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How do you make a private sale of a vehicle with a lien in Georgia?
Wiki User
∙ 16y ago
You must contact the lender. They hold legal rights to the vehicle. Selling it without their approval will get you into some financial trouble. Call the lender.
Wiki User
∙ 16y ago
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What if someone sells a vehicle with a lien on it can the buyer have it taken away?
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
Can a lien on car you perchused full in cash but dealer has a lien on the car still be reposessed?
If you purchased the car in full with cash then there shouldn't be a lien. Look at your paperwork to make sure it says "Paid In Full" if it does the dealer has no right to repossess a paid in full vehicle. A lien is where you are making payments for a vehicle and the vehicle is being used a collateral until the vehicle is paid off.
Can you sell a vehicle with a lien on the title?
Legally No. How can you sell something you do not own. As long as there is a lien, you do not own the vehicle outright. Go see the lender and get a lien release, if you no longer have a loan on the vehicle. Remember the lender is part owner of the vehicle until you make that last payment. If you clear the lien buy using the proceeds from the sale, you can guarantee a title within 30 days (required by law) to the new buyer. The lien holder will then release the title.
Can a private party get a vehicle title as collateral on a private loan?
In short, yes. You just have to sign a legal agreement that the person that currently owns the car is willing to put up the title of the car as collateral for the private loan. Make sure the person who has the loan possesses the title and has filed a lien with the Department of Motor Vehicles. *Always consult an attorney for legal matters.
If you are on a vehicles lien is it required to be on the registration and insurance as well Tampa FL?
MORE DETAILS My wife and I are both on a loan for our vehicle but I have a 2nd vehicle I use and she uses the one under the lien Currently we both are on the registration and insurance To make insurance rate more affordable for us can I remove myself from the reg and ins even though I am on the lien.
Can your car be repossessed if you have the title in your possession and the bank is not the lien holder?
Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.
Can a car dealer take your car back?
If the dealer holds the lien and is the one that loaned you the money to purchase the vehicle he can repossess the vehicle if you fail to make your payments on time. Otherwise the selling dealer has no claim on the vehicle whatsoever.
In a private transaction in California can I without a repo service repo a used car from the buyer who didn't make payments?
Only if you put a lien on the title
If the loan for a vehicle is in one person's name and the tite in another's what are the rights of the person on the title if the vehicle is repossessed?
None, unless the person who is named on the title chooses to make an agreement with the lender to refinance the car in their name. A title which has a lien against it does not confer ownership to the title holder. The vehicle belongs to the lender/lien holder until the loan agreement is paid.
Can you request a check for damages from the insurance company of the driver who caused the accident and not get your car repaired after an auto accident?
It depends on if you have a lien placed on your vehicle (by you lender. If you own the car free and clear, you can take the insurance money and not repair the car, but if there is a lien on your vehicle more often than not the insurance company will make the check out to you and your bank.
What is a vehicle lienholders rights if someone wrecks a car without insurance?
The person the lien is against is still obliged to make the payments. If they fail, a lawsuit can be filed.
If someone has a car title that belongs to a person that someone paid for from a title loan place and the person didn't put his name on the lien spot so does the car still belong to him or you or who?
The car belongs to the person listed as the owner on the title. Listing someone as the lien holder does not make them the owner.You can't transfer a motor vehicle when you know there's a lien on it. The lien would be reflected on the title and a prudent buyer wouldn't take title that is encumbered by a lien.
