Sold car, now buyer wants refund
So, I bought this car six months ago but just acquired the title last week after I made final payment (this was a verbal agreement private sale). I decided to sell the car immediately for financial reasons. I sold the car but was not aware that the odometer was incorrect until the buyer called me up four days later and said that she ran a carfax report and the car actually had 200,000 more miles. I had previously ran a vehicle history report before I purchased the car six months ago and on that report, the odometer reading was the same as the report. So, I thought it was legit. Now, the buyer wants her money back. I cannot afford to give her the money back because I already used it... I had bills to pay. She tells me that the car is worth only half of what she paid, but I looked up the KBB and the book value is actually only $1000 less than what she paid me. I told her I want to work with her since I did not know about this and I feel it's morally right, but she's insisting that I take the car back and give her the money back. I cannot afford to take the car back as I have used the money. I am afraid that she will take me to court.
