Question posted in the General Law category relating to Western Cape
Around 3-4 months ago, I sold my Motorcycle to a 'reputable' dealer in Cape Town. This Motorcycle was/is still under Finance from Wesbank.
They drafted Deed of Sale, which specified what amount was due to me as well as the amount due to Wesbank (Settlement).
They paid the amount due to me but never settled Wesbank, by the looks of it, they have been paying the Installment amount every month to buy time. This is now the 3rd or 4th.
They are in possession of the Motorcycle and have been since the deed of sale was signed.
What legal action can be taken?
Information Requested by Lawyer
I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment, even if it is R150 or R200.
Did the deed of sale specifically say that they would pay the settlement amount to Wesbank? Why not to you, so that you could then settle Wesbank?
I assume that you haven't given them the registration papers yet. Because Wesbank should still have them.
Please remember this is a dialog if you have follow-up questions please make the required deposit, then use the REPLY button and ask your further question. I would like to continue assisting you, but I need to concentrate on people who make deposits for their questions - they get serviced first!