0
If you are buying a car on payments then there will be a lien on the car. the company will release the lien once the car is paid off.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What happens if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
How can you have the title but there is still a lien against the car?
Could be a mechanics lien.
Can bankruptcy lawyer have lien removed from car?
If the lien is a purchase money lien (granted to allow you to buy the car), then no. If it is a nonpurchase money lien (you granted a lien on the car to secure an unrelated debt), then yes.
how does a buy here pay here car dealership work?
Basically, instead of going through the process of getting a loan from a bank, the dealership holds the lien and lets you pay them directly against what you owe.
Can a dealership sell you a car with a lien on it?
The question should be. Should you ever buy a car with a lien on it. The answer is absolutely not, no, not if you are smart.
Can you trade your car if there is a tax lien against it?
yes
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com
Who has a lien on your car?
If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.
Can you buy a car even though you have a judgment lien against you?
I've been told you can't because it will come up on the credit check.
What if the car has lien on it and you want to buy it?
Lien must be satisfied somehow so title can be transferred.
Can a debt collector place a lien against your car?
yes
What happens if you do buy a car or motorcycle that has a lien against it and you want to register it and you got the car with a bill of sale?
you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.
