2007-03-28 14:53:48 · 10 answers · asked by Karen 2 in Cars & Transportation ➔ Buying & Selling
uh, yea
2007-03-28 15:08:05 · answer #1 · answered by Stone Cold 6 · 0⤊ 0⤋
The answer is if you think there's a lien on your car, then you would have to disclose that to the buyer in writing and have him or her acknowledge that. This way if there is a lien, the buyer takes title subject to the lien and will have to pay the lien or give the car to the repo guy.
Your best bet is to go to your DMV and find out.
Some states put the lien right on the title. When the loan is paid off, the lien is released and the title is sent to the owner. If the title shows the lien is released or satisfied there should be no lien.
However, getting the buyer to acknowledge in writing that they are buying the car as is and with any and all title defects, if any, is a good idea. THis way its their problem. Not yours.
2007-03-28 22:04:21 · answer #2 · answered by krollohare2 7 · 0⤊ 0⤋
If there is a lien against your vehicle, you will need to get a lien release, otherwise, you will not be able to transfer the title. The best way to find out if a lien has been placed against your vehicle is to contact your state's Department of Motor Vehicles. They will inform you if you have a clear title or not. If you don't have a clear title, and are unable to get a lien release, then it would be illegal to sell your vehicle.
2007-03-28 22:56:25 · answer #3 · answered by uncbob544 1 · 0⤊ 0⤋
if the buyer can't put the title in his name because of the lean, he will surely see you in court and not only get the money for the car but damages as well.
pay the lean, then sell the car
2007-03-28 22:00:58 · answer #4 · answered by KRIS 7 · 0⤊ 0⤋
Yes. You could end up being liable for whatever monies is owed on the lein! Find out from your DMV who had the car previously and if there is a lein. If the car was financed, then the bank would be able to tell you. Find out as soon as possible. As long as you have the car, you can end up owing that money!
2007-03-28 22:01:00 · answer #5 · answered by Rebecca M 2 · 0⤊ 0⤋
If there is a lien against it it is not clear.
all liens must be removed to make the sale legitimate.
failing to disclose this information could result in a serious fine and possible imprisonment.
Is it really worth the deceit?
2007-03-28 22:00:49 · answer #6 · answered by makeda m 4 · 1⤊ 0⤋
if there is a lenn against it then there is no clear title , and if there is a clear title then there is no lean against it , what you think doesn't mean **** in the eyes of the law , DUDE
2007-03-28 22:01:31 · answer #7 · answered by ? 4 · 0⤊ 0⤋
you can sell it if there is a lien they can bring the car back and you have to buy it back or you or they can pay off the lean
2007-03-28 22:01:32 · answer #8 · answered by mobile auto repair (mr fix it) 7 · 0⤊ 0⤋
if the title is clear, there is no lien on it. a lein will be written on the title.
2007-03-28 22:43:06 · answer #9 · answered by oldtimer 5 · 0⤊ 0⤋
Ummm, yup!
They usually call it fraud...
2007-03-28 21:58:00 · answer #10 · answered by 6kidsANDalwaysFIXINGsomething 4 · 0⤊ 0⤋