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Vehicle Titles
Repossession
Liens

What happens when a vehicle is purchased outright from a private seller and the title has a third party lien and the vehicle gets repossessed?


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Wiki User
2004-07-04 14:00:07
2004-07-04 14:00:07

VICTIM buyer has to pay off the leinholder to get car. And/or sue con seller. Leinholder WILL get their money. GOOD LUCK...

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Saab is currently owned and operated by a private investor that purchased the brand from GM, who had owned the brand outright for several years, and in part since the early 1990's.

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Yes. If the person repossessing the car finds it then they can take it!

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The Wiki software can be purchased and placed on a private intranet.

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A car that is actually YOURS cannot be repossessed, as it's paid off. If you have a vehicle being repossessed, they're able to do this because it's actually the finance company which owns that vehicle and possesses their title. A recovery agent can, on behalf of the lienholder, go onto private property in order to recover the lienholder's property - with limitations. They cannot cross a locked gate, and they cannot enter a locked building.

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Dealers pay low(wholesale) prices at a public auction, private might be better. A lot depends on the car and the markey for it in your area.


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