Sold a vehicle contract was broken

[MsSmith]

I am currently selling a vehicle. We have written agreement what is required for this person to buy the vehicle. He is supposed to make weekly payments. The problem is, he never pays on time or the full amount. He is behind $1,600. My question is, can we legally repo the car? The title and insurance are still in my husbands name since the buyer has not paid for the vehicle yet. This guy always has some kind of excuse as to why he can't pay. We are fed up with it.

 

[Disabled Vet]

Did you write up a contract with this person? If so did the contract address late payment issue's? Your rights are in that contract.....

 

[army judge]

I am currently selling a vehicle. We have written agreement what is required for this person to buy the vehicle. He is supposed to make weekly payments. The problem is, he never pays on time or the full amount. He is behind $1,600. My question is, can we legally repo the car? The title and insurance are still in my husbands name since the buyer has not paid for the vehicle yet. This guy always has some kind of excuse as to why he can't pay. We are fed up with it.

Yes, you can repossess the car for the buyer's failure to pay.

Make sure you read this before you try to do anything:

http://oklaw.org/resource/repossession-of-your-car?ref=yTtjY

You should contact the sheriff's office or the local police agency (whichever one applies) where the car can normally be found, BEFORE you attempt to repo the car.

It is also better if you do the rpo in a public place, rather than on private property.
Some safer places are shopping center parking lots, supermarket lots, on the street parking, etc...

When you snatch the car, you are responsible for inventorying any personal possessions found in the car, I suggest taking pictures of the items, too.
You must then keep those items safe and be ready to return them to the owner.
Make sure you get a signed receipt when you do return the items to the owner.

More stuff you must know before you repo in OK.
If you mess it up, you can be sued.
Your state has some stringent consumer protection laws:

http://paramountlaw.net/wrongful-car-repossessions

http://www.rawlslawoffice.com/legal-services/3/Automobile-Reposession.htm

Lastly, you can hire people to do this for you.
That way, you limit the potential for being sued.