Repossing a vehicle from ex-boyfriend
I have a vehicle in my name that my ex-boyfriend wanted to purchase. He tried applying for credit and was denied. We agreed (verbally and emails) that he would make the remaining 30 monthly payments. Once the vehicle was paid off the title would be transferred to him as long as payments were made on time. He has had the vehicle for 9 months and made only 2 payments. To ensure my credit is not harmed I have continued making the payments. Am I legally required to provide him any notice that I am taking the vehicle back? We do not have any official documents (bill of sale, agreement, etc.) signed by either of us on this arrangement other than emails.
Re: Repossing a vehicle from ex-boyfriend
The car is in your name. He has failed to make payments and you have the right to repo. Since you acknowledge that you had an arrangement with him whereby he would take title is he made timely payments, a written notice of his default before you reposess would be appropiate.
Justin Schmidt
Law Office of Justin B. Schmidt, P.A.
8320 West Sunrise Blvd, Suite 204
Plantation, FL 33325