Other Stuff > Misc / Open

Superbike Factory Victim - his Tracer was in for service.

<< < (2/4) > >>

Orcade-Ian:
When I was selling my 1500 'Wing, Ecosse Motorcycles in Aberdeen offered me a great price for it against a new 350 Forza Maxi Scooter.  It was February and the bike was immaculate after a deep clean over the winter, so I fired the 'Wing down from Orkney to Aberdeen by Courier, together with all paperwork.  The Forza was not due til early May and it never occurred to me that I had put myself in such a foolish position, with such a large company with another branch in Dundee.  The Forza arrived without problem and a collection of the company owner's bikes disappeared from the Dundee showroom a matter of days before they went bust. 
At the 'fire sale' of the assets, the 'Wing went for a fraction of what they paid me, together with a great many customers bikes in for service and repair.
Had this liquidation happened between me sending the 'Wing and receiving the Forza, I would have been seriously out of pocket - the insurance would not have been interested as I had 'given the bike away'

Lesson learned, never do a deal like that again,

Ian

kent400:
I was employed by a large finance company for many years who were involved with financing cars, heavy goods vehicles and coaches.
These vehicles were subject to Hire Purchase agreement and lease agreements. When a company enters liquidation a liquidator is assigned and this has happened here. The liquidator has to identify what assets are the property of the company so any assets subject to finance agreements are not assets. If the machine is the subject to a finance agreement contact the finance company

Exactly the same applies here, the machine is not an asset of the company in liquidation so in this case the owner may need proof of p ownership and the V5 is not proof of ownership. The original invoice for the machine will help here but where this could become 'tricky', there could be machines sold to the dealership by the owner but the dealership would need to have advised DVLA  immediately so a refund of the road tax can be made. Most dealerships can do this online.

If you go to to the dealership website you can see who the liquidators are and what efforts they make to ensure any machines that are not assets of the company. See note one on the website. The liquidators have engaged an agent, these people are often most unhelpful 
and so make contact with the Liquidator and check on the DVLA website to check the present status for possible keeper change and if  the VED is still current.

Hope this helps

 
 

McCabe-Thiele (Ted):
I've told the lads Dad about what's been said here.
I think if he contacts the Official Receiver in writing with proof of purchase and a copy of the V5 he should eventually get the bike back. I've read about cases where owners have had their vehicle back after a couple of years.

Fortunately the bike is for leisure not every day transport, I do hope the £120 payment he has been given does not sign his rights away.

Bryanj:
Surely if the bike was in for work and he has not had a bill or paid anything he is in debt to the firm not asking for money owed so the insolvency people should treat it differently

McCabe-Thiele (Ted):

--- Quote from: Bryanj on September 28, 2026, 11:36:28 AM ---Surely if the bike was in for work and he has not had a bill or paid anything he is in debt to the firm not asking for money owed so the insolvency people should treat it differently

--- End quote ---

I agree, he was collecting the bike after the service etc.
Whilst he was there a couple of others arrived to collect bikes in similar circumstances. One owner had a Triumph Rocket 3.

Navigation

[0] Message Index

[#] Next page

[*] Previous page