0
Can a lien be put on your car if own the title but still owe money?
Wiki User
∙ 13y ago
Yes, but only by a court order.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does it mean if there's a lien on a car title?
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.
How can you have the title but there is still a lien against the car?
Could be a mechanics lien.
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
You just received a car that has a lien on the my title; what does that mean?
It means that someone has borrowed money from a Bank or lending company and used the car as colatoral. Be carefull, if you purchased this car, and that lien is still against it, the lending company can come after you for the money or take the car from you.
What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
What is an auto lienholder?
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
Car not paid for but i have car title?
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
In the state of Colorado can an auto repair shop gain title to a car if owed money for repairs?
they can put a lien on your title,its called a mechanics lien
When finacing a car should the title be in your name with the lien holders name?
There is a separate place on the title for the lien holder information. Unless you have borrowed the money from an individual.
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
How do you find out if their is a lien against your vehicle?
Contact your DMV. They have record of this. If you took out a loan on the car when you bought it, the dealer or the bank documented that they were the lien holder. When you finally pay off your car, the bank will mail you the title. If you have the title, but still think you owe money on the car, contact DMV and find out if it's documented.
How do you sell a car if the money from a private party will be used to cover what you owe on the title?
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
