0
Do you own your vehicle if the title is clear off lien holders?
Wiki User
∙ 12y ago
yes
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How can you ensure a valid sale of a vehicle if you cannot pay off the existing lien?
A vehicle cannot be sold without a clear title. A clear title can only be obtained when all lien holders have been paid or have agreed to sign off on the lien.
Is it possible to have a lien on your vehicle even if you already have the title?
Yes. The title you received when you purchased the vehicle should show the lien holder. Even when you buy a vehicle on credit, you will receive a title. It is a lien title. You will not receive the full or clear title until the vehicle loan is paid off.
Is it possible to have a lien put on your vehicle even if you have a clear title?
yes
Can there be 2 lien holders on a vehicle title?
Where I live the title can have Lien filed on it by anyone who has worked on or supplied parts for a vehicle. Also liens can be filed by any bank or lending institution who can get you to sign a form using the vehicle a s collateral.
How can you find the lien holder information if you lost your title?
Contact the DMV for a replacement title. When you do this, they should also be able to give you the name of all lien holders on the vehicle. This is the easiest way.
What does no lien on truck title means?
It would mean EXACTLY what it says; there is "NO LIEN", the named owner on the title owns the vehicle free and clear and can do with it as he or she pleases.
What does have a solid title on a vehicle mean?
A clear title without a lien or if it has had a lien on it, either a release on the title if there is a place for it or a lien release from the bank or person named in the lien. It should be in your name, meaning you are the person on the front of the title and the back should be clear until you transfer it to the person you are selling it to or whatever the business is you are doing with it.
I ve a clear title to my vehicle with no liens can the dealer legally repo this car?
If you are making a payment, whoever you are making the payment to holds a lien on the vehicle, unless the vehicle was purchased on an unsecure note (not likely). Some states will issue you a title even though there is a lien holder on the title, some require that the lien holder holds the title until the not is paid in full. Look at the title, itf the lien holder section is filled out, that is who holds the lien, they can have the car repoed. there is no lien holder on the title it is clear the car lot is in the sellers area
Can a creditor with a judgment lien a clear vehicle title for a car with more than one owner on the title?
Yup!
What does it mean to title your car?
A title is a document that proves ownership of the vehicle. A vehicle cannot be legally registered and licensed. When you purchase a vehicle you receive the title from the seller. You take the title to the DMV, fill out the paperwork and you will receive a new title in your name and the name of any lien holders.
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.
What is a clear title for a car?
i believe a clear title is where no one has a lien on it.like if you get a loan from the bank to buy a new vehicle they own the title until you pay it off then it's yours free and clear.
