2007-05-25 22:20:15 · 3 answers · asked by nofool 1 in Cars & Transportation ➔ Buying & Selling
It means is there any money owed to any finance company against this car.~~
2007-05-25 22:28:19 · answer #1 · answered by burning brightly 7 · 0⤊ 0⤋
It means that the registered owner either owes money on the car, or took a loan and used the car for collateral. It could also mean, that the owner had a bad debt somewhere, and the person owed the money, has placed a lien on his assets, stopping him from legally selling the car.
2007-05-26 15:07:02 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
A history of liens on the car. Or who or what financial institution has an interest in the car. The lienholder will be in the record.Until you payoff the car, it belongs to the lienholder. You are the registered owner, won't have title till the payoff.
Your bank, the credit corp of the dealer that sold it to you.
...GMAC,,,and so on.
2007-05-26 05:31:00 · answer #3 · answered by devil dogs 4 · 0⤊ 0⤋