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  1. #1
    Join Date
    Feb 2012
    Posts
    1

    Default Dad Has the Loan, but I Have Paid Over Half of the Car

    My question involves vehicle registration or title in the state of: Utah

    When I was 18, I ran into some credit problems. My car broke down so my dad took out the car loan. Since then, he holds the loan over my head all the time. Basically, if I do not do what he wants, he threatens to report the car stolen or force sell the car. A pretty bad dilemma.

    When we embarked on this arrangement, he verbally agreed the car was mine as long as I pay the payment, which I have. The loan has never gone 30 days past due.

    I paid the down payment, all of the maintenance, and every payment since the loan started (I have my cancelled checks for those). Unfortunately, I cannot qualify for an autoloan yet. It has been nearly four years...but credit is credit. If my dad were to try and force sell the car, could I contest it? Or, if the sale were to go through, would I have a strong case for recovering 67% of the current value of the car, since I have paid for 67% of the car?

    Thanks

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Dad Has the Loan, but I Have Paid Over Half of the Car

    The title of the car is in whose name?

  3. #3
    Join Date
    Feb 2010
    Location
    CT & IL
    Posts
    5,273

    Default Re: Dad Has the Loan, but I Have Paid Over Half of the Car

    Quote Quoting Mr. Knowitall
    View Post
    The title of the car is in whose name?
    And who uses it?

    Why 18 yr olds buy cars that put them into debt is baffling.

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