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Car Selling

Can you repossess a car if the person who bought it from you still owes you money for the car and you still have all the paperwork?


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Wiki User
2015-07-15 19:54:16
2015-07-15 19:54:16

Your state may have other requirements that you have to meet to do so. At the very least, you need a loan contract that perfects the security agreement.

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no that's illegal and you shouldn't have bought it if you didn't have the money crackface.

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If it's a person to person sale, no paperwork in required in Tennessee, however, many people suggest that you make a bill of sale so you have evidence that you sold it. As long as both people are Tennessee residents, you simply exhange the gun with the other person for the money. If it is a gun being bought at a gun shop, the gun shop will process the necessary paperwork (paperwork is required for a sale by a licensed dealer).

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YES, they can. The person who sold the car can be charged with selling mortaged property(felony in most states).You will be out your money. best to take the car back to the seller and get your money back while you have a chance.

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As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.

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No. If I give you money, it is yours. You can do whatever you want with it. If I lend you money, I had better get a receipt. I will need paperwork. Then, I can sue you to get it back. The name of the game is paperwork.


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