Repo

[Kwfm]

What is the worst case scenario if Kubota is not able to repo?
Hard times
COVID-19

 

[4570Man]

How about you just pay or tab or give the tractor back and stop being a shyster.

 

[Roadworthy]

If you want legal advice your should probably speak with an attorney licensed in your state.

 

[MossRoad]

What is the worst case scenario if Kubota is not able to repo?
Hard times
COVID-19

First, sorry for your predicament.

Pretty simple.
You pay them the money you still owe them for the tractor, or you give them the tractor back if you cannot make the payments.

Kinda like a car repo.
You can hide the tractor, keep it in a locked garage, etc., and there's not much they can do about it but go after you in court. In some states, it's against the law to hide if from them. In some, it is not. However, they will come after you financially. And if they have to pay attorney fees, court costs, etc., you'll be on the hook for those fees as well as what you owe. Or, instead of the money, they may come after the tractor. I think the term is Replevin. Look it up. The Police show up at your house.

Plus, what it will do to your credit rating.

Just give it back if you can't make the payments. Apologize to the dealer/lender and return it in good condition. It's the moral thing to do.

Good luck with your situation.

 

[rademamj1]

You should seek qualified legal advice. Typically, following a declaration of loan default, if Kubota is unable to take repossession of "their" tractor because it's been hidden, that would be considered felony theft. Attempting to hide the property is not encouraged, and anyone else involved (such as using another persons ranch or farm) in such a scheme, they would also be considered an accessory to felony theft.

I would try to work out partial payments with Kubota Financing Corporation, at least until your able to get back on solid footing, or simply return the tractor.

 

[BX23S-1]

What is the worst case scenario if Kubota is not able to repo?
Hard times
COVID-19

I`m not quite sure what you`re asking here, but if you`re trying to keep Kubota Corp from taking re-possession of the tractor for not making your payments and/or if you make it hard for them to come take the tractor, you`ll WILL pay a very heavy price for it. Have you at least contacted Kubota to see what you can do? That would have been the first thing i would have done was to call and talk to Kubota FIRST long before i would have come into a forum and asking a question you should already have known the answer to. Maybe you should go back and revisit/re-read the contract you signed when you financed the tractor. It is the written words that counts, and you signed on the line for it. You can fight it all you want, but at what price are you willing to pay for that. Its all up to you.

 

[Thomas]

Be honest with deal see if the both of you can work something out,it will help you in the long run.

 

[Frankenkubota]

You should seek qualified legal advice. Typically, following a declaration of loan default, if Kubota is unable to take repossession of "their" tractor because it's been hidden, that would be considered felony theft. Attempting to hide the property is not encouraged, and anyone else involved (such as using another persons ranch or farm) in such a scheme, they would also be considered an accessory to felony theft.

I would try to work out partial payments with Kubota Financing Corporation, at least until your able to get back on solid footing, or simply return the tractor.

yup....my old buddy in portland did his friend a favor by hiding his buddies car in his garage. hmmmmm..make sense?

now my buddy is also a felon

 

[Doughknob]

"What is the worst case...."

Short life

 

[JJZ 109]

Great first time post. Proves there is such a thing as a dumb question. Worst case scenario is they come get their tractor and your credit takes a hit.
Other options:
A) Call them and see if a temporary arrangement, such as interest only payments for a time can be worked out. They probably would rather not have the time & expense of a repo.
B) Call them and tell them there's no way you can swing it any longer and give them back their tractor. Why prolong the misery?

 

[CobyRupert]

Great first time post. Proves there is such a thing as a dumb question. Worst case scenario is they come get their tractor and your credit takes a hit.
Other options:
A) Call them and see if a temporary arrangement, such as interest only payments for a time can be worked out. They probably would rather not have the time & expense of a repo.
B) Call them and tell them there's no way you can swing it any longer and give them back their tractor. Why prolong the misery?

There’s dumb answers too.
You have no clue why Kubota is unable to repo because the OP never stated why.
Is he hiding it, or did he already do everything you suggested but for whatever reason Kubota can’t send someone? It’s not clear. You don’t know, but instead tell a first time poster that his question is dumb.

 

[4570Man]

There’s dumb answers too.
You have no clue why Kubota is unable to repo because the OP never stated why.
Is he hiding it, or did he already do everything you suggested but for whatever reason Kubota can’t send someone? It’s not clear. You don’t know, but instead tell a first time poster that his question is dumb.

If you make a post like he did there’s only one conclusion to jump to. If he has already tried reasonable measures he should have specified in the first post.

 

[JJZ 109]

There’s dumb answers too.
You have no clue why Kubota is unable to repo because the OP never stated why.
Is he hiding it, or did he already do everything you suggested but for whatever reason Kubota can’t send someone? It’s not clear. You don’t know, but instead tell a first time poster that his question is dumb.

So in your opinion it's OK to post vague, fishing for validation questions like a teenage Facebook poster. If someone doesn't tell him that's dumb, how will he ever know?
His post as written sounds sketchy, like "what will happen if Kubota comes and can't find the tractor"? But as 4570 pointed out we'll never know if the guy doesn't specify why Kubota "can't" repo.

 

[fndrbndr]

I had surgery for colon cancer. Going to be out of work for 4 months. Called Kubota and explained what was going on and they told me not to make any payments for 4 months and to call them after that and we could work something out. Ended up being out for 5 months and didn't have to make any payments for 6 months. Never showed up on my credit as late payments either.

 

[ArlyA]

Will we hear from Kwfm again?

 

[Midniteoyl]

Doesn't matter as the OP most likely wont be back anyways...

 

[grsthegreat]

If the can forgive student loans, why not forgive tractor loans. Forgive home loans, forgive car loans. Just saying

 

[Steppenwolfe]

It's a Kubota... I understand you would rather keep it more than anything else... But, ya gotta give it back dude...

 

[jjeff]

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?

 

[MoKelly]

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?

Because they didn’t have to pay rent for over a year.

Once you learn to use other folks property without having to pay, not having to pay for a tractor is an easy next step.

MoKelly