M
mom2boys1girl
Guest
sold car was never paid in full
My husband and I sold a used van to a coworker of his. We made payment arrangements (3 installments) My husband typed out a contract for both him and the future buyer and they both signed it.
The contract is as follows:
I,(_husbands name_) am selling a blue 1985 Chevy Astro van in as is condition to (_buyers name_). He understands that there is written or implied warranty and it is being sold "As Is" He had agreed to make 3 separate payments on the dates listed below. The arrangement are as follows:
1st payment amount $300.00 paid on Sept 19,2000
2nd payment amount $300.00 due on Oct 3,2000
3rd payment amount $200.00 due on Oct 17,2000
Once the initial payment has been received, the van is considered sold and will not be driven by myself or any others until it is delivered to (_buyers name_) on Oct 17,2000. There are no refunds or returns once the monies have exchanged hands.
If both parties agree to the terms set forth above then please sign and date below:
Seller: (_seller signed_) date: 9/19/00
Buyer: (_buyer signed_) date: 9/19/00
We were going to hold on to the van until it was paid in full, but the buyers job was threatened due to tardiness and absenteeism's at work because he had no ride to get to work. So we gave him the van after the 2nd payment with the verbal understanding it would still be paid on the due date of last payment. The buyer still ended up getting fired and we never saw the payment (unfortunately we gave him the title because we didn't trust him having it and driving it under our name, we thought we would be OK since we had the agreement)
At this point what are our options? We really don't have the money to throw away to go to court and it be dismissed because we didn't write up another contract stating he was getting the van but still owed $200.00 (we were on vacation when he got fired so we had no option to write up another contract)
Sorry for the lengthy question but I wanted to cover all aspects.
Thank You for you time and help in this matter.
Carolyn ( we live in Franklin,TN)
[Edited by mom2boys1girl on 01-18-2001 at 12:23 AM]
My husband and I sold a used van to a coworker of his. We made payment arrangements (3 installments) My husband typed out a contract for both him and the future buyer and they both signed it.
The contract is as follows:
I,(_husbands name_) am selling a blue 1985 Chevy Astro van in as is condition to (_buyers name_). He understands that there is written or implied warranty and it is being sold "As Is" He had agreed to make 3 separate payments on the dates listed below. The arrangement are as follows:
1st payment amount $300.00 paid on Sept 19,2000
2nd payment amount $300.00 due on Oct 3,2000
3rd payment amount $200.00 due on Oct 17,2000
Once the initial payment has been received, the van is considered sold and will not be driven by myself or any others until it is delivered to (_buyers name_) on Oct 17,2000. There are no refunds or returns once the monies have exchanged hands.
If both parties agree to the terms set forth above then please sign and date below:
Seller: (_seller signed_) date: 9/19/00
Buyer: (_buyer signed_) date: 9/19/00
We were going to hold on to the van until it was paid in full, but the buyers job was threatened due to tardiness and absenteeism's at work because he had no ride to get to work. So we gave him the van after the 2nd payment with the verbal understanding it would still be paid on the due date of last payment. The buyer still ended up getting fired and we never saw the payment (unfortunately we gave him the title because we didn't trust him having it and driving it under our name, we thought we would be OK since we had the agreement)
At this point what are our options? We really don't have the money to throw away to go to court and it be dismissed because we didn't write up another contract stating he was getting the van but still owed $200.00 (we were on vacation when he got fired so we had no option to write up another contract)
Sorry for the lengthy question but I wanted to cover all aspects.
Thank You for you time and help in this matter.
Carolyn ( we live in Franklin,TN)
[Edited by mom2boys1girl on 01-18-2001 at 12:23 AM]