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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.
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.
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.
Can shop put lien on car if im still payin on it?
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
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.
Purchasing a vehicle privatley with a lien?
If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien
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.
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.
If a vehicle has a previous lien against it and you purchase it from a dealer do you have anything to worry about with the lien?
The lien is still valid, even though you purchased the vehicle through a dealership. The lienholder's name should be on the vehicle title, though. If you were not notified of the lien before buying the vehicle, see the dealership and ask for "rescission of contract"--this means the dealership will take back the vehicle and refund your money. If the dealership is unwilling or unable to do so, contact you state's attorney general.
What does a lien on a car mean?
A lien on any automobile means the owner has either takens a loan out to pay on the vehicle or to pay something else but uses the vehilce as collateral or a 3rd party company has placed a lien againt the vehicle to collect unpaid money.
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
