i sold a car i had a lien on but thought i had paid it off entirely,turns out i still owe money on it. can i get my car back from who i sold it to if i give him back the money?should i ask the dmv?
2007-07-15 08:56:14 · 9 answers · asked by blankmeow 1 in Business & Finance ➔ Renting & Real Estate
DMV would not have approved this transaction. Pay the balance on the loan. Get the lien released.
2007-07-15 09:00:22 · answer #1 · answered by Mary G 6 · 0⤊ 0⤋
The answer is no and no.
DMV has nothing to do with financing liens.
That you made a mistake and didn't pay off the lien doesn't have anything to do with the sale of the car so you can't undo the sale. You owe the money, you need to pay it.
2007-07-15 09:02:25 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It would be in the best interest of the buyer to want to return the vehicle with full return of his/her money. The lien is on the car so they are now responsible for it.l
2007-07-15 09:01:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
oops - you messed up....and so did the buyer.
the buyer should never have purchased that vehicle without the title.
now if the payments are not made, the buyer will probably loose it to a repo....and he will be able to sue you for that.
if you call the buyer, and explain to him...if hea agrees to return the vehicle--you will need to return his cash (do you have it?) you will also need to put insurance on it asap if you do get it back.
the only other option is pay off the car, get the title and give it to the new buyer. He cannot currently register or insure it without that title being in his name...so you are currently responsible and holding all the cards.
good luck :)
2007-07-15 09:03:30 · answer #4 · answered by Blue October 6 · 0⤊ 0⤋
You should contact the person you sold it to and let them know. When they go to register the car in the state, this lien will appear. I suggest you try to work something out with them.
2007-07-15 09:01:36 · answer #5 · answered by Anonymous · 0⤊ 1⤋
No you can't, unless they agree to that. (If it were me, you'd be paying back more than I paid you to compensate for the inconvenience.)
The new owner can sue you for the balance due on the note if you don't pay it off.
If you offered a clear title to the owner while knowing that the title was not clear you could be prosecuted for fraud.
2007-07-15 09:04:24 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No, you can't just get your car back. Unless the seller agrees to it, and I don't see why they would.
Just pay off what you owe. What's the problem?
2007-07-15 09:00:16 · answer #7 · answered by hottotrot1_usa 7 · 0⤊ 0⤋
in basic terms thank you to sell that's to have the guy figuring out to purchase it bypass to the lienholder with you and get authorized to take over the steadiness of money. the shopper can not get the identify (reproduction of) with out doing this. No identify equals no thank you to sign up it.
2016-10-03 21:12:46 · answer #8 · answered by ? 4 · 0⤊ 0⤋
He'll fine you when it comes time to renew the registration.
2007-07-15 09:06:59 · answer #9 · answered by From Yours Trully 4 · 0⤊ 0⤋