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How do i sell my car to a friend of mine who wants to make payments to me

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Don't do it. If he wants the car, he needs to come up with the money. If nobody will lend him it - do you really want to lend money to someone nobody else will?

It's hard enough staying friends when you transfer ownership of a vehicle between you - there's always something wrong you don't know about.

I reckon you'll find yourself re-negotiating the price down at least once, if he even keeps up payments.

If you, despite all the above, decide to go ahead, do NOT give him the ownership documents or transfer ownership until you're happy.

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It is important to re-evaluate the reasons you have for selling the car. You could sell the car at a fair price in order to help your friend out. Ensure that all the legal documentations of the car are in order. Make suitable arrangements for payment. You can opt for an installment plan or a complete payment.

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Is selling a car worth your friendship? Most situations involving money, loans, and friends do NOT end well......
Be prepared to lose either a friend or your money..... Sorry :0(

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Create your own form of a physical contract where you state the down payment and monthly fees, both of you sign it. Tell him to use a money order and to write what the payment is for and he can keep the receipt of each money order and you get the actual money order.

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Then get ready for small claims court. This is where your headed.
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