Q: My friend sold me a car $4,500 I gave him 3,000 and he still own the car lot 1500 before I could pay the 1500 I hit a co
Insurance paid 13000 my friend thinks i am owed only 3000 is that right do I owe him the 1500 remaing balance and then the rest of the money is mine
A:
it sounds like he is taking the position that the sale was NOT completed yet and you just paid a down payment.
if there was no transfer of title and you just got possession "because you were a friend" I would think getting the $3k back is realistic.......so that you are not out any money.
are you suggesting you should get the insurance money? did you ever pay for the insurance?
if you didn't pay for the insurance, I would think it only fair that he gets the money when the car is damaged. Used cars are at a premium now and that is probably why the ins co paid so much.
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