Consumer Law, Warranties Can I get my car back?Need help/advice?

[blopez2552]

Back in Sept of 07 I made a contract-Bill of Sale for my vehicle. The car is still under my name and will be until the loan is paid off in Sept 2010. The contract was not notarized and the buyer did not refinance b/c he said he wouldn't be able to. At the time I thought it was a good deal since I was unable to drive due to DL being revoked for a year. I am now able to drive and want my car back or want the buyer to put it in his name since I am unable to get a new loan since this one is in my name. He has been late a few times and in the contract it states I can get it back, but every time I confront him via phone or tell him that I want my car back he wont budge.. What can I do??

 

[presutin]

How much is the car worth today?

 

[blopez2552]

on the loan I owe $13,111.00 and the kbb price is $9,000..... another thing is which I regret is that he isnt even paying me the full amount. I am paying $100 every month. I know I was stupid and was not thinking... now I am regreting ever doing this transaction and would like to get it back, but not sure how about doing it.

 

[presutin]

Send him a certified letter stating, in very clear language, that he must inform you if he wants to assume the loan or he will return the car to you by a certain date . Failure to hear back from him will imply that you can go ahead and proceed with the repossession of your car. Good Luck!