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If you make your monthly payments on time each and every month then no. A lien basically means whoever you owe money on the car to can take it should you fail pay off the loan by not making the payments. In exchange for borrowing thousands of dollars so you can own the car, your car is put up as collateral so the finance company can take it should you fail to make payments.
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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.
How do you put a lien on a vehicle?
how can i put a lien on a motor vehicle for a loan that was put out and no payment made yet on the personal loan
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.
How do you put a lien on an auto in the province of BC?
I need to know how to put a lien on a vehicle in the province of BC
Can a loan company put a lien on your car if its not paid off?
If the vehicle was put as collateral for the loan, there already is a lien on it.
Can I get the lien off of a vehicle that is no good and put it on another vehicle that is in my name?
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
Can you put a second lien on a vehicle in Indiana?
If I sold a vehicle and the bank did not give me the whole amount owed towards the vehicle or the person buying the vehicle did not pay the remainder of the money can I put a second lien on the vehicle I live in Indiana
Can a lien be put on a vehicle with joint owners?
Yes.
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.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
Is it possible to have a lien put on your vehicle even if you have a clear title?
yes
Can your mother put a lien on your vehicle?
If you owe her money and she can prove it, yes.
