Well, the right way to do it would be to take the friend to court and sue him for the money. The underhanded sneaky thing would be to report the car stolen, as the title is not in his/her name.
You signed away those "rights" when the title was assigned into the name of the former friend. The only way to revert things back on the title, is for the former friend to "sign off" as owner and for you to "sign on" as buyer - then take the ownership document to your local Motor Vehicle office and have the title legally changed to your name.
Absolutely, if the friend has not paid the payments that were agreed upon in the contract you can absolutely go and reposess the car, just before you do, ask yourself how good of a friend this is, maybe they are going through a hard time a need a little break from you, if you want the car back worse than you want your friend, then by all means, go and get it, might want to go to the local police office and get a police officer to go with you just in case there is a problem.
1. to avoid the hassles(possible lawsuits) next time, BETTER paperwork on your part. Contract, payment record, security lien on the car.IF the title is in your name, you are merely taking possession of your car. How will you explain why you did it when the debtor reports it stolen? He said/you said???If the title is still in your name, you actually have more leverage. The car is still legally yours. If you have any questions feel free to email me, I own my own repossession company.
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
No you can't. It doesn't belong to you. Even if you made all the payments on the car, it is not "legally" yours until or unless the title is in your name. But all you have to do is have the one who's name is on the title sign the back of it, relinguishing ownership of the vehicle. Then take it to the DMV and have the title switched over to your name.
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