The person whos name is on the TITLE as OWNER gets to keep the car IF no one has it as collateral for a loan in DEFAULT.
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
That would be an agreement between buyer and seller. I cannot advise you against this enough.Buyers may be hard to come by, but wait around until you get a cash buyer who'll come and buy it outright.
No, as of 2005 Nevada does not tax private-party vehicle sales, but only if the buyer is a legal resident of the state.
More than likely no. You have a bad situation. You made the payments but the other party actually owns the vehicle. In other words you may have just bought this person a car. You need to talk to a lawyer.
You locate the car and remove it from the possession of the default debtor.
After a car sale, a private party can return the car within thirty days. This return policy is dependent on the individual seller.
yes it is
To sell a financed car to a private party, you need to first check with your lender to see how much is left on the loan. Then, you and the buyer can agree on a price that covers the remaining balance. The buyer can pay you directly, and you can use that money to pay off the loan and transfer the title to the new owner.
no it is there job to check out the car
To sell your car to a private party, you need to advertise it, set a fair price, prepare the necessary paperwork like the title and bill of sale, and arrange a meeting for the potential buyer to inspect and test drive the car. Once you agree on a price, complete the sale by signing over the title and transferring ownership to the buyer.
The private seller holds the title until paid in full, he should transfer the title to private buyers name and place a lien on title then the title will be mailed back to the private seller and once vehicle is paid the seller signs off on the lien and mails the title to the buyer. A contract/bill of sale should be signed by both parties to the payment agreement established for the protection of both parties.
It depends. If you have sold the vehicle to the "Buyer" and you have a security interest or "Lien" against it, then yes. The "Buyer" is responsible. If they decide not to pay, then you will have to take them to court to remove their name from the title.