Monday, August 23, 2010

I need help on legal advice on two cars we now have can someone please help?

Ok heres the deal my boyfriend brother had a car that he didnt want anymore so, he asked if we would take over the payments. The car is still in his brothers name and we had it over a year now. Recently his brother got a divorce with his wife. When this happen she had a drango so he asked us to take over the payments. We probably had the drango for five months now, this is in his brothers name too. So heres my question he just lost his truck cause he couldnt afford the payment now he wants one of the vechles back do we legally have too. I really need some legal information on this.I need help on legal advice on two cars we now have can someone please help?
Legally the car is his. He owes you what you paid for the vehicle after you subtract the devaluation amount of one year. It probably devalued at a rate of $400 per month. Just consider it a lease and give it back based upon money paid versus devaluation. Next time take out a loan and title it in your own name. I need help on legal advice on two cars we now have can someone please help?
I'm not a lawyer, or a judge, ok? But this one is easy, you don't own the car. Do you have a sales contract with him that states you own the car as long as you are making the payments? Do you have the title to the car with him as lienholder? If the answer is no to both questions, you don't have any legal binding argument to keep the car. Consider the payments you made to be ';rental'; payments as you used it during the time period you were paying on it. It's still his car.
If the vehicle is registered in his name, and if you have nothing in writing, you have to give it up. Just look at the payments you made as rent on the vehicle while you were using it.


Don't enter into such an informal deal in the future. You voided the insurance coverage on the vehicle, if there was any. Have an accident and you are not covered.
You do not own the vehicles. The Brother does. You could take him to court for the money you paid on them. Family financial dealings should always be in writing since they are always the first ones to try and rip you off.
Go to small claims court no lawyers needed the judge will listen and make a decision.

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