I sent a repo letter to my friend who has failed to pay the monthly payment on a car I'm selling him. It states if he doesn't pay the full amount within 10 days then I will repossess it. The letter was sent certified meaning it requires a signature for delivery. HERE IS MY PROBLEM. IF HE FAILS TO PICK IT UP FROM THE POST OFFICE AM I REQUIRED TO SEND ANOTHER ONE AND GIVE HIM ANOTHER 10 DAYS TO PAY THE FULL AMOUNT OR CAN I JUST TAKE THE CAR. IT DOESN'T SEEM RIGHT THAT I HAVE TO WAIT EVEN LONGER BECAUSE HE REFUSES TO PICK THE LETTER UP OR SIGN FOR IT.
2007-01-29 06:41:16 · 6 answers · asked by smileysweetits 2 in Cars & Transportation ➔ Buying & Selling
Unless you have a signed contract saying the car can be repoed, UR screwed. So go see the local shylock and give him a percentage of the note and let him collect. The shy may want all of the note. If he does, let him have it. You will have the satisfaction of knowing that this bum will have a cast on his leg for a few months for not paying.
2007-01-29 06:54:38 · answer #1 · answered by maxinebootie 6 · 0⤊ 0⤋
Not sure what state you are in, but holding a title for payment is usually frowned upon unless you are a lisenced dealer.
if the title is not yet his, then take the car,
if the title is in his name, ( which legally it should be to protect you from liability ) your peice of paper is exactly that, a peice of paper. and your only hope will be a civil suit,
where you will lose! because a contract for payment must be done on legal documents and recorded with the state at the time of sale ( when he registered the car )
if there is no lein on the car recorded with the state, that lists you as the first secured interest.....
then he owns the car , period.
the truth will set you free.... but first it will piss you off!
2007-01-29 06:52:29 · answer #2 · answered by fighterace26 3 · 2⤊ 0⤋
go to police office first, they will send an officer with you. to stay with in the law . but show the title & letter to them where they refused to sign for the letter ,the people can see where the letter is coming from ,and not sign for it .they are just playing games and wearing the vehicle out !!!! you can press charges using the police -then its called grand theft auto basicaly, they pay or pay jail /probation maybe penetencery
2007-01-29 06:59:34 · answer #3 · answered by dirtdevil216 2 · 0⤊ 0⤋
If he doesn't sign the letter it will be returned to you with a notice that they refused delivery.
This is proof. Repo the car.
If you're not comfortable with this, send a second letter. After that, it's anybody's game.
2007-01-29 06:46:12 · answer #4 · answered by rob1963man 5 · 1⤊ 0⤋
Legally you have to start the 10 days based upon his receipt. I would repo the car anyway. Anybody too lazy to pay their bills would not contest it.
2007-01-29 06:48:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
just go take the car. then run him over with it, will save you the hassle of small claims court!
2007-01-29 06:44:26 · answer #6 · answered by michael_oxgood 4 · 1⤊ 1⤋