Repo

big bubba

Veteran Member
Joined
Mar 7, 2007
Messages
1,879
Location
arkansas
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M 8540
so, must have missed, what is the balance of the OP's tractor note, what's his investment?
 

diesel85

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Jun 7, 2017
Messages
870
Location
Vernon, NY
Tractor
Kubota BX2200
A few years ago a buddy who worked for a towing company brought me on as a "repo scout". Basically I would go around with paperwork and locate repos. From cars, trucks, semis, motorhomes, trailers, motorcycles, and yes, even tractors and other farm equipment. I would have to observe and work with the creditors along with finding the "right" time to recover the asset. Basically I was an Asset Recovery Specialist.

It's very interesting work... I was OK at it, but it's one of those things that's eh, not my cup of tea. Did it for about 2 years and that was enough.

When I'd be actually in the tow truck I always wondered if I was going to get shot or something. God was with me the whole time, as there was some pretty sketchy things that happened.

I'm not going to go into much more detail... but it's pretty amazing how stupid and careless people act over material possessions.
 

diesel85

Platinum Member
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Jun 7, 2017
Messages
870
Location
Vernon, NY
Tractor
Kubota BX2200
I'll add one more thing... it's pretty slick to post this on a public forum -- especially if it's a username or email address you use in other places and slip up.

Forums and other places where I'd look, along with eBay, CL, etc.

If there was reason to believe of a criminal act, the forums might need to release the IP information or any information per a subpoena.
 

RickB

Super Star Member
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Sep 18, 2000
Messages
14,490
Location
Lincoln County, NC
Tractor
Just a Scag
This thread reminds me of airplane repo. I often wonder how folks can get financing for a plane than feel it's rightfully there's without fully paying for it and how did they become so well off without paying bills on time?
How many pilots do you know?
 

MossRoad

Epic Contributor
Joined
Aug 31, 2001
Messages
48,478
Location
South Bend, Indiana (near)
Tractor
Power Trac PT425 2001 Model Year
A few years ago a buddy who worked for a towing company brought me on as a "repo scout". Basically I would go around with paperwork and locate repos. From cars, trucks, semis, motorhomes, trailers, motorcycles, and yes, even tractors and other farm equipment. I would have to observe and work with the creditors along with finding the "right" time to recover the asset. Basically I was an Asset Recovery Specialist.

It's very interesting work... I was OK at it, but it's one of those things that's eh, not my cup of tea. Did it for about 2 years and that was enough.

When I'd be actually in the tow truck I always wondered if I was going to get shot or something. God was with me the whole time, as there was some pretty sketchy things that happened.

I'm not going to go into much more detail... but it's pretty amazing how stupid and careless people act over material possessions.
I had a good friend that was a repo man. He was murdered at the location of a repo job in the early morning hours. Made to kneel down and shot in the head. They had several suspects (the person he was repoing the car from, the person he was repoing the car for, and one of his family members). It's never been solved.
 

Frankenkubota

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Jun 11, 2020
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2,418
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Carthage NC...Deep in the woods
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Kubota MX 5800, SkidPro 4 in 1, Ratchet rake, SkidPro pallet forks
Whether the buyer of the unit is aware of the mitigating circumstances or not, when Kubota tracks down the unit, they will repo it and that buyer is totally out of the purchase price. Might take time but the 'wheels of law' turn steady
Yup

A friend bought a used enclosed trailer. Years later some
u-haul agent showed up, threatened to take legal action and did take back the trailer.
 
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Varmintmist

Platinum Member
Joined
Jul 9, 2004
Messages
808
Location
Chicora, PA
Tractor
Mahindra3510
This thread reminds me of airplane repo. I often wonder how folks can get financing for a plane than feel it's rightfully there's without fully paying for it and how did they become so well off without paying bills on time?
Just because a person has toys, does not mean they are well off. You can have a million dollar house that the bank owns, a Corvette that is owned by GM financing, a orange tractor that is owned by Kubota, a boat, and even your furniture in the banks house that you dont own.
I think the TX term is "all hat, no cattle"
 

sunandsand

Bronze Member
Joined
Jan 11, 2020
Messages
90
Tractor
Kubota B2601
Here's a possibly workable plan B:

OP rents the tractor to a friend, uses the rent to keep Kubota happy, when he gets back on his feet, he gets the tractor back and resumes making the payments himself. (Friend has to give the money to OP, who sends it to Kubota, there's probably a due-on-sale clause in the finance contract. Make sure the money actually GETS to Kubota, OP may be in such difficulties that he diverts the payment stream.)


Friend gets the use of a tractor just for the payments, OP eventually gets to keep the tractor (nobody goes to the slammer) and Kubota stays happy, they're getting paid. Alternately, the friend makes the rest of the payments (through OP) and keeps the tractor if OP can't get going again or just no longer wants it. Same caution as above.


Again, we don't really have enough information to determine what is actually going on here. If everyone is on the up-and-up, plan B might work. If someone is playing games, well, they deserve whatever Kubota and the law does to them.

Best Regards,

Mike/Florida
 
 
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