I Bought a Car I Don’t Own. – Prizica

“Dear Steve,

i bought a car from a person who obtained it through the Bank Loan, i paid him in full but got a call from the repo man that the owner is no longer paying the loan and that the car is going to be repossessed. We had agreed that he will make the full payment to the bank as soon as i paid him.

What do i do to stop the repossession because if it happens i have got a lot to lose


Dear Prizica,

Sorry to say, you didn’t buy the car. You might have paid someone money for the car but it sounds like they didn’t give you the title to the car without a lien on it. In that case all that happened was you gave someone a bunch of money.

If the lender was not paid off then the car does not belong to you. I would contact the seller as soon as possible and ask them if they have proof the car was paid off. With that proof you could stop the repossession. Without it, just be sure not to leave anything you don’t want to lose in the car, it’s not your and going back to the lender.

Another alternative was the seller handed you the car and said if you make the monthly payment to the seller they would in turn pay the bank. If that’s the case, you got scammed. Essentially you own nothing and don’t even have the title to the car. It’s not your car.

Your only option at this point would be to get a car loan, pay the lender for balance of the loan and obtain the title from the seller. Then it would be your car.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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