What is the name of your state (only U.S. law)? Ohio
I bought a used car two months ago and had a used car inspection done on it, it came back saying it had a radiator leak, oil leak, some other minor things etc. I have been trying to sell the car recently and last week someone came to check it out, I informed him I had a used car report and such and such was wrong with it, he looked under the hood and agreed there was a radiator leak. I had checked it regularly when I first bought the car, never had to put a drop of coolant in. I've checked it less regularly since then but still, it never needed fluids. He offered me 1900 at the time, which I politely refused and said I was looking for 2200 for it. He said okay and left. Yesterday he contacted me and said if I would still sell the car for 2200 he would come get it that day. I said okay, signed the title and had it notarized, and the title/cash were exchanged. Today I got a call from him and he said the car overheated on him and he wants his money back, I was busy at the time and said I'd get back to him. My question is, since the title/cash already exchanged hands, do I have any responsibility to give him his money back? I had made him fully aware of the radiator leak before he bought it. However, I called the BMV and the title is still in my name, so he hasn't switched it over yet. If I tell him sorry it's your car now, can anything fall back on me since the title is still technically in my name? What are my options?
Thank you for your advice..
I bought a used car two months ago and had a used car inspection done on it, it came back saying it had a radiator leak, oil leak, some other minor things etc. I have been trying to sell the car recently and last week someone came to check it out, I informed him I had a used car report and such and such was wrong with it, he looked under the hood and agreed there was a radiator leak. I had checked it regularly when I first bought the car, never had to put a drop of coolant in. I've checked it less regularly since then but still, it never needed fluids. He offered me 1900 at the time, which I politely refused and said I was looking for 2200 for it. He said okay and left. Yesterday he contacted me and said if I would still sell the car for 2200 he would come get it that day. I said okay, signed the title and had it notarized, and the title/cash were exchanged. Today I got a call from him and he said the car overheated on him and he wants his money back, I was busy at the time and said I'd get back to him. My question is, since the title/cash already exchanged hands, do I have any responsibility to give him his money back? I had made him fully aware of the radiator leak before he bought it. However, I called the BMV and the title is still in my name, so he hasn't switched it over yet. If I tell him sorry it's your car now, can anything fall back on me since the title is still technically in my name? What are my options?
Thank you for your advice..