Agree with most of the above. He test drive it and made an offer.
You signed the title over, he gave you cash. It’s his now
(Topic ID: 225096)
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Law is definitely on your side... wealthy or not, you signed the title over to him and he gave you cash. Sale is done.
As for the plates, that’s a concern. If I were you I’d have a discussion with your insurance and the state police right away. And tell that guy that he’s on clock for returning the plates as agreed upon.
If he files small claims, you’ll be fine. He can be unsatisfied with his purchase, but he bought the vehicle from a private seller with no implied warranty. It’s the buyer’s job to do due diligence. He could have taken the truck to a mechanic prior to agreeing to purchase.
Quoted from Don44:Thanks for the input guys. I emailed him and told him I would not be buying the truck back and to please stop contacting me and please send me those plates. He emailed me back and said it will cost $5000 to fix the backup lights and the leaky window but didn't say anything about the brakes. He said he will meet me in the middle for $2500 on the repairs and he will keep the truck. I feel bad that he is not satisfied with the transaction but the that fact that he did not overnight the plates to me like he said he would shows he is not a man of his word. He says I lied to him about any leaks in the truck but if there is a leak, I did not know about it and it is minor. Its not like it has mildew or a bad smell. I do regret selling him the truck and I would have taken it back the next day as long as he brought it back to me and took care of the title but in the meantime, I spent all the money on something else. I have sold many pinball machines and a few vehicles in the past and never had a problem. Oh well, I didn't need more stress.
The leak may not have been there 2 days ago... it has to start some time. Part of ownership.
Tell him: you purchased the car and had every opportunity to give it a thorough inspection. You have no idea what he’s done with the truck, or how he’s treated it. You were honest about it’s condition. Please return the plates or you are reporting it to the police by tomorrow at 12pm.
Quoted from elcolonel:3 second search brings this up...Requirement number 1 for seller:
Selling a Vehicle in New Jersey
The seller and the buyer will have different responsibilities in the sale of a vehicle.
As the seller, you must:
Remove the vehicle's license plates and surrender them to any NJ Motor Vehicle Commission (MVC) office or regional service center, provided the plates are not being transferred to another vehicle.
Sign the back of the title, and include the following information:
Name and address of the buyer.
Date of sale.
Mileage odometer reading.
If there is no room on the title or there is a discrepancy in the reading you must also fill out and sign a Odometer Disclosure Statement (Form OS/SS-2).
Sale price of the vehicle.
Transfer the title within 10 business days from the actual date of the sale.
I have to agree - you need to explain to the cops/DMV exactly what’s happened and what’s happening the plates. At this point, the plates are stolen, but you know exactly where they are.
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