Find Seized Car Auctions Near You

Know Where To Buy Your Dream Car For A Low Price!

Whether It Is A Mercedes, BMW, Honda, SUVs, Trucks...

Drive Your Dream Car For 90% Below Retail Prices!

Start Looking For Your Dream Car Now!

The car was then in an accident. What are my options? My friend washed his hands of it and doesn’t care. It is driveable once we get it started, but it will not pass inspection now.

How or can I get a new title for it? Or, because someone owns it, don’t know who but someone, am I stuck just leaving it? I think there’s some value there and it shouldn’t just go to a junkyard, but I may not have any legal options. Thoughts? It has to be disposed of in one way or another.
Thanks for all the answers. I have no idea who financed it or what the status is. I have not driven nor will I drive it. Thanks all, I will tell him to get his bank or their minions to pick the damned thing up. Or I will get it towed to his current residence. LOL

6 Comments »

1. 

   The car is NOT yours. Are you making payments on it? Just because your friend quit making the payments doesn’t mean that he isn’t the legal owner. It probably wasn’t picked up because your friend had the car hidden and the repossession people couldn’t find it. Some morning you may wake up to find it gone!

   The right thing to have done would have been for your friend to have turned it in. Or to have signed it over to you and then you would have picked up the payments for it. As it stands now . . . I don’t know. As long as the title and registration are in his and the bank’s name you don’t have a leg to stand on legally and could probably be charged with grand theft auto.

   Also, who was driving the car and was this person charged for being responsible for that accident? You could get yourself into a lot of trouble.

   Comment by LadyBug — July 30, 2011 @ 4:14 pm

2. 

   The car has never been yours, it belongs to the finance company. You’ve effectively been driving around in a stolen car, and now you’ve wrecked it. Your move, I think . . .

   Comment by Bardic — July 30, 2011 @ 4:14 pm

3. 

   How come you didn’t make the payments?Isn’t that like steeling? It is your car now and you knew when you got the car it wasn’t paid for.You still have to pay for it regardless.

   Comment by pegz64 — July 30, 2011 @ 4:14 pm

4. 

   its true you would need to know which company financed anjavascript:void(0);
   Check Spellingd then see if they have been paid by the insurance company. If they have then all you would need to do do is change the V5 document to your name and the cars yours.

   Comment by jam — July 30, 2011 @ 4:14 pm

5. 

   Your friend still owes money on the car. You don’t own it so you cannot do anything with it legally. Now that it is wrecked, your friend will owe more money since the finance company will eventually sell it for whatever they can get and he pays the difference. Basically, you could be charged with possession of stolen property.

   Comment by sensible_man — July 30, 2011 @ 4:14 pm

6. 

   Find out the name of the bank that repossessed it and talk to them. They are the owner of the vehicle and if you offer them a small amount of money, they may release the car to you. If an insurance company paid the bank since the car was wrecked, they may hold the title, but the bank could tell you this. The thing is, whoever holds the title should be responsible for disposing of the car, so even if you don’t want to fix it, you should try to find out who owns it just so you don’t have to go to the trouble and possible cost of disposal.

   Comment by hopespringseternal — July 30, 2011 @ 4:14 pm

RSS feed for comments on this post. TrackBack URL

Leave a comment

Name (required)

Mail (will not be published) (required)

Website