;You forget, he's indebted to YOU!  You helped him out and he's not keeping up his end of the deal.  You've got to think about your credit.  I work for a lending co-op as a loan assistant and I've seen this before.  You're screwed unless you take action NOW!
 
This can affect your credit and could follow you for years!  
Go get the car and sell it ASAP. 
Kim and Lucy
