Can I repo vehicle with no contract if I am lienholder?

[Imbatman]

Arizona: I bought one of my independent contractors a vehicle, with the understanding that he would make payments to me. We have no contract. He is the vehicle owner, while I am a lienholder. Can I repo the vehicle for non payment?

 

[latigo]

Arizona: I bought one of my independent contractors a vehicle, with the understanding that he would make payments to me. We have no contract. He is the vehicle owner, while I am a lienholder. Can I repo the vehicle for non payment?

A lienholder? What leads you to make that statement?

Sounds to me that all you have is an unsecured claim for the purchase price. (Not only unsecured, but undocumented.) And that would not entitle you to repossess the vehicle. It would be an act of larceny.

 

[adjusterjack]

I am a lienholder.

No, you aren't.

Can I repo the vehicle for non payment?

No.

 

[Zigner]

A lienholder? What leads you to make that statement?

Probably his name on the title as the lienholder.

 

[Zigner]

No, you aren't.

Based on the OP, what makes you believe that the OP isn't listed as the lienholder on the vehicle title?

 

[Imbatman]

Yes I am

A lienholder? What leads you to make that statement?

Sounds to me that all you have is an unsecured claim for the purchase price. (Not only unsecured, but undocumented.) And that would not entitle you to repossess the vehicle. It would be an act of larceny.

My name is on the title as a lienholder.

 

[Imbatman]

Yes I am

No, you aren't.



No.

I am a lienholder on the title. My name is there, I assure you.