Car Buying
Used Car Buying
Liens

What do you do if you buy a car and it has a lien on it?

323334

Top Answer
User Avatar
Wiki User
2011-02-02 00:51:30
2011-02-02 00:51:30
AnswerPay off the lien holder and they wil sign a relase, putting the vehicle in the free and clear. It depends on the type of lien. Lender's lien or mechanics lien.autolienservice.com
1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

If you are buying a car on payments then there will be a lien on the car. the company will release the lien once the car is paid off.

User Avatar

If the lien is a purchase money lien (granted to allow you to buy the car), then no. If it is a nonpurchase money lien (you granted a lien on the car to secure an unrelated debt), then yes.

User Avatar

The question should be. Should you ever buy a car with a lien on it. The answer is absolutely not, no, not if you are smart.

User Avatar

NO! BANK LIEN-PAY IT OFF. MECHANICS LIEN-PAY IT OFF. autolienservice.com

User Avatar

If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.

User Avatar

Lien must be satisfied somehow so title can be transferred.

User Avatar

does my car have a lien?

User Avatar

Yes but make sure YOU pay the lien off and don't just pay the seller and hope they will pay it off.

User Avatar

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.

User Avatar

is there a lien on this car

User Avatar

Yes. This happens all the time. If you have a car you're still making payments on (and which will therefore have a lien on it), and you want to buy a new car, as long as your credit is good and you can afford the new payments as well you shouldn't have a problem.

User Avatar

A lien means that someone can seize your property if you do not pay them what you agreed to pay. When banks lend money to buy cars, for instance, they get a "lien" on the car so that the owner cannot sell the car without paying them back.

User Avatar

Contact the lender who had the lien on the car and ask them for a lien release.

User Avatar

You cannot file a lien on your own car to prevent another from filing a lien on your car. If you owe someone money they may be able to put a lien on your car so that they are paid in full.

User Avatar

what is a lien fee when your car is inpound

User Avatar

Pay off the loan and then request a lien release from the lender who held the lien on the car.

User Avatar

Contact the entity that loaned you the money to buy the car, be it a bank, loan company, etc. If the selling dealer personally loaned you the money then you need to speak to your local DMV and see what you need to do if you cannot contact the seller.

User Avatar

Answer lien on car?i let someone borrow 1100.00. he doesn't own a home. and he has a cr with a loan on it. can i put a lien on the car??

User Avatar

Never, ever buy a car with an outstanding loan. In fact you cannot transfer the title with a lien on it. Walk away from this deal. It is nothing but trouble.

User Avatar

You don't. The only one who can fill out a lien relese is the lien holder. As the owner of the car you are not the lien holder. Take the title to whomever holds the lien and they will release it.

User Avatar

you will have to find out who has a lein on it have them fill out a fourm of lein satisfy. In most states a lien holder is recorded on the title and the lien holder will keep the title until the lien is paid off. After the lien holder is paid off, they will sign the title to release the lien and give/send the title to the owner. The title office can tell you who has a lien on the title.

User Avatar

It is illegal to sell a car with a lien on it. If it has a lien you will not be able to register the car in your name. The loan must be paid off and the lien released before you can actually own the car. You may have just got scammed.

User Avatar

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.

User Avatar

Yes. They repo and sell it for next to nothing. They sue in court and get a jugement that they use to put a lien on your house. Next time buy a cheap car just to get you there and back.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.