Article View: misc.consumers
Article #8517Re: Private Car Purchase--Horror Story
From: Randy Marks
Date: Tue, 07 Jul 1992 06:04
Date: Tue, 07 Jul 1992 06:04
44 lines
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3140 bytes
In article <1992Jul5.230242.11340@CSD-NewsHost.Stanford.EDU>, ash@sumex-aim.stanford.edu (David Ash) writes...
>A friend of mine bought a car privately about six months ago. Unfortunately
>the car was financed, and so the previous owner needed to pay off the finance
>company out of the purchase price that my friend paid. Even more
>unfortunately, it appears the previous owner simply pocketed the entire
>purchase amount and never paid off the finance company. The previous owner
>has provided numerous excuses for his failure to do so, of which my friend
>believes some and I believe none.
>
>The bottom line, though, is that six months after paying for this car, my
>friend still has not received the title to the car. In other words, the car
>still legally belongs to the previous owner, and probably by this point the
>loan is in a serious state (i.e. the finance company probably wants to repo
>the car, but I'm speculating at this point). My friend also suspects the
>previous owner withheld a key from him, and so he has bought a club for the
>car for the sole purpose of preventing the previous owner from stealing it
>back.
>
>Now two questions arise:
>
>1. What should my friend have done to prevent this sorry situation from
> developing in the first place?
Holy shit. You mean your friend paid for the car without getting the
title? The answer to 1. is he should have gotten a title in exchange
for the money he paid. This typically takes place all at once.
In other words, you never pay for a car without immediately getting the
title.
>2. Am I right in feeling that potentially he could be in a lot of trouble?
> And if so, what action(s) should he take given the current situation to
> protect his interests?
>
See a lawyer. Your friend is in deep yogurt unless the other party
decides to cooperate. Very unlikely, based upon what you've presented here.
Randy Marks
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..........................................................................
"No man's life, liberty, or property is safe
while the legislature is in session."
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 107518,1eff4b9173ae3389 X-Google-Attributes: gid107518,public X-Google-Thread: 10001a,1eff4b9173ae3389 X-Google-Attributes: gid10001a,public X-Google-ArrivalTime: 1992-07-06 16:45:34 PST Newsgroups: misc.consumers,ca.driving Path: arc1-ca.pugleaf.net!sparky!uunet!decwrl!pa.dec.com!nntpd2.cxo.dec.com!ssdevo.enet.dec.com!marks From: marks@ssdevo.enet.dec.com (Randy Marks) Subject: Re: Private Car Purchase--Horror Story Message-ID: <1992Jul7.050815.9282@nntpd2.cxo.dec.com> Sender: usenet@nntpd2.cxo.dec.com (USENET News System) Organization: Digital Equipment Corp. - Colorado Springs References: <1992Jul5.230242.11340@CSD-NewsHost.Stanford.EDU> Distribution: usa Date: Tue, 7 Jul 1992 06:04:00 GMT Lines: 44