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What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
What is the limitation on a car with a lien on it before you can get the title?
If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.
What happens if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
Is the car title and title lien the same?
No, a car title and a title lien are not the same. The car title is a legal document that proves ownership of the vehicle, while a title lien indicates that a lender has a claim on the vehicle until the loan is paid off. Essentially, the title represents ownership, and the lien represents a financial obligation related to that ownership.
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 a dealer repo a car when theres a clear title on the car with no liensI have a clear title in my name?
No, if the car does not have a lien, then the dealer has no legal interest in it.I'm not sure why a dealer would even try to repo something they had no legal interest in.
Can you get a title to a car that has a lien on it?
Contact whoever has the lien and talk to them.
Can you put a lien on a Texas car bonded title?
Yes, you can put a lien on a bonded title.
What does it mean to buy a used car with a lien reported on the title in 2001 and since that has had two titles in 2004 and 2007?
Does the newest title show lien? If not probably satisfied previously
Can a car be repossessed with title and no lien on it?
no
How can a person find out if there is a lien on a car?
If there is a lien it is normally listed on the Title.
How can you have the title but there is still a lien against the car?
Could be a mechanics lien.
