Can I be reimbursed??

[ROCSTAR22]

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So after much thought im planning on Selling my bike. Im under jevco and I will be paying off my final Monthly payment on there 6 month program. My question is if I sell my bike now will I be able to get some money back? since there is no bike to really insure after it is gone

My payments started at march 2012 if that helps

Not planning to purchase a bike again until end of riding season as well

Thanks for the replies

 

[AngelEyez]

I don't think so.

 

[laydee]

I doubt it, you signed a contract to have a vehicle insured for 6 months so selling it in between, I doubt they'd give you any reimbursement.

 

[kanabis]

Maybe they'll give you a couple of lolipops for the kids but a refund.... comon who you kidding?

 

[GreyGhost]

You may get a little back, but you have ridden through the most expensive months of the year, so don't expect anything like 50% returned. Without looking at the tables that Vifferfun has posted (not sure if there is one for Jevco), if you sold now, I would expect something like 20-30% returned.

 

[VifferFun]

I don't know the Jevco premium-earning schedule, but I'm sure that it's similar to State Farm's:

http://www.gtamotorcycle.com/vbforu...-Farm-policy-Want-to-know-your-Penalty-Refund

 

[PLau]

Why don't you just call your broker and ask?

 

[Wheelieboy]

I think for Jevco, after 30 days you get x% back, after 60 y% and after 90 (or 120) you dont get anything back.

 

[DSoup]

it goes 30 days, 60 days, 90 days, 120 days, 150 days and 151+ days. I THINK it's 86% returned, then 68% returned, then 52% returned and don't remember after that but it goes down pretty quick and the last one was like 17% returned.

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