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Can you sell a car to dealership if your loan was charged off and you a have a lien on the title?
At minimum, you must satisfy (pay off) the lien. Talk to a dealership---NOT the one you plan to do business with, but call a different one---they can give you information. When you go to sell the car, keep in mind the lien amount in your overall price you want for the car. Make sure you get paperwork when you pay off the lien.
What else can I help you with?
Can dealership hold title if car traded in has a lien on it?
Yes, a dealership can hold the title of a traded-in vehicle that has a lien on it, but they typically need to settle the lien before transferring ownership. The dealership will usually pay off the remaining loan balance to the lienholder as part of the trade-in process. Once the lien is cleared, they can obtain a clean title to sell or resell the vehicle. It's essential for the seller to communicate with the dealership about the lien details to ensure a smooth transaction.
What does it mean if there's a lien on a car title?
A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.
Do you have to pay your car loan if you have the title with no lien on it?
yes
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.
Can you get a title loan with a lien holder on the title?
Yes, try Cashtime personal loans
Is there a statute of limitations of a title loan in Alabama?
No, there is no statute of limitations on a title loan in the state of alabama. As long there is a recorded security interest on your car title i.e." Lien" you are obligated to repay your title loan
What is the Mercedes Benz Lien Holder address?
The lien holder address for Mercedes-Benz may vary depending on the specific financial institution or dealership that financed the vehicle. Typically, you can find the lien holder's address on your vehicle title, loan documents, or by contacting the dealership or financing company directly. If you need a specific address, please provide more details about the financing entity.
Can a car be repossessed if there is a lien holder on title but there is no actual loan?
hi
How can you get the title to a vehicle with a lien on it?
The only way to get the title released is to pay off the lien. Most bank and finance companies will not release the lien until the loan is paid in full. if you are a good customer and have paid the lien as planned, they may release it if the balance is real low, but you still have to pay the loan.
Is your credit history affected by a lien that is put on a house?
If there is a mortgage/equity loan involved,that loan will report on your credit history. The lien will report on the title of the house. A title search will be conducted if you are selling or refinancing the house.
Does my vehicle have a lien?
To find out if your vehicle has a lien, you can check the title or contact the lender who provided the loan for the vehicle. A lien indicates that there is a financial interest in the vehicle by a lender until the loan is fully paid off.
Can child support put a lien on your house if your husband is on the title but not the loan?
yes
