New Zealand Law
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If you want to repossess the car for non-payment you have to have a written agreement under the consumer finance legislation. You can only repossess where this is a consumer finance contract, and since this was a private arrangement with your friend, you do not have the right to repossess. If you retrieve the car, he could complain that it has been stolen. It does not matter if the car is registered in your name, because the registration is not a title registration, but just a record to enable the licensing. When you sold the car, the title to the car passed to your friend. So if you went and repossessed the car, there would be some risk that he would complain to the police. I doubt they would do much about this because they would say it was a civil problem and not a criminal problem. You can protect yourself by registering your loan on the Personal Securities Register and the website for registering your loan is here http://www.ppsr.govt.nz/cms
if you register your loan against the car he cannot sell it to anyone else until your loan is repaid. To recover the money you could also bring a claim in the disputes Tribunal and get an order for him to repay