Car loan between "friends"

[ifixeyes]

Hi, I purchased a car from a "friend." I didn't have the money to give her right at that time so she attached a lien on the title for $200.00. My first pay date after that was 15th and she came to me and said she needed $500.00. Stupid me, I gave her $500.00. I did not get a reciept but my bank statement shows that I took out exactly 500.00 on the 15th. Now, when I went to her to get the lien released she said I owed her 600.00 more and if I did not give it to her she would repossess the car. I went to the DMV and they said it was a legal document she signed and that 200.00 is all she can ask for the car. But, what to do? Can she repossess the car and how do get her taken off the lien if she refuses?

 

[presutin]

Tell her that you will file a suit in Small Claims Court so you can either receive the car or recover the $300 dollars extra you paid her. Good Luck!

 

[ifixeyes]

But can she repossess the car?

 

[presutin]

What state are you in?

 

[ifixeyes]

I am in florida.

(Thanks so much for getting back to me)

 

[presutin]

She is the lien holder on paper and still holds the title to the car so, yes, she can repossess it. If I were you, to stop her threats, I would look for another car and once you find one, return hers and file a suit in small claims court to have her reimburse you the $300 that you paid extra for the lien. Good Luck!