What is the name of your state (only U.S. law)? Indiana
ok... This is going to make me really look bad, but I promise it's no worse then I feel. A little over a year ago I started making payment on a vehicle from a private seller. I asked this seller several times for a final price, and one was never told to me. I also never signed anything to agree to a price for this vehicle. The Seller Signed over the title to me. He put a price of 1200 dollars on the truck to help with the taxes when I went to get plates. I did get the title in my name, the vehicle is registered in my name, and the insurance is in my name. Nothing was ever written, but I started making some sort of payments. Well money is very tight now, and I haven't been able to pay on the vehicle. Now the private seller is threatening me saying that if he were a real bank he would have already repo'd, but wants me to give the vehicle back. He says that if I do not then he will hire someone to come take it. I have all of the receipts of every time I have paid him. Totally around 2600. My question is if the title is clear and in my name, and the vehicle is registered to me..... does he have the right to take the truck back? I mean I will admit that I am behind, but since there was never a written agreement on the price at what point do I just stop paying? At this point I would just give the truck back, but I can't afford another vehicle. If I could then I would. Can he take the truck? and if he does, can I report it stolen and press charges?
ok... This is going to make me really look bad, but I promise it's no worse then I feel. A little over a year ago I started making payment on a vehicle from a private seller. I asked this seller several times for a final price, and one was never told to me. I also never signed anything to agree to a price for this vehicle. The Seller Signed over the title to me. He put a price of 1200 dollars on the truck to help with the taxes when I went to get plates. I did get the title in my name, the vehicle is registered in my name, and the insurance is in my name. Nothing was ever written, but I started making some sort of payments. Well money is very tight now, and I haven't been able to pay on the vehicle. Now the private seller is threatening me saying that if he were a real bank he would have already repo'd, but wants me to give the vehicle back. He says that if I do not then he will hire someone to come take it. I have all of the receipts of every time I have paid him. Totally around 2600. My question is if the title is clear and in my name, and the vehicle is registered to me..... does he have the right to take the truck back? I mean I will admit that I am behind, but since there was never a written agreement on the price at what point do I just stop paying? At this point I would just give the truck back, but I can't afford another vehicle. If I could then I would. Can he take the truck? and if he does, can I report it stolen and press charges?