Hopefully, you had the good sense to put a lien on that vehicle. You can have a recovery agent repossess the car.
depends on what state you are in.
Yes, it is your car.
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.
If you've already signed away the title, no. The old wisdom goes something like: "A verbal contract isn't worth the paper it's written on." Not really much of a friend, is he. * Verbal contracts are binding in all US states. The difficulty is in proving one's claim. If the seller has proof that the buyer made any amount of payment, has witnessess to the transaction, then a case can be made. Such a case, as indeed in lawsuit is not guaranteed a specific outcome. The other issue is the exact meaning of "no title". If there was not a clear title to the vehicle then a valid sale is not possible. The orignal owner can obtain a copy of the vehicle title from the state DMV. A buyer who simply has possession of a vehicle with no proof of previous ownership/seller cannot legally register or insure the vehicle.
You can be added as a driver if you driver their vehicle sometimes but your vehicle cannot be added to their policy. The policy needs to be in the name of the person who owns the vehicle and all drivers and household residents should be listed on the policy as drivers or just residents. If you put your vehicle on a policy in a friends name the insurance company will deny the claim if an accident occurs. You sign a legal contract and state such in the contract.
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.
No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.
If you have a written agreement to show in court it cant hurt. It depends on what is in the agreement. Take this to court with you it may help.
Was there a written contract between you and your friend that listed repossession as a cure for non payment? I would consider contacting an attorney on this one.
You don't. Let your friend register his own vehicle.
Not in Massachusetts
If the car is in your name, you have all of the rights. If things were to fall through between the two of you, unless you and he have a signed agreement that you'll pay him back, you dont' have to pay him anything. Of course, that would be horrible to do, and he could take you to small claims court to get his money back. * Verbal agreements are legally binding. Only the person who holds title to a vehicle owns the vehicle. It is irrelevant who the vehicle is registered to. If the person has the title he or she can legally repossess the vehicle at any time and sue the borrower for any applicable costs connected to the repossession.
No. If you are driving a vehicle with someone's permission, they assume the risk of letting you drive it and therefore their insurance company also assumes the risk. Under the policy contract, you would be considered an 'insured' because you had permission to use the vehicle. If you were responsible for the damage to your friend's vehicle and the accident was your fault, the only coverage to file would be Collision Coverage. Uninsured motorist is a coverage that would pay for damages to your friend's vehicle if you had been involved in a hit and run accident in which the unknown driver is at fault or if the other driver is known, is at fault and does not have insurance.
Yes, If your are driving your friends vehicle then they are required to schedule you for coverage, otherwise you would be an uninsured driver. If you are asking can your friend add you and your vehicle then that would depend on what your friends financial interest is in your vehicle. If your friend has no insurable interest in your vehicle then it would be unlawful for them to add it to their policy. But they can certainly and are in fact required to add you to their policy if you are driving the friends owned vehicle.
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No, unless your parents adopt your best friend or vice versa.
If your friend refuses to return it then you must contact the police for theft.
Yes. You can also drive it home, to the store, school, your friend's, and even your grandma's.
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