My car has been stolen. I am in England ...

Asked by the Customer on 20-10-2014 16:13:46
Question posted in the General Law category relating to Western Cape

My car has been stolen. I am in England and will report it soon. The problem is my friend took over the reponsiblity of paying the car and its insurance one year ago. I still owe MFC 90 000 rands on the car. We have a contract which i drew up, he signed it.....it says he is reponsible for the payments untill the car is paid of completely and he is responsible for the insurance every month. He stop paying for the car insurance and car and now I want the car back as stated in our contract, he says the car is stolen now and could not report it two months when it was taken. I know the bank will say iam reliable for the car costs.... But what will happen now, what should i do....? Report the car stolen by the police, yes..... my sister will be power of attorney because she is in south africa and iam not..... will i have to sue my friend for the charges in court....what will MFC do to me?

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