If I sell someone a vehicle for payments.. what do I have to do as far as writing a contract?
815968
specify terms ( payment and schedule and penalties ) parties ( who pays and who receives ) property ( what and final disposition ) you also need to get the lien placed on the title ( can't repo without that - a judgment is useless ) get all the above notarized\n\nshould be samples on the web search ! try for state specific contracts ( in case your state is one of the ones with oddball little laws - like the few that specify that only licensed lenders can place liens on titles )
178251
1.  You will need a REAL ESTATE CONTRACT, suggest a Real Estate Agent might help for a few dollars to write one for you.\n\n2.  You need an AMORTIZATION TABLE, (creating a mortgage) which Excel can help with, look up downloads on MS Excel.\n\nThis can be attached to a "Promisory Note" or you could do it as a "land contract" or "bond for a deed."\n\n3.  You will need Notarized Signatures.  Banks and Lawyers have notaries.\n\n4.  You will need to record the Mortgage at the county Registry of Deeds, along with the promisory note.\n\nGiven how important these papers are, and how difficult things can be if the buyer skips payments, you should have a lawyer check it all over, or just pay to have it written in the first place.
222776
get the delivery...it should convey rights of ownership limited to debt obligations.....what about the loan encumbering the property?
213764
They can/will reposes the car, then sue you for the cost of the car and the reposession. But they cannot insure that the county aty will go after you, they can only make a reccomendation of action. But more likely they will go after you. If you dont' cooperate they will kick your butt finacially-Just cooperate and give them the car. It will be cheaper in the end and they may even give you a chance to get out of the contract.
500319
Your question is confusing because it's not clear who will own the vehicle.\n\nIf you will own the vehicle, and the call centre will pay rent to you for using it, then your big concern is insurance.  If you don't already have one, you or the call centre might need to pay for a commercial insurance policy.  You should find out what insurance is required in your area. You also need an agreement between you and the call centre for regular maintenance and repairs of the vehicle should it break down.\n\nIf you want to give the vehicle to the call centre, and then they pay your monthly rent, they may want a bill of sale, and a monthly payment schedule.  When those payments end must be written in the agreement.\n\nThe call centre may have more ideas, so it would be good to talk to them several times, be clear on all aspects, and negotiate the best deal before making an agreement.
832126
I think you have correctly identified a problem. \n\nUnder normal circumstances casual sales of property between individuals who reside in those provinces that have a retail sales tax (i.e., Ontario, Manitoba, Saskatchewan, BC and PEI) are not subject to PST. The reason for this is a practical one since it would be impossible to enforce the collection of tax on such sales. \n\nHowever,  motor vehicles are a different issue due to the need to register the ownership for licensing purposes.  In your case the first purchaser is technically liable for PST (not GST) on the initial purchase of the vehicle unless they are in the business of buying and selling vehicles and they have a registered identification number (RIN) that identifies them as a vehicle dealer. Assuming that this is not the case, there is a technical problem in that tax is owing on that sale. The government has no way of knowing this until such time as the second sale occurs and the transfer of ownership has to be declared and documented. From a practical point of view under the circumstances as described, it is the original owner of the vehicle that is going to have to sign the transfer of ownership to the second purchaser. The vehicle will be taxed based on its blue book value (which may be higher or lower than the actual transaction value) and the new owner will have to pay the tax in order to get new plates for the vehilce. The intervening owner could conceivably remain invisible to the tax authorities unless they ask for a bill of sale from the intervening owner that shows the second purchaser's purchase price. The descrepency between the party that signs the transfer of ownership for registration purposes and the person shown as the seller on the bill of sale could of course raise some questions. Whether or not the person at the vehicle registry office recognizes that this has sales tax implications is anyone's guess. You might get lucky since these people are not necessarily trained to look for or even consider such issues.
369085
you write to whom you want to pay. If you are not sure of the company name that you are going to write it to. Somtimes companys have one name but, they go by another. You can leave it blank but, if you are going to mail it then I would write a name on it.
1114492
Put an ad in the paper soliciting a donation of a vehicle to be used by the charity.  As long as it is going to be used by the charity the donor should get a fair market value deduction for the donation.
525768
If you are both on the title and the vehicle is being paid for he can't repo your car.  If the payments are behind on the car and he is a co-signer he can have the car sequestered from you.  More importantly, if you are behind on payments and the finance company is after it, you'd better give it up.  Its called a Writ of Sequestration, a constable comes and gets it and if you don't turn it over you get to go tell a judge why your not giving it up.
302465
When the finance company pays the dealer
707932
The link below has all the info you need. Go to it ang click on michigan. Its only 2 pages long and is very helpfull. I would always recomend Writeing a reciept and veryfying who you are selling it to(driver's licence #). This may be unnessisary , but I like to cover my a**. And if the buyer has a problem with it, I would not sell to him/her.
982785
Generally, if you are not a surviving joint owner of a vehicle there are two ways to transfer title of a vehicle previously owned solely by the deceased.  Both require official court documentation in order to transfer title. If the vehicle is subject to an abbreviated or standard probate proceeding, only the deceased's personal representative may assign the vehicle. If the vehicle is currently titled in another jurisdiction, you must provide equivalent documentation from that jurisdiction. You must present the following documents to transfer title:\n    * Assignment of ownership executed by the deceased's personal representative.\n    * An authenticated copy of the letters testamentary or administration issued to the representative by an appropriate court.\n    * An application for a new Certificate of Title. (Note: the application must be completed by the person assigned ownership.)\n\nIf the vehicle is subject to a small estate order and is a scheduled asset in the order, only the person in whose name the Probate Division of the Court vests title in the vehicle may assign the vehicle.  You must present the following documents to obtain a title for a vehicle:\n    * Assignment of ownership executed by the person in whose name the probate court vests title.\n    * An authenticated copy of the small estate order.\n    * An application for a new Certificate of Title. (Note: the application must be completed by the person assigned ownership.)\n\nWhen the only assets of a deceased's estate are one (1) or two (2) vehicles, the Register of Wills will administer those assets under the small estate proceedings.  An Attorney specializing in Probate and Estates can assist you.\n\nThe title to a car is a legal certificate of ownership that is produced by the Department of Motor Vehicles (DMV) in your State. It contains vital information such as the name and address of the current owner; the make, model, and year of the auto; any lienholders; and the date the vehicle was first sold.  When you sell a car, you sign the title over to the new owner. The new owner must then take the title to the DMV to register the car in his or her name. Then the DMV produces a new title and mails it to the new owner with their information on it.  If you acquired the vehicle because of the death of its owner, the DMV outlines the process to follow to obtain the title to the vehicle if you are not a surviving joint owner. To get a fresh title for a car you'll need to provide the following documents to the DMV: proof of a valid driver's license, proof of vehicle ownership, the value of the vehicle, its mileage, proof of insurance, and proof of inspection.
793515
Usually depending on the size of your business it is a good idea to let the company attorney do these contracts for you but you can do this yourself. Do the contract in simple terms that you can understand basically stating the services that you will provide for the cost that they will pay
700334
Basically you have to buy out your partner's share.  The partnership agreement probably spells out how this is to be done.\n\nIf you do not have a written partnership agreement, at least put the dissolution of the partnership in writing, in the form of a contract you both sign, and have it notarized.  Then it either [former] partners' heirs have a question about the assets of the partnership, you will have it all in writing.
1125629
You cannot knowingly sell an automobile that is defective.  You will be held financially responsible for the improvements necessary to correct the problems that were hidden from the buyer.
581054
email me, I work at a car dealership, and have done a bunch of these.  It can get complicated sometimes.
198283
I would think you would need a dealers license. Auctioneers sell things for others for a fee. You are talking about buying the cars first, then selling them for a profit. There's a big difference.