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Old 03-12-2013, 05:08 PM  
Bob Dole Bob Dole is offline
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Need some advice

Not really sure what to do or what the appropriate timing is, so Bob Dole is going to throw this out there and see what happens.

Bob Dole sold his 2005 VTX 1300R last July to a friend of a friend for $4000 and financed the sale himself. Contract and payment schedule in place. Insurance required with Bob Dole named as lien holder, but never verified. You can probably see where this is headed...

Final payment is due on March 22. Unfortunately, Bob Dole learned yesterday morning that the buyer crashed it near Hot Springs, AR last Saturday, and is currently in a coma in a Little Rock hospital and is classified at present as quadriplegic. This is all coming to Bob Dole thirdhand or via Facebook.

Bob Dole has no idea about the condition of the bike or its location, and is not sure whether that info is even on the radar of any of his family (ex-wife and adult children). Bob Dole does not know any of those people.

So what is the acceptable protocol here? At what point is it appropriate for a lien holder to ask about the property that is still technically his and titled in his name? (Yeah, yeah...probably should have processed title and named Bob Dole as lien holder. Shoulda, coulda, woulda) If it is in an impound in Hot Springs, should Bob Dole take the title and go retrieve the damned thing and pay whatever storage charges have accrued now? Is the lien/title holder liable for those accrued charges if the buyer doesn't make it, the company sells it, and the selling price doesn't cover the accrued charges? WTF to do?
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Old 03-14-2013, 09:12 PM   #46
ElGringo ElGringo is offline
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I think it has been mentioned before, but I will mention it again. The thing no one seems to be addressing is the details of the accident. Without knowing specifics on insurance either, was it just the bike in the accident or was another vehicle involved? Assuming another vehicle was involved, who was at fault? If the driver of the bike was at fault, and Bob Dole is still the title holder, can he be held financially liable for any damages to anyone or anything else?
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Old 03-15-2013, 10:19 AM   #47
Bob Dole Bob Dole is offline
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Quote:
Originally Posted by ElGringo View Post
I think it has been mentioned before, but I will mention it again. The thing no one seems to be addressing is the details of the accident. Without knowing specifics on insurance either, was it just the bike in the accident or was another vehicle involved? Assuming another vehicle was involved, who was at fault? If the driver of the bike was at fault, and Bob Dole is still the title holder, can he be held financially liable for any damages to anyone or anything else?
It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??
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Old 03-15-2013, 10:25 AM   #48
stevieray stevieray is offline
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Quote:
Originally Posted by Bob Dole View Post
It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??
damn, I wish i could afford it...driving 45 miles each way to work is gouging the gas budget.
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Old 03-15-2013, 10:26 AM   #49
Bowser Bowser is offline
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Quote:
Originally Posted by Bob Dole View Post
It gets more bizarre. According to his eldest son, the bike is fine, and the buyer's family does not want it. It is Bob Dole's to locate and go retrieve. At the same time, the authorities would not give him an accounting of the accident, and told him he could request a copy of the report and read it there.

WTF??
In requesting to see a copy of the report, does that mean paying out a few bucks? Not absolutely sure, but I think it does around these parts.
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Old 03-17-2013, 04:24 PM   #50
Bob Dole Bob Dole is offline
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Originally Posted by Bowser View Post
In requesting to see a copy of the report, does that mean paying out a few bucks? Not absolutely sure, but I think it does around these parts.
Probably. The eldest son is still getting the runaround and cannot get a straight answer about to to contact to get a copy of the report. No info or movement, and the buyer passed away this afternoon.

It's got to absolutely suck to lose a parent and have no clue WTF really happened.
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Old 03-17-2013, 04:27 PM   #51
Bugeater Bugeater is offline
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Yeah...something isn't adding up here...he crashes badly enough to end up in a coma and dies...but the bike is "fine"?
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Old 03-17-2013, 04:32 PM   #52
Bob Dole Bob Dole is offline
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Originally Posted by Bugeater View Post
Yeah...something isn't adding up here...he crashes badly enough to end up in a coma and dies...but the bike is "fine"?
Yeah. Just jacked up all the way around at this point for everyone involved. Mostly for his family.
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Old 03-17-2013, 04:39 PM   #53
R8RFAN R8RFAN is offline
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Sorry for the loss of your friend Bob Dole
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Old 03-17-2013, 04:51 PM   #54
Rasputin Rasputin is offline
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Quote:
Originally Posted by Bob Dole View Post
The $600 isn't an issue at all. Bob Dole just wants to make sure that $600 doesn't turn in to $3600 because Bob Dole the person who still holds title did not act.

While the buyer is not a "close friend", he is more than "someone Bob Dole met once", so Bob Dole is concerned about long term effects of his action(s).

Bob Dole will likely try to locate the vehicle tomorrow and retrieve it. Seems to be the safest course of action at this point for all parties.
I'd do what you can do to get the bike out and at least hang on to the bike until figure out about how your friend is doing. Better be out $600 than what could add up to the $3600 like you say it could. Figure you would be stuck with the $3600 his family won't feel responsible especially if he is in vegitable state.
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Old 03-17-2013, 04:54 PM   #55
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Oh dang I should have read more of the thread. Sorry about the loss. I think best thing for you is try figure out how to get the bike back so you don't end up with a costly bill.
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Old 03-17-2013, 04:56 PM   #56
mikeyis4dcats. mikeyis4dcats. is offline
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have you tried searching inline for any details of the incident?

I'm pretty good at the googlez.....PM his name and the location of the incident and I'll see if I can round up something...
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Old 03-17-2013, 04:58 PM   #57
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Quote:
Originally Posted by Bob Dole View Post
Yeah. Just jacked up all the way around at this point for everyone involved. Mostly for his family.
damn....that sucks...
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Old 03-18-2013, 02:55 AM   #58
salame salame is offline
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Originally Posted by Bob Dole View Post
Per the contract, he was to carry full coverage insurance and show me as the lien holder. Never verified.
Bob Dole has broken Bob Dole's own schtick
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Old 03-18-2013, 04:56 AM   #59
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