anyone ever defaulted on their kawi card/loan? - Kawasaki KFX450 Forum

stevo8 · 10-22-2008, 05:09 PM

simply put I can't make the payments as work is insanely slow and I'm wondering what's going to happen when/if I stop paying on my quad? Picked up a 08 450r when it first came out and times were good but now they are not so I'm wondering what my options are? Any help would be appreciated. TIA.

mxrider38 · 10-22-2008, 06:58 PM

Option 1-pay the bill
Option 2-sell it
Not to be smart, but I can't think of any other ways to get around it.

yfuz450 · 10-22-2008, 07:07 PM

QUOTE (stevo8 @ Oct 22 2008, 05:10 PM)

Quote:

simply put I can't make the payments as work is insanely slow and I'm wondering what's going to happen when/if I stop paying on my quad? Picked up a 08 450r when it first came out and times were good but now they are not so I'm wondering what my options are? Any help would be appreciated. TIA.

call and talk to them maybe thay can work with u good luck. I'll give u 2,000 for it u pa shipping. j/k
good luck

stevo8 · 10-22-2008, 08:47 PM

I cant sell it for what I owe on it

**Atving4Christ** · 10-23-2008, 12:11 AM

First they'll call u after being late on payment. After a few months they call u everyday and about 8 months they order a repo. Maybe by then you can make payments.

Larry

raredirt · 10-23-2008, 11:30 AM

First and foremost call them and talk to them before you miss the first payment. Times are tough they may give you some slack for a bit
Secondly it is a long shot but do you have anybody that could take over the payments and the quad that would sell it back to you when you are back in a position to do so?

If you are going to lose it for sure take care of it so that when you hand it back over they give you as much value as possible. Had a friend lose one that her ex had trashed and even after them taking it back she owed them money. So now she is paying for a quad she doesn't even have.

Sorry for the downturn but wishing you the best of luck.

stevo8 · 10-23-2008, 04:05 PM

the quad is in perfect shape with 8hrs on it. Sits on a battery tender and gets started once a month and I rideit down the street and back once. I still owe 7k on it and really have no need to keep it. Plus my interest rate is about to go sky high. If I had the tittle I would just sell it and make payments on what's left but that's not really an option.

stickitracing · 11-05-2008, 11:50 AM

You could sell it to someone in a state where it is not a titled vehicle. Like Colorado and just make payments on the rest.

KFX450Central · 11-25-2008, 03:00 AM

First of all, Kawi wants their money...They don't care it it takes longer than usual. The problem is that if you stop paying and it gets repo'ed , they lose out as well. They do not want that - plain and simple. Usually they can work with you...Stretch out the payments...Lower interest, etc.

BUT do NOT ignore it! It will KILL your credit and in a few years when you want to purchase another quad, you wont be able to finance it due to defaulting/late payments. Don't mess with your credit...It's one of the most important things in your life!

raredirt · 11-25-2008, 03:32 PM

I so wish they started working some of this in Middle school and taught more in high school. I know as a parent I am working hard to not let my kids go down the road I have. Even though I am a cash guy for the most part not having good credit can affect you in so many ways. Not just your ability to buy stuff, certain job opportunities can be off limits obviously higher interest rates if you do get a loan or card. In the military it is one of the fastest ways to loose or not be able to obtain high level security clearance also the same in the government contracting world.

Like I said before and has been echoed above talk to them try to do whatever you can to salvage it. A repo now could effect you for years to come.

10-22-2008, 06:58 PM	#2 (permalink)
mxrider38 Senior Member Join Date: Jul 2008 Location: Mechanicsville, MD Posts: 115	Option 1-pay the bill Option 2-sell it Not to be smart, but I can't think of any other ways to get around it. __________________ Fully built Dasa motor(close to 60 hp), Dasa intake & pipe, Hinson clutch basket,PC III, PWR radiator & hoses, Roll Design steering stem & control arms, Elka factory front/rear shock, Elka system 3 stabilizer, Ims-Roll nerf bars, footpegs, front/rear grab bars & hand guards, Quad-Tech hump seat, hood scoop & rad. scoop, Renthal bars, Douglas wheels, Streamline front/rear brake lines, RPM axle, One Industries graphics, and prolly some other stuff i forgot!

10-23-2008, 12:11 AM	#5 (permalink)
Atving4Christ Administrator Join Date: Oct 2006 Posts: 219	First they'll call u after being late on payment. After a few months they call u everyday and about 8 months they order a repo. Maybe by then you can make payments. Larry __________________ HAD kfx400 (504cc) HAD kfx450r Now Have: Two Feet

11-05-2008, 11:50 AM	#8 (permalink)
stickitracing Member Join Date: Mar 2008 Posts: 32	You could sell it to someone in a state where it is not a titled vehicle. Like Colorado and just make payments on the rest. __________________ KFX450R Pipe, intake, fuel controller and some other extras....

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10-22-2008, 05:09 PM	#1 (permalink)
stevo8 Junior Member Join Date: Apr 2007 Posts: 26	simply put I can't make the payments as work is insanely slow and I'm wondering what's going to happen when/if I stop paying on my quad? Picked up a 08 450r when it first came out and times were good but now they are not so I'm wondering what my options are? Any help would be appreciated. TIA.

10-22-2008, 08:47 PM	#4 (permalink)
stevo8 Junior Member Join Date: Apr 2007 Posts: 26	I cant sell it for what I owe on it

10-23-2008, 11:30 AM	#6 (permalink)
raredirt Senior Member Join Date: Jan 2008 Posts: 111	First and foremost call them and talk to them before you miss the first payment. Times are tough they may give you some slack for a bit Secondly it is a long shot but do you have anybody that could take over the payments and the quad that would sell it back to you when you are back in a position to do so? If you are going to lose it for sure take care of it so that when you hand it back over they give you as much value as possible. Had a friend lose one that her ex had trashed and even after them taking it back she owed them money. So now she is paying for a quad she doesn't even have. Sorry for the downturn but wishing you the best of luck.

10-23-2008, 04:05 PM	#7 (permalink)
stevo8 Junior Member Join Date: Apr 2007 Posts: 26	the quad is in perfect shape with 8hrs on it. Sits on a battery tender and gets started once a month and I rideit down the street and back once. I still owe 7k on it and really have no need to keep it. Plus my interest rate is about to go sky high. If I had the tittle I would just sell it and make payments on what's left but that's not really an option.

11-25-2008, 03:00 AM	#9 (permalink)
KFX450Central Senior Member Join Date: Oct 2006 Posts: 157	First of all, Kawi wants their money...They don't care it it takes longer than usual. The problem is that if you stop paying and it gets repo'ed , they lose out as well. They do not want that - plain and simple. Usually they can work with you...Stretch out the payments...Lower interest, etc. BUT do NOT ignore it! It will KILL your credit and in a few years when you want to purchase another quad, you wont be able to finance it due to defaulting/late payments. Don't mess with your credit...It's one of the most important things in your life!

11-25-2008, 03:32 PM	#10 (permalink)
raredirt Senior Member Join Date: Jan 2008 Posts: 111	I so wish they started working some of this in Middle school and taught more in high school. I know as a parent I am working hard to not let my kids go down the road I have. Even though I am a cash guy for the most part not having good credit can affect you in so many ways. Not just your ability to buy stuff, certain job opportunities can be off limits obviously higher interest rates if you do get a loan or card. In the military it is one of the fastest ways to loose or not be able to obtain high level security clearance also the same in the government contracting world. Like I said before and has been echoed above talk to them try to do whatever you can to salvage it. A repo now could effect you for years to come.

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