What would you like to do?
IF the car is not in a secure storage area, YES. They cant breach the peace(cut locks,ect)
Can you now put a lien on the title for nonpayment and repossess the car if you have the bill of sale and promissory note signed by the buyer?
I can answer the question I asked. The answer is NO. For the State of Arkansas I was told by the Dept of Finance that I should have done it when I sold the car. My tough luck,… my being nice to the buyer. The buyer is a leach on society. Even though you didn't place a lien on the title when you sold it, you should be able to sue and get a judgment for the unpaid amount of the note. With the judgment you can attach the buyer's property, including the car.
Answer It should be on the title.
If a Credit union member sell car with lien to family member with a power of attorney and bill of sale can the family member remove car from state?
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.
Bought a car with a bill of sale for parts only and was not going to register it now plan on registering it for the road what if there is a lien against the car from a financial institution?
The financial institution owns that vehicle until they are paid in full for it. You can call them and tell them the situation and see if there is something you can do to… make it right, but they may reposess it.
You bought a vehicle with out a title you had a bill of sales how do you find out who has the lien on your car title?
Contact your DMV OFFICE.
YES if you don't pay any lien holder,they can repo it until you meet their requirements
The lender who loaned you the money to purchase the car and to whom you make the payments.
In that case there would be no one with the right of repossession.
where payment cannot made directly to the supplier cheque are deposite in special bank account known as no line account
No. And not a good idea even if it was. Yes, you can. If you are buying from a dealership (new or pre-owned) and they have taken the vehicle in as a trade-in then don't pay it… off and you purchase it....someone is not going to be happy. Or, if you purchase from an individual who still owes a balance to the lienholder and never pays balance owed, again,.... someone is not going to be happy. As a previous employer of a pre-owned dealership, this does happen...BE SURE, you have the vehicle transferred to you with the seller's name and signature legible. Do a title search!! Why would anyone purchase a vehicle or take over notes and not have the vehicle registered in his or her name? DEFINETLY, not a smart thing to do.
Offer to pay the loan in full. However, if it has reached the point of the sale you have probably waited too long.
In Car Selling
I bought a car at copart and they didnt give me the bill of sale . where can i get the bill of sale?
Contact Copart, the location you bought it from, and tell them you need the bill of sale or title.
A lien holder on a car title or car loan just means that person is the full owner of the car. If your car gets totalled or goes into default, the lien holder can retrieve the …car from you because they have full ownership of the car. Lien Holders are used for lending purposes. This means the lien holder has no liability responsibility. The registered person on the car is required to have liability coverage on the car according to law and not hold the lien holder liability on the car if the car gets damaged or totaled. Lien Holder means they fully own the vehicle until the loan is paid off.