My question involves an auto loan or repossession in the State of: Indiana
Hello, I privately sold a vehicle in late July, by taking a vehicle on trade, as a down payment. I wrote up a contract with the buyer, signed/dated by both of us, stating that the total amount owed after trade, ($800), would be paid by August 31st. Every 10 days after that day, a $25 late fee would be added to the total amount owed. The contract states that I am the lien holder, until the debt is satisfied, listing year/make/model/VIN of the vehicle, also listing both our names and addresses on it. I transferred the title to the the buyer, listing myself as the lien holder in the proper area on the back of the title. The buyer has not made any payment, of any kind, nor has he taken the title to the license branch to be transferred. The title is not in my possession because of this. In the contract, there are no provisions about repossessions, just an amount owed, and a date it is to be paid by. I have been in contact with the buyer via Facebook messaging, (buyer says phone is shut off), and have communicated back and forth several times. I've been promised several times that he is working on getting the money, and will have it soon, but still nothing. The car is currently (I assume, if it hasn't been titled, which he has told me it hasn't been titled) improperly plated/registered, and unknown as to whether or not its insured. I have since sold the traded in car. I have not mentioned anything to the buyer about repossession or bringing the car back. Do I have the right to call the county sheriff and report that I am repossessing the car, and go get it? Or if it is impounded because of the improper registration, can I retrieve it that way?
Forgive me if I left anything out, but I think that's pretty much it.