I bought a car from a party and they also said they would finance the car for me. Now I feel like the guys trying to rip me off always claiming this is due and that is due for taxes, tags etc. When I get annoyed and tell him I'm fed up with this he says fine I'll just report the car stolen to the authorities and let them deal with it. Can he do this even if we have a signed contract with both of our drivers licenses under the contract and signature? The car is insured by me. Can I get in trouble if he reports the car stolen? The contract clearly states that I am taking posession of the car and I am to make payments monthly. I also haven't been a day late on a single payment and have the records to prove it.
Personal Auto Loan Question?
The contract should have listed exactly what payments were due and for how long. This way, there is no way for the other party to come up with random payments. If you signed a contract that doesn't spell out payment terms you're in trouble.
Personal Auto Loan Question?
Auto Loan Guide: http://autoloanguide.automobil... Report It
Personal Auto Loan Question?
Did you transfer the title to your name with him shown as a leinholder? If you didn't, do so immediately. That way any tax bills will come directly to you AND he won't be able to report the vehicle stolen as he'll no longer be the registered owner.
Personal Auto Loan Question?
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Personal Auto Loan Question?
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Personal Auto Loan Question?
He can not report the car stolen and the law says he has to transfer the title to you in 20 working days. If you have problems call the department of transportation if he is a dealer and has not transfered the title he can be fined and if he is not he still needs a liscenses to finance a car in Texas
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