I have a situation and am seeking advice. I bought a car for 840,000 from a guy,paid 600,000 in cash and the rest was to be settled in 4 equal monthly instalments after which the transfer was to take place. I defaulted all the four instalments due to bad business. now the guy is threatening to take the car. what is my legal status. pls advice

Dont panic bwana if the worst was to happen he can take the car,let him refund your 600k dont let debt control you- you should control it.

coming to legal matters,had you a sale agreement written or oral and what were the consequences of default. you need to work from there.

Gaza,on this one,i think you should advice yourself. The writing is on the wall unless you want to try something very funny. You are lucky to have defaulted all four and no action so far from the aggrieved party.

Life is too short.

in simple terms,you had rented the car for last 5 months..on 4k per day ..covers your cash deposit of 600k..wow... money matters !!!! let us all be careful.

giaku nikiria kii nda,icingi ni cia muingi!!!!

pole sana.@wedz i agree. Happened to me once. sold a car the lady paid a deposit of 500k she could not raise the balance of 150k within the agreed period.
No tears could squeeze a dime out of me for deposit refund coz the agreement was clear upon default 1. The car is repossesed. 2. Seller retains ALL the deposit.


BUT because here was a decent customer who had hit bad times,we agreed to resell the car,at my terms,. The car finally fetched 450k. I collected my 150k plus resale headache expenses of 50k. She was lucky to get the balance back. lakini kwa maana hasidi hana sababu,the fair lady sued later . After 3 years of court corridors,the case was thrown out with costs. It was payback time.

Any car from me now is cash and carry. Saves lots of headaches.Seen all the cars being sold by Leakays and other auctioneers? They are from chaps who are unable to meet the terms of 'asset financing'

If i were you,and the agreement is not clear,i would really sweet talk the seller. And while at it no need to 'hide' the car at some place in Kamulu bungalows. A demand note to produce the same will hit your pocket big time,not counting unaswerable questions from our flying friends a.k.a ' gwanini naangalia sisi gwa maco gavu gavu?,wewe ni jambasi? gwanini?

'ope u reach an amicable solution.

For i am the master and the captain of my fate !