A car lien is a legal claim on a vehicle that protects lenders’ money. It happens when you get a car title loan or finance a car purchase. The lender gets a legal right to the vehicle until you pay off the debt. Knowing about a lien on a car is key to understanding car financing...
How to Read a Car Title? The design of vehicle titles varies a little according to the state where the vehicle is titled, but in general, the front shows: the owner’s name and address; any lienholder’s identifying information (such as a bank loan for purchase); the vehicle’s manufac...
” It happens if you buy a vehicle, don't put your name on the title, and then sell it to someone else. Legally, there is no trace that you ever had the car in your possession. These laws are in place to make it more difficult for car thieves to steal vehicles and sell them ...
Motor vehicle owners wondering how to replace a vehicle title in Washington can conduct this procedure through the state Department of Licensing (DOL). Car owners can request a replacement title due to various reasons, including a lost or stolen title certificate. The state DOL imposes specific WA...
But you may still qualify for an online title loan if you're the primary lienholder or have a cosigner willing to sign on to your loan. Speak with Hyperlend at 800-971-3022 to explain the exact situation with your car's title, and we'll work to get your application approved!
What is the downside of a rebuilt title? To make sure an individual who is not familiar with the inner workings of a car (which is most of us), laws have been put into place where once a car has been in a wreck and labeled by the insurance company as unsafe to drive, that no ma...
When shipping your electric vehicle, you’ll need your vehicle title or lien holder authorization, current registration, government-issued ID, and proof of insurance. It’s also beneficial to have documentation of your battery’s warranty information and current health status. Make copies of all do...
In cases where the private seller claims to be the legal owner despite what the title says, ask for proof in the form of a lien payoff document. Keep in mind that private sellers have other obligations. Selling a car eats into their free time, which means they may be more willing to ...
document that proves ownership of a vehicle. On each title is the Vehicle Identification Number or VIN of the vehicle, the year of the vehicle, the make and model of the vehicle, the name of the current owner and their address. Each state has their own titles and registering laws and ...
Once the lien is paid off, the title will be changed to clear. Basically, you want a clear, clean title when you purchase a used vehicle. 3. Lemon/Factory Buy Back When a car seems to have problems right from the factory, it’s known as a lemon. There are laws for lemon cars, ...