A person can have several liens in their names and still have a car put in their names.... NOW, if we are talking a bad debt lien, it will depend on the lender. It is best to be up front with the finance person first--they would know if they have a lender who will over look the lien. As far as buying the car from an individual--it shouldn't matter.
Yes. You'll be required by the lienholder to get full coverage, typically.
Yes unless your insurance covers it.
I don't think you can legally. If your car is still being paid for the lien holder requires the collision insurance.
A vehicle can be titled without insurance, but must be insured before getting a tag or registration. Exception: If a car still has a lien from a financing company, the car may have to be insured to change owners.
Could be a mechanics lien.
Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.
The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.The lien will not go away. You still need to pay it off.
comprehensive coverage
comprehensive coverage
comprehensive coverage
NO, all insurance companies require you to carry insurance on a vehicle with a lien. What if it catches on fire or is stolen.
The person the lien is against is still obliged to make the payments. If they fail, a lawsuit can be filed.
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.