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Originally Posted by qwikz28
yup... legally you dont owe him money. what your doing is cause he's a friend.
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this is so true. however, that is usually with a bank or other loan institution and a repo company, so i don't know if the same laws would cover you in the situation you are in. if the car is still in your name, you have the right to go get it. just go to DMV and ask for a duplicate title to show ownership to the Boss or the cops, should they get involved. remember, CYA.
please learn from your lesson here and stop letting people buy on time payments. especially friends. this is the reason why you haven't shut him down before now, and it sounds like enough time has passed that you would have if he wasn't "a friend". btw, "friends" don't usually stiff each other - while there may be a whole lot of history that you haven't told us about, you should always take care of your friends first. i would have probably called the finance company (for the truck) and asked them if i could skip two payments if i was in a financial bind, in order to pay a friend first. you'd be surprised how lenient banks can be when you communicate with them.
most people, i am finding out, do not think like i do. that may be a good thing, come to think of it...