Scenarios:
1. If you sold the car for cash, and the buyer paid you in full, you have nothing to repossess.
2. If you signed the title (aka pink slip) and the buyer had their name listed as Registered Owner, you no longer own the car - nothing to repossess.
3. If you sold the car and did NOT sign the title, and allowed the buyer to make monthly payments to you, AND the buyer has defaulted on making payments for some specified time, you MIGHT have some rights in regards to respossessing the vehicle.
4. If no written agreement was made (and properly signed) at the time of sale specifically stating the monthly payment arrangements - in other words a handshake deal - you MAY not have any recourse.
Before proceeding, please consult legal help on this matter - Don't take what you may think is the law into your own hands.
The buyer has the right to surrender the vehicle before he picks it up. Or pay for it.
yes
i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do
Call the police and tell them that the co- buyer is not agreeing to the terms of use of the car when said car was bought.
Absolutely, if the car is in your name, it is your car. Go get it.
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
YES, if there is no breach of peace
The bank can repossess the car if payments are not made.
IF they did not break into the garage(ie; someone let them in)
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.