A loaned vehicle's title will be held by the lender (known as a lien) until the loan is paid off. Likewise, a leased vehicle's title will be held by the lessor until the lease is bought out. Trade-In Selling a vehicle to a dealer as part of the negotiation on the purchase of ...
If there are liens against the car, the owner has to settle them before you try taking the car out of state. You can use aLien Payoff Service, where the Buyer and Seller guarantee that the current lien holder will be paid off at the close of the transaction. You should also ensure tha...
Escrow.com also provides several additional motor vehicle services to give you peace of mind.Lien Holder Payoffservices guarantee there is no outstanding debt on the car, giving you confidence when you buy. If the car is already clear of debt, ourTitle Collection Serviceensures you get the tit...
If the car does not have a clear title, it may be under a lien. The previous owner’s information can be found on the car’s title. You can also ask for the car’s VIN and then use that number to track down the vehicle’s previous owner through websites like Carfax, which provi...
Make sure the title is in the name of the seller. Do a title search to make sure there is no lien on the car. You can’t transfer the title until the loan on the car is paid off. So, if you buy a car with a lien on it, you might get stuck paying off someone else’s loan...
If you have a car you want to sell that still has a loan on it, then you may very well be able to still sell it. There are ways to sell your car even when it has a lien. Even though the options are limited, it’s still possible. Are you having trouble deciding whether to sell...
Browse our frequently asked questions for tips, insights, and advice that will help inform your car buying experience -- whether you shop with King of Cars or not!
you'll need to fill out an application and provide your lender with the paperwork needed to calculate your debt-to-income ratio. Your debt-to-income ratio is the total of the monthly payments on the debt you owe divided by your monthly income. These debts include things such as car loans...
The need for full coverage depends on the car. Anyone leasing or financing a vehicle will be required by the bank or lienholder holder to carry full coverage. While you make payments to the bank or lienholder, that institution has a vested interest in the safety and surety of the vehicle...
This is how much you spend on debt payments each month (things like student loans, credit cards, car loans and — hopefully soon — a mortgage) divided by your monthly pre-tax income. So if your debt payments total $2,000 a month and your gross income is $6,000 a month, your DTI...