fishheadbob
Platinum Member
- Joined
- Aug 5, 2014
- Messages
- 659
- Location
- western ny
- Tractor
- New holland boomer 40 NH 3930 Deere 2320
I would be concerned if I were you. Here's a worst case scenario. If the seller still owes Kubota Credit money; that's a secured loan, and it's secured by the tractor, Vin or no Vin; title or no title. If the seller blows off Kubota ( "Something came up." Or "my wife got real sick and I had to pay for the treatments.") Kubota still wants what is owed them. They will get their money by repossessing the tractor and selling it as they have a lien against it, that's their security. They will then give money from the sale, if there is any money, to the original borrower since legally you are just some guy on the street who got burned.
I would get in contact with the seller to see what's up, and to get the lien release (a letter from Kubota). For all you know the repo guys have been looking everywhere for your tractor.
28 years with the Credit Union; yes we have repo'd tractors.
I would get in contact with the seller to see what's up, and to get the lien release (a letter from Kubota). For all you know the repo guys have been looking everywhere for your tractor.
28 years with the Credit Union; yes we have repo'd tractors.