We agreed to sell a 1 year old car to a friend who was going thorugh a divorce. We created a very basic contract with three basic requirements. We included the sale amount, duration of the loan, payment date, insurance requirements etc...
To date the car payments have never been on time. The insurance requirements we stated in the contract are not being met, and the buyer has received 3 photo radar tickets (with her picture driving the vehicle) in her state that have been sent to me because she failed to register the car for almost 4 months.
The car is at risk for being impounded due to her failure to pay her tickets, and we are at risk for a huge loss if the car is stolen, totalled etc...
What are our recourse actions?
The contract was signed in California. The car was picked up in California. The car and the buyer are in Arizona.
The buyer has since moved from the address we have for her and the car, and she fails to provide us with a valid residential address and only a PO BOX.