If I sale a used car, owner financed, and the buyer writes a lower price on the title and registers the car with the DMV - am I liable? The car was sold over a year ago, as is, in good condition. Recently, some mechanical issues occured and the buyer is now telling me I need to refund him money back because I unfairly collected more money than the amount listed on DMV title. I am pretty sure I have a Bill of sale or some documentation that states purchase price and payment terms. Just have to find it. Up till now buyer has been making payments accordingly to the terms originally agreed upon.
Answer
No, this buyer would have no legal authority to alter the
terms of the sale on his own without your agreement irrespective
of what he may have scribbled on the car's title and filed with the DMV. Nevertheless, in view of his possible default, you would seem well advised to scurry up a valid copy of the original bill of sale which supports your version of this transaction.
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