2006-12-12 11:40:10 · 10 answers · asked by james25202003 1 in Cars & Transportation ➔ Buying & Selling
Yes it means free of any registered liens, it also means that it has no money owing on it. and that whoever is selling it to you owns it outright. In other words, all debts regarding the vehicle have been paid. Nobody can claim the vehicle after you buy it to cover any outstanding debts etc...
2006-12-12 11:51:10 · answer #1 · answered by ? 6 · 0⤊ 0⤋
Clear title means no money is owed to anyone using the car as collateral. Salvage title means the car was totaled in a wreck
than fixed up. Salvage titles don't always mean the car is a bad deal. I've had some pretty good ones that have had salvage titles.
No title is a very bad thing. Filing for a lost title will cost you a lot of time, head aches, and money.
2006-12-12 11:45:59 · answer #2 · answered by txharleygirl1 4 · 0⤊ 0⤋
yes clear title means the title does not have any open liens or encumbrances against it. A title with an open lien cannot be transferred to a new owner.
2006-12-12 13:14:41 · answer #3 · answered by financedude64 1 · 0⤊ 0⤋
yes, that's it exactly. clear title means the vehicle is owned by the seller, free and clear, meaning no monies owed to a third party lender. (they have the title in hand. it's not held by the bank)
2006-12-12 11:43:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It means any and all liens have been paid off
2006-12-12 11:43:28 · answer #5 · answered by Tasha 2 · 0⤊ 0⤋
It can mean two things... that it's clear of any lien holders (such as banks) and that it's not salvaged.
2006-12-12 12:13:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes
2006-12-12 11:41:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
clear of liens and accidents
2006-12-12 11:42:41 · answer #8 · answered by Anonymous · 0⤊ 1⤋
yes, it means there is no money owned on it and it is owned free and clear.
2006-12-13 10:06:01 · answer #9 · answered by 3000gthottie 3 · 0⤊ 0⤋
yea. It means there is nothing owed to anyone on this vehicle.
2006-12-12 11:43:23 · answer #10 · answered by Anonymous · 0⤊ 0⤋