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A clear title basically means that there is no outstanding payments to be made on the car. It also means that the car hasn't ever been reported as being excessively damaged or stolen. There are ways of getting around this, so before you buy a car, always get a carfax report. www.carfax.com
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What is an open title on a used car?
An open title on a used car is when someone skips an assignment on the back of the title. This can create many problems. You want to make sure that the car you are buying has a clear title. A Clear Title means there are no issues with the title.
Can a car have a clear title with a lien on it as well.?
No! "clear" means clear! No liens!
What do you need to do to get a loan against your car?
A clear title for that car.
You paid your car loan off can you sell it while waiting on the title?
No, you cannot sell a car without a clear, lien free, title. Wait for the clear title or you are asking for problems.
What can you do if you have a clear title and your car gets repossessed?
If you have a clear title, you car can't be repossessed. Either the title isn't clear or the leinholder believes monies are still owed on the car. If the title is clear, show it to the company authorizing the repossession. If you truly had clear title and there were no leins or other encumberances and a judge didn't declare that the car was to be sold to satisfy OTHER debts, you can sue for damages. If you didn't owe money to the people who had the car repossessed, you should be able to sue them for LOTSA BUCKS, and you definitely should.
How does a salvaged title compare to a clear title?
a salvaged title on the car basically means the insurance company calimed the car as a total lost. either due to a major accident or theft. clear title means the opposite, the car has no problems on its history.
Can a lien holder repossess your car if you have a clear title?
sure can if they have a title too
What to do when you sell a car with the title being in pawn?
If you sell a car with a lien on it, which is a title pawn. You must pay the lien off before the car is clear and you can get the title back.
Can you take out a loan if you own the car and have the free and clear title and want to use the car as your collatoral?
You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.
Is it illegal to sell a car that you don't have a clear title to?
yes
How do you get a clear title on a salvage title?
This depends on your state. Most states, that will clear the title, require you to pass a thorough inspection of the car by a state official; or an assigned agent.
Can a car with an Illinois Rebuilt title ever become a clear title?
Only if you can un-rebuild the car. Once a car is rebuilt, it is rebuilt forever.
