AboutJeremy Beck Expertise I can answer any question as it relates to the purchase or lease of a new or pre-owned vehicle. I can give you advice in purchasing from a franchised dealer or private party. Buying a vehicle can be a very difficult and frustrating experience, but it doesn't have to. Know before you Go! Let me help you with any of your questions.
Experience I have been in the automotive business for 10 years. I have held every position from salesperson, Finance Manager, New Sales Manager, Used Car Sales Manager, Finance Director, and Director of Sales and Finance. I graduated from the University of Texas with a major in Business Administration, and have held many sales jobs in the automotive sector. I am a member of the Association of Finance and Insurance Professionals (AFIP). I have also been trained by some of the best schools in the business including JM&A, Ethos, VT/AIG, Inc, and various others.
Question Hello,
In 2008 i bought a car from a private party. We had a contract that seemed to be set up just as if i had bought
from a dealership. I paid a down payment and monthly payments on time every month. For some reason the title has yet to put into my name and the owner is now filing bankruptcy and is trying to get the car back to submit to the IRS. I wonder what i can do to keep this car. Is it legal for him to do this? Would have no problem faxing or writing out the contract for you if it'll help.
Thanks in advance!!
Answer Juanita,
This is HIGHLY ILLEGAL! You need to contact an attorney NOW! Your seller has broken so many laws it isn't even funny! Furthermore, you should be the registered owner of that vehicle, if you have been making payments and have a copy of the contract. If that person is not a licensed dealer then he has broken the law and is liable for every penny you have paid him, plus all of the registration fees. You will not be in trouble, but your seller will be.
