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Look at the registration card. Just below the name of the title holder is "lienholder." If there is a name or company name there, then there is a lien on the car and the person will not have a pink slip. If the person has a pink slip, there is no lien on the car. There may be other reasons for a lien to be on a car, but the most common is that the car has been financed and the load has not yet been paid off.
What else can I help you with?
Can you register a financed car?
You can, should, and are legally required to register a financed car.
How long does a dealer have to let a person drive a car that hasn't been financed before the person has to return the car?
50000000000 years
Car broken and needs repairs and it is financed?
car is broken and needs major repairs but is still financed how do pay for the repairs
Average amount financed for new car?
What is the average amount financed in an auto loan
What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
How do you sell a personal financed car?
repossession
A financed car that's not drivable?
That's a statement, not a question. What are you asking about the car?
If your car is financed through a dealer do you have to have full coverage insurance?
I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.
Who owns the car after it s been charged off?
I assume your question refers to a car that was financed and was involved in an accident an it was a total lost. The insurance company pays the bank, the car belongs to the insurance company.
If a car is financed in Texas and repossessed in Kentucky can the lender garnish your wages in Kentucky?
If a garnishment has been ruled against you in a judgment it can be collected no matter where you are.
What is a financed car?
A "financed" car is one that is purchased with money that is loaned to you. You then make monthly payments at a certain rate and percentage for a certain number of years and months. The car is owned outright by the one who lent the money.
