Question about Kawi Card & Title

PrincessJae · January 23rd, 2013, 11:06 AM

Hey Everyone!

I first bought my Ninja 250r in July 2012 and "financed" it though the Kawi Card for $5,600. It was my understanding that I would recieve the title for this in the mail - which I did. Last week the dealer called me and said that they needed me to send them back the title or my bike would start to be repossessed. I've made every payment (+ extra) every month.

I figured I'd mail them back the title no problem but my coworker suggested I get more information on it before I do. Is this required considering that I have a credit card and not a bike loan?? I mean, the financing company isn't even listed as a lien holder on my bike, if anything were to happen I would still have to pay off the credit card because I don't have gap insurance.

It just sort of seems a little fishy to me. Why now?? And why if its just a line of credit?

I actually work at State Farm and am getting my Bank certification so I'm planning on re-financing my bike soon with an actual bike loan.

Is the dealer right on this one?

EsrTek · January 23rd, 2013, 11:11 AM

If it where any other CC, the sale is treated as 'cash' as far as dealer is concerned.
I'm not sure the Kawi card is the same..at my local dealer it was Kawi Financing (not Card) and treated the same as a bank loan. Wouldn't the dealer would have to be on the title as lean holder to 'reposes' anything?!

I'd start by faxing your paperwork for bike and Kawi card to a lawyer, along with the dealers request for your title or repossession. Then simply reply to them you have your attorney on it and he/she will contact them.

alex.s · January 23rd, 2013, 11:28 AM

seems sketchy to me if the title is in your name. i would talk to someone on the number listed on the card you used to finance it. they will be able to tell you if you keep the title or if you are supposed to turn it over to someone else.

lgk · January 23rd, 2013, 11:31 AM

i financed through the card as well, and it was basically a cash sale for the dealer. the bank owns it until you pay it off.
when i paid it in full, i got the title directly from HSBC.

i would probably tell them to FOAD.

the only way they could do anything is if they had a mechanics lien on your bike because you owe them money.

Vampyre · January 23rd, 2013, 12:10 PM

Yeah I'm on the Kawi Card and was not sent the title. I will not get it until I pay it off. It sounds like they sent you the title instead of the bank.

bfpower · January 23rd, 2013, 12:19 PM

Easy fix? Refinance with someone you trust.

Jiggles · January 23rd, 2013, 12:19 PM

The title is in HSBCs name until you pay it off, if they accidentally sent you your title before you paid it off well that's not your fault. They can't repo a bike unless you default

dfox · January 23rd, 2013, 12:29 PM

the Kawi dealer shouldn't need your title, they were likely contacted by the credit card holder (i guess hsbc as people have mentioned), and asked for the title, which they should have sent to the credit card holder, not to you.

you don't get the title until it's fully paid off. until then, the bank owns your bike, you just borrow it.

PrincessJae · January 23rd, 2013, 06:49 PM

So I guess my options are

1. send the title directly to HSBC
2. Refinance the bike through State Farm
3. Keep the title and see what happens / contact attorney

I just think its weird that HSBC didn't contact me directly, and also that the title is completely in my name, sent from the DMV. I also don't really have a relationship with the dealer I bought it from. The dealership that I have a relationship with wouldn't go down on price / through helmet and sliders in so I went with a different one.

Jiggles · January 23rd, 2013, 06:56 PM

Keep it, its the dealerships problem now and I wouldn't respond to a threat that they made because of their mistake.

EsrTek · January 23rd, 2013, 07:43 PM

removed--- @MNDruggist is right

MNDruggist · January 23rd, 2013, 07:59 PM

The terms on the Kawasaki financing are a little scary. I had the option when I bought my 300. Do not ever make a late payment under any circumstance. I know people who did, and the special interest rate jumps up to some crazy 22% or higher interest rate. Also, if i remember right the special interest rate is only good for 3 years but the credit term/loan is for 5 years. So if you don't make more than the minimum payment you'll end up paying larger interest in the last 2 years.

I would send the title back, or call the customer service number if you want more information on the bank's error. It's a simple mistake and not worth getting a lawyer involved and paying extra. Technically the bank/credit card owns the bike and they could get another title for it they want to, but they are trying to scare you into saving them time and money for their error.

CynicalC · January 23rd, 2013, 08:45 PM

Quote:

Originally Posted by Jiggles

Keep it, its the dealerships problem now and I wouldn't respond to a threat that they made because of their mistake.

This is bad advice. The mistake does not benefit her in any way, it's in her best interest to see it corrected.

dfox · January 24th, 2013, 05:07 AM

If it doesn't say that HSBC is a lien holder on your title, then the dealership likely effed up when they completed the title with the state. That's probably why the dealership wants it back.

csmith12 · January 24th, 2013, 05:49 AM

This is part of the problem with the world today. Someone else makes an error, we have to correct it.

Good luck to a speedy resolution that hopefully don't cost you anything.

dfox · January 24th, 2013, 05:58 AM

^agreed...

I had a crappy issue with my car title too... i moved twice in one year. First time, the state needed to re-issue a new title. No problem, they sent it to me, DMV fixed it, sent it back. Problem is, the original title didn't have my suffix of JR on it. Now my auto company wants me to pay to get a document notarized stating that I "JR" purchased the car and am the same person that was on the original title... eff.

lgk · January 24th, 2013, 05:58 AM

Quote:

Originally Posted by csmith12

This is part of the problem with the world today. Someone else makes an error, we have to correct it.

Good luck to a speedy resolution that hopefully don't cost you anything.

people make errors all the time, i understand that...
this thing could be fixed real easy.

it just sounds like they threatened her with a repo, for no reason.

PrincessJae · January 28th, 2013, 05:09 PM

Quote:

Originally Posted by MNDruggist

The terms on the Kawasaki financing are a little scary. I had the option when I bought my 300. Do not ever make a late payment under any circumstance. I know people who did, and the special interest rate jumps up to some crazy 22% or higher interest rate. Also, if i remember right the special interest rate is only good for 3 years but the credit term/loan is for 5 years. So if you don't make more than the minimum payment you'll end up paying larger interest in the last 2 years.

I would send the title back, or call the customer service number if you want more information on the bank's error. It's a simple mistake and not worth getting a lawyer involved and paying extra. Technically the bank/credit card owns the bike and they could get another title for it they want to, but they are trying to scare you into saving them time and money for their error.

I hate that Kawi Card, I made a late payment because I'm Pacific Time, so I log in the day of to make a payment like at 1pm and it says its too late, so it charged me a late fee of $25 and I think the fees go up more and more if your late again. Its terrible!

Anyway, I do trust the dealership a little bit so looks like I'm just going to make it easy on myself they are going to come to my workplace and pick it up. I am requesting that the give me something in writing certifying that they sent me my title by mistake and are requesting it back.

After two years my apr jumps up to 22% so I have been making double payments on it every month. I dont even know if it jumped up because of the late payment... I have to check on that. But I am going to try to refinance with state farm since the apr is 6.49%.

PrincessJae · January 28th, 2013, 05:11 PM

Quote:

Originally Posted by lgk

people make errors all the time, i understand that...
this thing could be fixed real easy.

it just sounds like they threatened her with a repo, for no reason.

Yeah, they didn't need to make it seem like I did something wrong.

Jiggles · January 28th, 2013, 06:25 PM

I've used the Kawi card twice, no problems. Autopay yo bills son

January 23rd, 2013, 11:06 AM	#1
PrincessJae ninjette.org member Name: Jae Location: San Diego Join Date: Jul 2012 Motorcycle(s): 2012 Ninja 250r Posts: 33	Question about Kawi Card & Title Hey Everyone! I first bought my Ninja 250r in July 2012 and "financed" it though the Kawi Card for $5,600. It was my understanding that I would recieve the title for this in the mail - which I did. Last week the dealer called me and said that they needed me to send them back the title or my bike would start to be repossessed. I've made every payment (+ extra) every month. I figured I'd mail them back the title no problem but my coworker suggested I get more information on it before I do. Is this required considering that I have a credit card and not a bike loan?? I mean, the financing company isn't even listed as a lien holder on my bike, if anything were to happen I would still have to pay off the credit card because I don't have gap insurance. It just sort of seems a little fishy to me. Why now?? And why if its just a line of credit? I actually work at State Farm and am getting my Bank certification so I'm planning on re-financing my bike soon with an actual bike loan. Is the dealer right on this one?

January 23rd, 2013, 11:11 AM	#2
EsrTek ninjette.org certified postwhore Name: Eric Location: Murfreesboro, TN Join Date: Jun 2011 Motorcycle(s): '13 300 Posts: A lot.	If it where any other CC, the sale is treated as 'cash' as far as dealer is concerned. I'm not sure the Kawi card is the same..at my local dealer it was Kawi Financing (not Card) and treated the same as a bank loan. Wouldn't the dealer would have to be on the title as lean holder to 'reposes' anything?! I'd start by faxing your paperwork for bike and Kawi card to a lawyer, along with the dealers request for your title or repossession. Then simply reply to them you have your attorney on it and he/she will contact them.
	1 out of 1 members found this post helpful.

January 23rd, 2013, 11:28 AM	#3
alex.s wat Name: wat Location: tustin/long beach Join Date: Sep 2009 Motorcycle(s): wat Posts: Too much. Blog Entries: 5 MOTM - Oct '12, Feb '14	seems sketchy to me if the title is in your name. i would talk to someone on the number listed on the card you used to finance it. they will be able to tell you if you keep the title or if you are supposed to turn it over to someone else. __________________________________________________

January 23rd, 2013, 11:31 AM	#4
lgk ninjette.org certified postwhore Name: Jason Location: Norfolk, VA Join Date: Dec 2011 Motorcycle(s): 2012 EX250, 2014 EX300 Posts: A lot.	i financed through the card as well, and it was basically a cash sale for the dealer. the bank owns it until you pay it off. when i paid it in full, i got the title directly from HSBC. i would probably tell them to FOAD. the only way they could do anything is if they had a mechanics lien on your bike because you owe them money. __________________________________________________ Ethioknight Memorial Fund- Sticker sale http://www.ninjette.org/forums/showthread.php?t=111700

January 23rd, 2013, 12:19 PM	#7
Jiggles Jigglin' your Jiglets Name: Sean Location: San Jose, Ca Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much. Blog Entries: 1 MOTM - Apr '13	The title is in HSBCs name until you pay it off, if they accidentally sent you your title before you paid it off well that's not your fault. They can't repo a bike unless you default __________________________________________________ If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs

January 23rd, 2013, 12:10 PM	#5
Vampyre ninjette.org sage Name: Joseph Location: Winter Park, FL Join Date: May 2011 Motorcycle(s): 2011 250R Black, 2005 ZX-6R Blue Posts: 623	Yeah I'm on the Kawi Card and was not sent the title. I will not get it until I pay it off. It sounds like they sent you the title instead of the bank.

January 23rd, 2013, 12:19 PM	#6
bfpower ninjette.org mafioso Name: Ben Location: Dillon, MT Join Date: Jul 2012 Motorcycle(s): 2009 Ninja 250R Posts: 337	Easy fix? Refinance with someone you trust.

January 23rd, 2013, 12:29 PM	#8
dfox ninjette.org sage Name: Fox Location: Boston Join Date: May 2012 Motorcycle(s): 08 250R Posts: 881	the Kawi dealer shouldn't need your title, they were likely contacted by the credit card holder (i guess hsbc as people have mentioned), and asked for the title, which they should have sent to the credit card holder, not to you. you don't get the title until it's fully paid off. until then, the bank owns your bike, you just borrow it.

January 23rd, 2013, 06:49 PM	#9
PrincessJae ninjette.org member Name: Jae Location: San Diego Join Date: Jul 2012 Motorcycle(s): 2012 Ninja 250r Posts: 33	So I guess my options are 1. send the title directly to HSBC 2. Refinance the bike through State Farm 3. Keep the title and see what happens / contact attorney I just think its weird that HSBC didn't contact me directly, and also that the title is completely in my name, sent from the DMV. I also don't really have a relationship with the dealer I bought it from. The dealership that I have a relationship with wouldn't go down on price / through helmet and sliders in so I went with a different one.

January 23rd, 2013, 06:56 PM	#10
Jiggles Jigglin' your Jiglets Name: Sean Location: San Jose, Ca Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much. Blog Entries: 1 MOTM - Apr '13	Keep it, its the dealerships problem now and I wouldn't respond to a threat that they made because of their mistake. __________________________________________________ If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs
	0 out of 1 members found this post helpful.

January 23rd, 2013, 07:43 PM	#11
EsrTek ninjette.org certified postwhore Name: Eric Location: Murfreesboro, TN Join Date: Jun 2011 Motorcycle(s): '13 300 Posts: A lot.	removed--- @MNDruggist is right

January 23rd, 2013, 07:59 PM	#12
MNDruggist ninjette.org member Name: Mark Location: Central MN Join Date: Aug 2012 Motorcycle(s): 2013 Ninja 300 Ebony Posts: 39	The terms on the Kawasaki financing are a little scary. I had the option when I bought my 300. Do not ever make a late payment under any circumstance. I know people who did, and the special interest rate jumps up to some crazy 22% or higher interest rate. Also, if i remember right the special interest rate is only good for 3 years but the credit term/loan is for 5 years. So if you don't make more than the minimum payment you'll end up paying larger interest in the last 2 years. I would send the title back, or call the customer service number if you want more information on the bank's error. It's a simple mistake and not worth getting a lawyer involved and paying extra. Technically the bank/credit card owns the bike and they could get another title for it they want to, but they are trying to scare you into saving them time and money for their error. __________________________________________________ Unregistered's village called.......Their idiot is missing.
	2 out of 2 members found this post helpful.

January 24th, 2013, 05:07 AM	#14
dfox ninjette.org sage Name: Fox Location: Boston Join Date: May 2012 Motorcycle(s): 08 250R Posts: 881	If it doesn't say that HSBC is a lien holder on your title, then the dealership likely effed up when they completed the title with the state. That's probably why the dealership wants it back.
	1 out of 1 members found this post helpful.

January 24th, 2013, 05:49 AM	#15
csmith12 The Corner Whisperer Name: Chris (aka Reactor) Location: Northern KY Join Date: May 2011 Motorcycle(s): 2010 250 (track), 1992 250, 2006 R6 (street/track), 2008 R6 (track) Posts: Too much. MOTY 2015, MOTM - Nov '12, Nov '13	This is part of the problem with the world today. Someone else makes an error, we have to correct it. Good luck to a speedy resolution that hopefully don't cost you anything. __________________________________________________ Goal: Shake A Million Hands \| Look through the corners \| Track Day Prep \| Closest track? \| The Mid-Ohio School

January 24th, 2013, 05:58 AM	#16
dfox ninjette.org sage Name: Fox Location: Boston Join Date: May 2012 Motorcycle(s): 08 250R Posts: 881	^agreed... I had a crappy issue with my car title too... i moved twice in one year. First time, the state needed to re-issue a new title. No problem, they sent it to me, DMV fixed it, sent it back. Problem is, the original title didn't have my suffix of JR on it. Now my auto company wants me to pay to get a document notarized stating that I "JR" purchased the car and am the same person that was on the original title... eff.

January 28th, 2013, 06:25 PM	#20
Jiggles Jigglin' your Jiglets Name: Sean Location: San Jose, Ca Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much. Blog Entries: 1 MOTM - Apr '13	I've used the Kawi card twice, no problems. Autopay yo bills son __________________________________________________ If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs

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