Atk1nson:


The good thing is he paid by instalment.

In the normal course of business, title is not transferred until full payment is made.

So even if you made a commitment to sell to him upon (full) payment, the fact that you rescinded the decision before he made full payment puts you in the green.

However, if he can prove he did borrow to make that purchase, you may owe him the interest on the loan as he took the loan because you gave him a legitimate expectation that the car could be his.

However, if he has made full payment, that becomes tricky as you are reneging on a verbal contract and should compensate him well for the inconvenience

yemmit90:
You made a mistake by sending him back exactly what he paid, you should've at least added something as interest for him.

The man feel cheated, he might even thought you spent his money to solve an issue but used car as a cover up. Don't use the police or take law into your hands if you want peaceful resolution, call some respected or good neighbours to help you beg him that you are ready to add something for him as interest. You may be surprise how easily the issue will be resolved. He may not even collect the interest again after seeing how genuinely sorry you are.

The only option you have now is to beg him.

Thanks so much. I never spent his money. I have apologized and pleaded with him. I was surprised that he went ahead to jack up my car.

TheWinterBird:
Submit what car keys and documents to him? He has a lot of audacity making such demands, not to mention hijacking the car after you've returned his money. Next time, you need to think things like this through before proceeding and you should also document every transaction and with signatures just so it wouldn't be a case of 'He said, she said'.




Does that mean you sold it to him for a cheap price? No wonder he doesn't want to let it go. He got a nice car and for a cheap price (because you just wanted to hurridly make money from it) - a deal he wouldn't have been able to get elsewhere. That was simply poor business on your part.

MarketDispatch:


Agreement is agreement...you kept his money and made it lose value in your account...give the man his Car since he didn't renege on the payment

Caaz:

Our friend has changed Monika

Missowombo:


Well, it may be something close to this. I spent 7million Naira for the purchase of that car and was to sell at only 3m. The car is neat, elegant, commands so much stare and respect wherever I drive to. I sparingly drove the vehicle as I was trying to conserve fuel.

chidekings:
the buyer is even going about it the wrong way.that car is his,even if op calls the police,the buyer will win.

lionphil:



you returned his money, ONE DAY AFTER HIS LAST INSTALMENT WAS PAID. Oga you no try ooo. Why did you wait till after he finished paying? You knew all along before he completed his payments, you should have infomred him then. You just dashed his hopes when he was sure he had a car. Hos only fsult is that he didnt have a written agreement else, you for pay money wella for this breach of contract.

ajog1:


1.Deals like this are initiated when a life is on the line. As in desperate moment. Haba, very kneel-jerky move on your part.
2. Deals like this ( whose consequence you can't bear )aren't done within familiar-confines-ground.

Missowombo:



Thanks Man. The total duration of all these is 5days, from the payment of the first installment to the refund of his money. The delay with refunding his money stemmed from his refusal to release his account number to me. I have had previous transactions with him not related to the current issue, so I got his account number from there and refunded.

Missowombo:


The total duration of this event, from payment of his first installment to the refund of his money is 5days

Missowombo:


Well, it may be something close to this. I spent 7million Naira for the purchase of that car and was to sell at only 3m. The car is neat, elegant, commands so much stare and respect wherever I drive to. I sparingly drove the vehicle as I was trying to conserve fuel.

Missowombo:
Dear Family landers. I am here to seek your advice on how to rescue my car from my neighbour.
​
I bought a car, direct from abroad, a very clean and sweet ride, and registered in September, 2023 (5months ago). However, due to the high fuel consumption( V6, 3.5l engine) and the ever unstable fuel price today, I decided to put it up for sale to get a smaller engine capacity. A neighbour expressed interest in buying the car and decided to pay in installment which I agreed. I was also searching for a replacement at this time hoping to use the money realized from the sales to get my preferred ride. My preferred ride prices were shockingly high such that even if I doubled the price I gave to my neighbour it will still not be enough to buy the new ride. Prices rise by the hour these days in Nigeria and I have no hand in this crisis. I returned to my neighbour to inform him that I will not be selling the car anymore due to the present crises in prices of goods in the country. I apologized profusely for every inconvenience and transferred his money back to him. He got angry and said that I must submit the car key and documents to him. He even threatened to send his community and area boys to beat me up and extract the above items.

I came back from work to see my car jacked up, surrounded by 2 other vehicles to prevent the car's exit. For the records, there is no written or signed agreement between him and I concerning this sale. I refunded all his money 1 day after he paid his last installment and kept back my car. I have no hand in Nigeria's current problems. I am pushed to use force here but I am thinking that some initial peaceful resolution could be an option
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Missowombo:


The total duration of this event, from payment of his first instalment to the refund of his money is 5days

GAZZUZZ:


You sold your car. Then you changed your mind because vehicle was in your possession. If it was in his possession, we would not hear this story.

A gentleman's agreement is really abused in this part of the world.

Missowombo:
Dear Family landers. I am here to seek your advice on how to rescue my car from my neighbour.
​
I bought a car, direct from abroad, a very clean and sweet ride, and registered in September, 2023 (5months ago). However, due to the high fuel consumption( V6, 3.5l engine) and the ever unstable fuel price today, I decided to put it up for sale to get a smaller engine capacity. A neighbour expressed interest in buying the car and decided to pay in installment which I agreed. I was also searching for a replacement at this time hoping to use the money realized from the sales to get my preferred ride. My preferred ride prices were shockingly high such that even if I doubled the price I gave to my neighbour it will still not be enough to buy the new ride. Prices rise by the hour these days in Nigeria and I have no hand in this crisis. I returned to my neighbour to inform him that I will not be selling the car anymore due to the present crises in prices of goods in the country. I apologized profusely for every inconvenience and transferred his money back to him. He got angry and said that I must submit the car key and documents to him. He even threatened to send his community and area boys to beat me up and extract the above items.

I came back from work to see my car jacked up, surrounded by 2 other vehicles to prevent the car's exit. For the records, there is no written or signed agreement between him and I concerning this sale. I refunded all his money 1 day after he paid his last installment and kept back my car. I have no hand in Nigeria's current problems. I am pushed to use force here but I am thinking that some initial peaceful resolution could be an option.

ExudeLoveToAll:
Transaction has been completed without you even knowing.

If I was your neighbor, I will proceed to a court and have an injunction restraining you or anyone from driving that car until the suite has been entertained by the court to determine the legitimate owner of that vehicle.

Mind you this suit can take five years to determine, no issue will drive that vehicle and the good thing is that he already has his money back as a guarantee meaning he has nothing to loose in making life difficult for you as a dishonest business man.

An oral agreement is admissible in court mind you and he has bank transactions to corroborate his oral evidence. People like you who think you can repudiate an agreement when the other party has fully complied with the terms of the agreement should be taught shown a precedence so that you don't do it to other people in the future.

In your mind you are smart, you don't even know the buyer has lost money because of future value of money. That you find yourself in this predicament has nothing to do with the buyer, business has been completed and there is nothing you can do about it. No court will give you custody of that vehicle of this matter gets to court.

The best for you is to seek peaceful settlement outside of the court process else you will loose everywhere.

Sucre6:
See finish no good, same reason I relate with my neighbors on superficial level and they gimme my respect 100%, my intimidating muscular stature alone would make anyone think twice before acting laidat to me, it wasn't written, and it's instalmental, I have refunded all the money to you, what else do you want, dem no born that basstard well. I will beat you up, personally, use area boys to make life miserable for you as in they will be chasing you anytime you coming back from work and going to work,

I no get time to report to police, but believe me, this matter too small for me to handle. Them no born am well.

Missowombo:

For the records, there is no written or signed agreement between him and I concerning this sale.

Sucre6:
See finish no good, same reason I relate with my neighbors on superficial level and they gimme my respect 100%, my intimidating muscular stature alone would make anyone think twice before acting laidat to me, it wasn't written, and it's instalmental, I have refunded all the money to you, what else do you want, dem no born that basstard well. I will beat you up, personally, use area boys to make life miserable for you as in they will be chasing you anytime you coming back from work and going to work,

I no get time to report to police, but believe me, this matter too small for me to handle. Them no born am well.

Sucre6:
See finish no good, same reason I relate with my neighbors on superficial level and they gimme my respect 100%, my intimidating muscular stature alone would make anyone think twice before acting laidat to me, it wasn't written, and it's instalmental, I have refunded all the money to you, what else do you want, dem no born that basstard well. I will beat you up, personally, use area boys to make life miserable for you as in they will be chasing you anytime you coming back from work and going to work,

I no get time to report to police, but believe me, this matter too small for me to handle. Them no born am well.

Missowombo:
Going by your gentleman agreement, there shouldn't have been an issue since it was an informal deal all along.

However, keeping his money even for 2 weeks before returning it back is a loss for him going by our galloping inflation.

You denied him good use of his funds and now returning it without interest.

By reneging on the deal, he comes off the greatest loser.


Thanks Man. The total duration of all these is 5days, from the payment of the first installment to the refund of his money. The delay with refunding his money stemmed from his refusal to release his account number to me. I have had previous transactions with him not related to the current issue, so I got his account number from there and refunded.

Atk1nson:


The good thing is he paid by instalment.

In the normal course of business, title is not transferred until full payment is made.

So even if you made a commitment to sell to him upon (full) payment, the fact that you rescinded the decision before he made full payment puts you in the green.

However, if he can prove he did borrow to make that purchase, you may owe him the interest on the loan as he took the loan because you gave him a legitimate expectation that the car could be his.

However, if he has made full payment, that becomes tricky as you are reneging on a verbal contract and should compensate him well for the inconvenience