2006-12-26 10:56:14 · 6 answers · asked by m_musial1718 1 in Cars & Transportation ➔ Buying & Selling
It would be better but you are not required to retitle the vehicle because of lien release.
A dealer will accept this title when you trade the vehicle but you might have a problem if you sold it private party to someone that didn't understand.
2006-12-27 06:11:52 · answer #1 · answered by Confused 3 · 0⤊ 0⤋
I you can spare the money its a good idea . A friend of mine had a bad deal on a car from a used car lot , One partner filed for a lost title and let him pay it off early for a good discount , he signed the lien off . Six months later when he when to trade it in , the dmv said the title was no good . It took him 8 months to get it straightened out before he could trade it . Its also a good idea in case you lose the title.
2006-12-26 11:16:01 · answer #2 · answered by 1diputs 4 · 0⤊ 0⤋
in the event that they sign off the lien on the identify, you have 2 selections. First, the identify is transferable via you in basic terms via freeing your pastime. till, you plan on doing this quickly, i could bypass with decision 2. decision 2, is to take the released identify to DMV and have them print you a clean identify which in basic terms shows your call. this would not make the identify greater transferable yet there is an substantial rationalization for doing this. the reason being that in case you lose the identify at it sluggish, you could in basic terms request a substitute identify via polishing off a "lost identify Affidavit". in case you lose the identify which the lien holder has released, you will could song them down and bypass for the duration of the worry of convincing them that's paid off so as that they are going to sign off lower back so which you will get a substitute or to sell the motor vehicle. Be risk-free, bypass to DMV and get a identify with in basic terms you and no lien holder exhibiting by using fact even while paid off, till you record the launch of the lien, so a great way as DMV is worried there's a lien holder and you would be able to't sell with out the lien holder freeing their pastime.
2016-10-19 00:30:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You should apply for a clear title. If you lose the lien release, you may have problems proving that the title is clear.
2006-12-26 13:21:14 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
not necessary in Michigan
2006-12-26 21:52:25 · answer #5 · answered by want2wild 5 · 0⤊ 0⤋
In Mass., no.
2006-12-26 11:05:10 · answer #6 · answered by buzzwaltz 4 · 0⤊ 0⤋