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Asked 9/15/2011

Car repo / buyer wont complete payment

My step son who does not live with me sold a vehicle out of desperation needing money for college.
He received less than half of the agreed money and let the guy take the car. This car was basically inoperative as far as registration. my stepson didnt drive it. he was basically restoring it. It has fallen upon me to collect the rest of the money owed which was 391.00. the buyer met me and only had 160.00. there was a written bill of sale that he would pay the whole 391. He now has been dodging me, giving every excuse he can and now has moved. he still owes 231.00. the title is till in my stepsons name but he is out of the country attending college. what can i do to collect or repo the car from the buyer?

 
 
 
 
Answers

Answer 1/1 - Submitted 9/15/2011

Since the new owner doesn't have the title he can't register it.
My guess is he will part it out or let it sit. If it's worth anything
someone will have to send your stepson a certified letter
return receipt requested to contact him to clear the title or
post a notice in the local newspaper.

If you feel it's a theft by deception situation talk to the police
and see if charges can be filed. Otherwise the legal and towing costs to recover
the car may exceed its value.

P.S. This happened to me. A friend needed a car and he stopped paying
after a few months. The state sent him the title because the clerk didn't want to do the paperwork
for the lien. I lost $200. You know what they say, In God We Trust, all others pay cash.

P.S.S. Ask the local title office what they suggest, also.

 
 
 
 
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