no further interest in the vehicle. Was no problem in the end, but was worth the four or so days it took to get confirmation from them.

If in doubt though, run like hell!

[Forest]

Sounds like you got shafted.

FWIW the bank can easily halt an Internet banking transfer if you ring them. They can also reverse a direct deposit (provide the money hasn't been drawn out of the receiving account).

[Macktheknife]

Sounds like you got shafted.

FWIW the bank can easily halt an Internet banking transfer if you ring them. They can also reverse a direct deposit (provide the money hasn't been drawn out of the receiving account).

Yes they can but you need a good reason, which you have as you can say you were intimidated into paying it.
Give them a call and see what happens.
Above all don't beat yourself up, he is the arsehole, not you.

[Titanium]

The guy may have shifted to Aussie and be working in a film crew

If he is Melbourne or Victoria ..... "I know people" ... I guess you would want interest on the $7500 he owes you .... going rate here is about 10% per day ....

If I can help .... sing out.

Cheers

Peter

[meon3]

Sounds like you got shafted.

FWIW the bank can easily halt an Internet banking transfer if you ring them. They can also reverse a direct deposit (provide the money hasn't been drawn out of the receiving account).

I rang westpac and they told me they cant stop it or reverse it , the woman said to ring the people it was paid to and ask them to give it back !!!!!!!!

[B-rad]

For those who don't want to pay $25

http://www.ppsr.govt.nz/ppsr-images/...4-u-buy-v2.pdf

[The Pastor]

For those who don't want to pay $25

http://www.ppsr.govt.nz/ppsr-images/...4-u-buy-v2.pdf

Thanks for that I didnt know

[Goblin]

I rang westpac and they told me they cant stop it or reverse it , the woman said to ring the people it was paid to and ask them to give it back !!!!!!!!

I cant help but think this repo guy is nothing but a thug and an extortioner! What he did to you was nothing short of a home invasion! Repo does not involve intimidation and stand over tactics. The bike is in Krusti's name so he should have waited until he is back and talked with him about it. Do you know who the guy works for? If I were you I would be going straight to the police and having this guy charged with home invasion or extortion at the very least.

Really sorry this happend to you. Hope you're not too tearful today.

[Krusti]

Me and Junior did the run from Kaikoura to home (Rotorua and Tokoroa) in one run yesterday. Got home around 11-30pm.

To all those who gave meon3 support yesterday a big thanks and hug to you all. Very rarely do I feel this way but you guys are the best!

This problem is my fault as I was way too trusting and did not follow my own advise! But watch out mate...

Will post a report on my ride in a new thread when I have time. Over 2500km in 5 days!

I could say things could have been done different but when you have someone standing there wanting something done NOW and you are on your own and you don't want your son to lose his pride and joy....what do you do?

Again thanks guys...

[Macktheknife]

No worries, she is a good sort your meon3, keep us informed on progress, we might still get the bastard.

[Patrick]

Verrry interesting. Krusti, if you think nothing good can come out of this ... it already has. Well for me anyway and I have your thread to thank for it.

I have seen a bike on Tardme that i might be interested in. Because of this thread I ran the VIR. It has a Security on it with the Credit Union. He has two bikes registered with greater than $10k owing. No problem I think ... I'll just talk to the guy and work out how to safely pay for it and make sure it is discharged.

So I ring him, chat about the bike. Not happy that he does his own servicing but oh well. I ask him if there's any securities on it. "Nah mate, she's all clean. Check the numbers, you'll be right, I'm on a month's holiday so just keep in touch"

Ooookaaay ... so he lies about the security, is on a month's 'holiday' (out of work?) and in Auckland (me in Welly). After reading about Krusti's repo, The Grub is feeling less that confident about the whole thing.

and I have no idea what to do next.

Add a question in Tardme... "Why do you say there is no money owing on it when in fact there is $$$XXXX owing? He won't answer it, but after the auction, it will appear... a warning for others...