baught a car that was not paid for?

Question

i really need advice a year ago i baught a car from a friend .We agreed that i would pay her monthly payement for a year
now the year is up and i have been advice that she didnt make her montly payement and the repos is looking for the car
what can i do what r my right
someone please tell me

Answer 1

OK ... Either you had a formal written "bill-of-sale", or you didn't. Something else that had to occur was that the title (and license) to the vehicle changed, from the previous owner to you.

If you have a bill-of-sale, and the title was changed to your name (and, presumably, the licence) ... and money was still owed by the original owner to (whoever), the original owner is still on the hook for the amount owing.

If any of the above are missing, you're going to be out of wheels. Unless you get everything fixed up with a paper trail before the repo lads show up on your doorstep.

The original loan (I presume the car was bought originally, and not a leased vehicle) was secured by the value of the vehicle, on the assumption that it could always be repossessed. If the owner doesn't have it (for whatever reason), they still owe the money, but don't have anything to repossess ... if they defaulted seriously enough, it could mean jail time.

Answer 2

Either way you and your friend need to figure something out fast because banks don't care what your story is, they just want their money back, and if they aren't getting their money, they will take the car, no questions asked. I'm not sure what type of agreement you and your friend actually came to. But any verbal agreement won't hold up very well if you take your friend to court over the issue. You need to work this out with your friend, if worse comes to worse, start making the payments yourself so that your car doesn't get repossessed, then speak with a lawyer about how to handle the situation. I hope this advice helps, Best Wishes :-)

Answer 3

Hopefully you have the paperwork that you wrote up when you bought the car from your friend. First off it's her credit that's been screwed over with her not paying for the car. You will probably lose the car, but your credit is still intact.

I would first ask your friend for your money back since she didn't keep her end of the bargin to pay off the car. If she refuses then
the only thing really left is to take all your cancelled checks and sue your friend or take her to small claims court to try to get your money back from her. (And unfortunatly she probably won't be your friend for much longer)

Answer 4

buying a car without getting the title is a bad idea all around...if the car is still in your friends name there isnt much you can do except take you friend to court and get your money back. You lose a car nontheless. If you and your friend wrote out a contract when they sold it to you, that will be plenty of evidence against your friend to do so. You will probably lose a friend as well..

Answer 5

Unfortunately you have little or no rights because you cannot legally sell or buy a car with a lein on the title. If your "friend" cannot payoff the car to gain clear title, and then sign the car over to you, your only recourse would be to sue your "friend".

Answer 6

If you have any records of the payments you made to her, and any form of contract, take her to small claims court.
Also, she is not your friend. She deceived you and cheated you out of your money.
If you do not have any records of payment, you are screwed.