Is there any actually legally binding way of taking payments from a buyer when selling a car? Like a way so that both the buyer and seller are covered?

 

yea, buyer gets loan from bank.............

 

if you mean you selling your car to someone and getting it in installments, just write up the agreement and both sign it and have it notarized.

 

Then, if they miss a payment, go get your sh*t!

 

I wasn't sure how legally binding that was.

 

As long as you have a lawyer look it over(or even write it up for you) and the other party involved agrees to the document with their signature and yours with a notary there it basically becomes a legally binding document. If you were serious about it Coleman I can ask a couple of the lawyers at my work how they'd go about doing it and what they'd recommend.

 

+1

 

Use as clear working as possible, have it notorized and have a clause that clearly states that ONE late payment is cause for reposession.

dont xfer the title no matter how much they promise to pay u or beg for it.

I had a friend that made 3 grand off his buick and when the guy missed 4 days on a payment(the second to last hahaha) we went out at like 4am with a spare key and took off with the car.

 

i wouldn't do it, or at least, they wouldn't get the car til its paid in full

 

John - You don't happen to live in Brandon do you? Every Thursday I see a blue Evo8 that looks exactly like yours(rims and all) at the Oakfield bowling alley.