Fort Wayne, IN.
I sold my car for $1500 and the agreement was for the buyer to pay $150 every Friday until the car was paid off. The contract says if he fails to pay the car off I have the right to repossess the car. Our contract was notarized and signed by both parties. Me not knowing how car deals work, I gave him the title BEFORE he fully paid off the vehicle. Is it even worth it for me to take him to small claims court? Also, he paid in cash but I have a receipt book with all of the dates and amounts he paid; is this even worth anything? I've learned that he's basically done paying me due to personal reasons when there is only $400 left. He's also trying to sell the car even though he hasn't paid me in full so I don't know how this would affect the collection.
So my question I guess is can I still repossess/get paid the full amount of the car even though the title is in his name now? Also the cash amount is on the contract so would it just default to that instead of me repossessing the car?
I sold my car for $1500 and the agreement was for the buyer to pay $150 every Friday until the car was paid off. The contract says if he fails to pay the car off I have the right to repossess the car. Our contract was notarized and signed by both parties. Me not knowing how car deals work, I gave him the title BEFORE he fully paid off the vehicle. Is it even worth it for me to take him to small claims court? Also, he paid in cash but I have a receipt book with all of the dates and amounts he paid; is this even worth anything? I've learned that he's basically done paying me due to personal reasons when there is only $400 left. He's also trying to sell the car even though he hasn't paid me in full so I don't know how this would affect the collection.
So my question I guess is can I still repossess/get paid the full amount of the car even though the title is in his name now? Also the cash amount is on the contract so would it just default to that instead of me repossessing the car?
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