Can I Sell a Car That I Have Been Storing for a Friend
My question involves collection proceedings in the State of: California
My friend agreed to pay me 40 a day to store his car in my yard. It's now been over 4 months and I still have his car. He has promised to give me money and so far nothing. The total is real high now and it still needs repairs so he can drive it. I'm thinking of just selling his car to be done with whole mess but I have nothing in writing. It's all verbal agreements because I trusted him. What can I do at this point now ?
Re: Can I Sell a Car That I Have Been Storing for a Friend
Call and have it towed or move it into the street where it will be towed.
Re: Can I Sell a Car That I Have Been Storing for a Friend
I would rather recoup some of the storage fee money by selling the car. But not so sure how or if I can ?
Re: Can I Sell a Car That I Have Been Storing for a Friend
You are not a licensed storage facility. You would need to comply with the CA UCC process.
Quote:
6303. Except as provided in Sections 5905, 5907 and 5908, the
method provided in this chapter for perfecting a security interest on
a vehicle registered under this code is exclusive, but the effect of
such perfection, and the creation, attachment, priority and validity
of such security interest shall be governed by the Uniform
Commercial Code.
Quote:
5911. Whenever application is made to the department for a transfer
of registration of a vehicle to a new owner or legal owner and the
applicant is unable to present the certificate of ownership issued
for the vehicle by reason of the same being lost or otherwise not
available, the department may receive the application and examine
into the circumstances of the case and may require the filing of
certifications or other information, and when the department is
satisfied that the applicant is entitled to a transfer of
registration the department may transfer the registration of the
vehicle, or reregister the vehicle under a new registration number,
and issue a new certificate of ownership and registration card to the
person or persons found to be entitled thereto. The department,
however, shall not issue a new certificate of ownership and
registration card to the applicant if the department has received
notice by registered or certified mail in which it is indicated that
the existing ownership certificate is being held for nonpayment of
the vehicle. The notice may be forwarded by the registered owner,
recorded lienholder, or by a person exempted from recording ownership
by Section 5906.
Re: Can I Sell a Car That I Have Been Storing for a Friend
You need to follow the law to dispose of the car. Otherwise you could be prosecuted.
If you lose money on the deal you can sue your friend for the money.
Re: Can I Sell a Car That I Have Been Storing for a Friend
One way to address it is to make an arrangement to have the vehicle towed off of your property. The towing company can then proceed with a lien sale (including notification of the registered and legal owners) and they would deal with all the paperwork. You might not collect any money, but, you'd be rid of the vehicle.