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Can bank repossess a motorcycle for being late on loan payment?

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  • Can bank repossess a motorcycle for being late on loan payment?

    Can my bank repossess a motorcycle from me for being 9 days late on my motorcycle loan payment. I have been out of town on business and unable to deposit my checks. They\'ve sent someone to pick up my bike which is now 17 days late but i want to take care of the payment & keep my bike.

  • #2
    re: Can bank repossess a motorcycle for being late on loan payment?

    ..legally yes if payment was missed. Call the lender to discuss however as they normally don't really want to take such action so quickly. They will usually want to work something out with you.

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