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Can you legally repossess a car you sold to a friend with a contract and the title is in your name?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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Who can repossess a car?
Any one on the title or that has a contract.
Can you legally repo a car you sold to a friend with no contract and the title is in your name?
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.
Can you legally repossess your car with a lien on the title?
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
If you gave your son a vehicle and put yourself as a lienholder on the title can you legally repossess it?
Do you have a contract or agreement that says he will repay you? Has he breached that agreement and is he in DEFAULT of it by not paying? If so, yes. (General rule for the future: Have your child sign a contract for any money you "give" him, like any lender would do.)
Can a private seller repossess a car?
If the terms and agreements of the sale is not met legally yes they can if they have retained their legal title to the vehicle
How can you repossess a car in Missouri you sold to a friend with only an oral contract that he would make monthly payments?
If you did not give him the title, all you need to do is go get the car (hope you kept the spare key). If you did sign the title over to him with no documented agreement concerning the payments, you have probably given your (ex)friend an expensive present.
If a car was paid for and then you took out a title loan against it for twice the vehicle's value can the title loan company repossess it?
Why would they NOT be able to repo a car they purchased the title to? READ your contract.
How do you legally repossess a car from someone late on their payments that's in lien to you but registered to them?
From my Experience All you really need is a written Contract on the said property, Dealers, Used car lots, and Banks register the property financed so it shows the lien on the title. Private sales with money owed if you have a written contract you can repossess on site. if this is an oral agreement, You will have to go through the small claims division of the county courts
How do you Repossess own vehicle from a joint owner?
LEGALLY, you can't repossess anything from the owner. Once that person signed the title, its half theirs. you will have to take him/her to court with probable cause, or convince them to sign away ownership. Good luck
Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
Does the lender have to have a lien on the title to repossess?
No, they just have to have proof you borrowed money and used the car a collateral for the loan. The contract you signed promising to pay them back is that proof.
You have the title to your car however you are still paying the notes if you are late on a payment can the creditor repossess the car?
if the creditor's name is nowhere on the title,only your name,no one else. no liens. No one can legally take your car.
