Leave it on the street with the keys in it? (sorry Jersey joke). I'd discuss it with the lienholder first
The lien is registered in PA This is normal By the way it may be illegal for you to register this car anywhere knowing of the outstanding lien.
You cannot sell a car for salvage unless you have the title with you listed as the owner with no lean on the car. If there is a lien on the car you cannot sell it without having the lien removed.
A lien will be filed against it, it'll be sold at auction, and you'll still be responsible for paying any remaining balance due on the car.
I have a new car.
No, not legally. The law requires that they either have a pink slip (title) or a mechanics lien.
New as in "New Car" and Jersey as in "Football Jersey". (NEYW) (JER_SEE)!
does my car have a lien?
Forever. But what you can do is ask for a release of lien from the dealer. Once you get a release of lien from the dealer, you go threw the normal titled process in your state to obtain a lost title.
junk yard
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Yes. This happens all the time. If you have a car you're still making payments on (and which will therefore have a lien on it), and you want to buy a new car, as long as your credit is good and you can afford the new payments as well you shouldn't have a problem.
If the company holding a lien on a car ceases to exist, its assets are usually bought up or inherited by another company. A lien is an asset, so the lien continues to exist and you pay the money to the new owner. If the lien is held by one company but the car manufacturer ceases to exist, the lien stays the same.