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If you accept a vehicle title that has a lien placed on it
you become responsible for settling that lien
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∙ 15y ago
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How can a trade a vehicle if it has a lien?
The amount left on the lien will be carried over to the vehicle you are purchasing. If that figure comes to more that the total value of the vehicle you are trying to purchase, you'll never get financing.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
How can I sell a vehicle in Texas that has a mechanic's lien?
Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.
How do you find out who has a lien on your vehicle?
Go to the DMV (Department of Motor Vehicles) and have them run a lien check on the vehicle. WHAT DO YOU MEAN; BANK LIEN OR MECHANICS LIEN? autolienservice.com
Can i Put a lien on a vehicle to get my name on the title?
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
Does a mechanic's lien include a car?
In most states the person who repairs a vehicle has an artisan's lien. An artisan's lien is a possessory lien meaning that a) no recording of any document is required to obtain the lien, however b) the lien is only good while it is in your possession. If you return the vehicle to the owner you have lost your lien. If the owner takes the vehicle without your consent, your lien is not defeated, however, in most states the act of taking the vehicle from you will be considered theft by the vehicle owner.
What if a vehicle is bought that has a lien on it from first owner but been through a number of other owners can that vehicle be repossed in Ontario?
Now that Ontario has the used car package, you should be aware if any outstanding liens are on this vehicle. However if you purchased the vehicle with a lien still on it you are liable for that lien and the vehicle can be repo'd. If the vehicle was bought through a dealer then they are liable for the lien. Also check the lien to see if it has expired, as this is a case that happens alot. The lien expires but still shows up on the lien search or the original lien has been paid but the lien holder never released it.
If you live in the state of Georgia and there is a lien against your vehicle but no money is owed can they repossess the vehicle?
A lien means that money is owed on your vehicle. If there is no more money owed, then there is no longer a lien, and the vehicle cannot be repossessed.
Is there a lien on this 2004 Honda vehicle Identification number JH2PEO5334M204218?
If there is a lien on the vehicle it will be listed on the title.
