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i was selling someone my car, but now they stopped paying payments.?

i was selling someone my car, but i didn't put them on my insurance. now they stop paying?

and changed their number. He lives in memphis tn and i live in miami, fl.... can i report it stolen?

do i have to call memphis police or miami police? I do not know his address but I have his drivers license number. If they cant' find him will insurance cover? I am so stupid. i can't believe I got into this.

i do have a contract signed and witnessed. that is how i have his drivers license number. it states he is responsible for anything that happens to the car mechanically. I guess I will have to go to Memphis and file a report to get it repoed. I have his old address, i guess I can write there and see if forwards to him. I lost new address new to packing and moving.

the car registered and insured in my name, the car is still being paid for to my bank. he was paying 245 a month for it. he wanted it when i bought a new car, so he took over payments for the older car. but he stopped now i can't contact him. we have a written contract. i just want to know my legal rights on what I can do. We live in different states now. i just want to get my car back since he stopped paying but i don't know where his new address. it was stupid of me not to get that info coz i trusted him ... if you need more info to help me.. i am miamiguye at yahoo . com

6 Answers

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  • 10 years ago
    Favorite Answer

    Repossession is the only choice. Contact a repossession company in Memphis and authorize them to pick it up. Or you can go there yourself and get it. After you have it back, sue in civil court for money owed to you.

  • Ti
    Lv 7
    10 years ago

    I'm not going to scold you. You are doing a pretty good job of that yourself.

    First of all, the car is in your name. It is your car. If something happens, you are responsible. Your insurance won't cover it unless the driver is also named on your insurance policy.

    He didn't really steal the car. You let him have it. Call the the Memphis police to see if there is anything they can do. Probably not.

    If payments stop, the bank will eventually repossess the car. If that happens, give the bank his contact information.

    Your legal rights would be to sue him in civil court for what he owes you. But of course, you would need to find him first,

    Good luck

  • 10 years ago

    yea, you are in quite a predicament. I really don't think there's anything you can do short of just finding the car and getting it back. You could take your contract to the bank to protect your credit but this is not going to be easy no matter what. The car is still registered and insured in your name...they may have warrants for you in memphis because of what he did in your car! make note to self and try to avoid such things in the future. You likely don't have good info on the guy!

    good luck.

  • 10 years ago

    Call your insurance company and immediately stop coverage! Yes, call the police and they can run his license number, find out any information from post office in the town you were mailing to as to a new address. When you get the new address, send him a certified letter of taking him to court. File with the courts and sue him!

    I'm sorry your in such a situation, I hope you learned a lesson in all this. Trust no one! Good Luck! :)

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  • 10 years ago

    NO you can't legally report it stolen. They DID NOT take the care without your permission.

    EVERYTHING about this transaction was done COMPLETELY wrong. As it stands, YOU would be 100% liable if he KILLED someone in the car, and your insurance would not have to pay a dime. Your ONLY legal option is to actually find him, and file a CIVIL case wherever he is.

    Also note: YOU are guilty of breach of contract with your bank for selling the car without paying off your loan IN FULL.

  • 4 years ago

    you have the felony top to reposses the motor vehicle on the grounds which you're listed as a results of fact the lein holder, although you may desire to verify your state rules earlier taking any action, the incorrect action ought to value you each and every thing. How long have the money been delinquent & have you ever made any attempt in writing to get carry of mentioned money. If no longer achieve this right this moment giving a particular term for money to be suggested as much as now & notice that motor vehicle would be repossed if no longer complied to.

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