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So on June the motorcycle I lease from a dealer got stolen and I file a police report. The original owner of the bike got notified that the bike was stolen aswell and contact me saying that the bike was still hers and still own the bike so my question is the motorcycle wasnt the dealer to sell since they didnt have the title of the bike and I been up to date and paying the lease but I'm still paying a lease for the bike even doe it's stolen and it wasn't the dealership to sell and had no ownership of the bike so I'm paying for a bike that never going to be mine isn't that the point of the lease and what can I do to get off the lease?shouldn't the contract be invalid since I lease a bike that wasn't the delaership?
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First, no, a lease intention is the opposite, as if you were buying the bike you would have bought it and financed it. Second, that the bike gets stolen is YOUR problem not the lease company's or the dealers, you still owe on the lease and should have had insurance to cover the loss. Finally, not sure what is going on with the other person claiming its thier bike as there may be something shady going on there from several angles that you will need to sort out.
Answered on Aug 14th, 2017 at 6:03 AM