2007-03-20 11:56:18 · 9 answers · asked by blaze l 1 in Cars & Transportation ➔ Motorcycles
1. First, make sure you have gap insurance.
2. Then, ride it to some desolate neighborhood and douse it in gasoline.
3. Light it on fire.
4. Call your insurance company and tell them it was stolen.
5. Sit back and watch insurance pay off your loan.
6. Pat yourself on the back, job well done.
7. Have a beer.
8. Go to sleep.
9. Wake up.
10. Brush your teeth.
You get the picture?
2007-03-20 22:52:40 · answer #1 · answered by Anonymous · 1⤊ 2⤋
You can try calling the finance company and try to negotiate a better payment plan. Tell them you are trying to get your finances straitened out and need help lowering the payments. If they can't do this they may even offer a deferred payment to help you catch up one or two payments.
If you want to keep the bike then a second job may be necessary.
If you want to get out from under the bike, you may want to offer the bike for someone to take over payments. The person will have to get approval from your finance company. This solution is appealing to those who want a motorcycle but don't have a down payment to get the financing. You will have to contact the finance company to see if they will help you on this. You may take a loss but it is better than the finance company repo and selling at a much lower price and then billing you for the balance of what is owed on your loan.
I have seen these advertised in the paper, "Take over payment" and every time I called the bike was already sold. It won't take long.
Don't let it be repossessed you will lose alot more money in the long run.
2007-03-23 13:07:30 · answer #2 · answered by pscoobyz 3 · 0⤊ 0⤋
should not have had it financed anyway, don't buy a bike you can't afford. or a car either. a house is the only thing worth doing that for, and only because its value can increase, and its something your family needs.
2007-03-20 19:06:00 · answer #3 · answered by Anonymous · 3⤊ 1⤋
Cut back on your monthly bills. I.E. cable, internet and going out. Cash managment is a skill that every one needs to learn ot make it in this day and age
2007-03-20 19:03:58 · answer #4 · answered by A_Brewton 1 · 4⤊ 0⤋
like some people said, get another job and tell the bank that you are trying to get caught up and will they give you a grace period
2007-03-20 19:57:08 · answer #5 · answered by bayareart1 6 · 0⤊ 0⤋
Get a second job til it's paid for.
2007-03-20 19:03:24 · answer #6 · answered by srena 5 · 3⤊ 0⤋
you need a better job or less beer money
2007-03-20 19:27:46 · answer #7 · answered by jake d 1 · 2⤊ 0⤋
your creditors won't be able to collect money from you if they are dead.... just getting that out there
2007-03-20 19:07:22 · answer #8 · answered by Shakespeare, William 4 · 0⤊ 2⤋
sell it
2007-03-20 19:03:44 · answer #9 · answered by malemute1 4 · 1⤊ 2⤋