Open Question: Selling a Used Car in Indiana Laws?
My mother in law is selling a 1952 Olds 88 (I think) to an individual. Two months ago, after inspecting the car, he verbally agreed to buy the car and gave her a down payment of half the asking price. She has called him repeatedly to make arrangements to collect the rest of the money and for him to take possession of the car. This week he showed up at her house with some friends, looked under the hood, tried to start the car (it didn’t, but it has not started any of the times he’s tried), and then decided that he didn’t want the car any longer. Now he wants his money back. I am under the impression that since she does not have a written contract with him, that the sale is assumed to be “as is” and if he wants to back out of it, it will be at the loss of his down payment. He thinks he deserves all of his money back while she has held the car in good faith for him to purchase for almost 9 weeks now. I’ve googled and can’t find anything on laws regarding this for our state. (Lots on the Lemon law, but that’s it.) Any advice would be great-and links are even better! Thanks in advance.
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