what is a car lien

Date: Thu, 02/08/2007 - 08:26

Submitted by anonymous
on Thu, 02/08/2007 - 08:26

Posts: 202330 Credits: [Donate]

Total Replies: 3

i am purchasing a car through third party. i have been buying this car now since november 2005. recently me and the guy i got the car from went to the DMV to buy a tag for the car and get the car put in my name. while we were there the lady at the desk said I could not get the car tranfered into my name because the car had a "lien" on it when i asked him about it he informed me that the reason the car had a lien was because it was not paid off. i was confused but did not push the issue. My question is what does this legally mean? If i pay the remaining balance of the car off would i still owe some kind of fee that he is not telling me about? :?

The person you purchased the car from still owes somebody else s

The person you purchased the car from still owes somebody else some money for that car...(probably a bank or credit union) So until he takes care of it on his end you will not be able to transfer the car to your name. He still had a balance on the car when he sold it to you.

lrhall41

Submitted by PinkLady on Thu, 02/08/2007 - 08:56

( Posts: 1720 | Credits: )

Also if the person you bought the car from fails to make any pay

Also if the person you bought the car from fails to make any payments who ever holds the lien can take the car...
I would be sure you get the title to the car..

lrhall41

Submitted by Poptarts.mom on Thu, 02/08/2007 - 09:29

( Posts: 407 | Credits: )

The others are right, make sure that the person you are bying th

The others are right, make sure that the person you are bying the car from has it paid off. Sometimes the car is paid, and the lien just has to be removed. The person who owns the car can do this with lien release papaers. Don't buy or pay anything until you know if this is done..Good Luck.

lrhall41

Submitted by Bossy4455 on Thu, 02/08/2007 - 10:34

( Posts: 5854 | Credits: )