Installment Contract Agreement With Vehicle Owner In Massachusetts
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Saying something as simple as “you may not take the car” generally suffices under laws for vehicle repos as an “unequivocal protest” and will require the repo man to stop the repo process. If he does't, he's likely breached the peace during the repossession.
Lenders must follow these steps before repossessing a car: Send a notice titled “Rights of Defaulting Buyer under the Massachusetts Motor Vehicle Installment Sales Act” after 10 or more days of a missed payment. The notice must provide a person at least 21 days to catch up on payments.
To cancel the contract, you must notify the seller in writing no later than midnight of the third business day after you signed the contract. The seller must return your payment within ten business days after receipt of your cancellation notice.
The notice has to have exactly this title: “Rights of Defaulting Buyer under the Massachusetts Motor Vehicle Installment Sales Act” The notice has to give you 21 days from the mailing to catch up on your payments to avoid repossession. This is called the “default cure” period. The due date must be on the notice.
The repossession agent can't use force or threats when repossessing the vehicle. The person sent to get the vehicle is not allowed to go onto your owned or rented property unless you allow it. But, if your car is parked on the street next to your property, the person doesn't need to have your consent.
Contact the Dealership: Reach out to the dealership as soon as possible. Explain your situation and express your desire to cancel the deal. If you haven't taken delivery of the vehicle, they may be more willing to accommodate your request.
There is no way to legally avoid paying sales tax on used cars in Massachusetts or in any other state—unless you meet an exemption.
Intercept is an automated process that matches eligible payments to delinquent debt for individuals and organizations that function both as vendors for and customers of the Commonwealth of Massachusetts.