Auto loans:An auto loan is an installment loan that’s designed specifically to fund the purchase of a vehicle. They are available through car dealers, as well as banks, credit unions and online lenders. Student loans:Student loans provide funding to cover the costs associated with higher educa...
A car lien is a legal document that shows a creditor’s interest in a vehicle. Over 40% of vehicles searched have a lien, showing how common it is. Legal Definition of a Car Lien In auto financing, a lien is a legal right. It lets a creditor take the vehicle if payments aren’t ...
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Generally, your buyout agreement should include your name, address, vehicle description and buyout price. You also need to ensure that the car title is transferred from the leasing company to you. Do you need a down payment for a lease buyout loan?
If you believe a lien is not legitimate, contact the lienholder. In some cases, lien releases get lost or forgotten. For example, you might buy a used vehicle from somebody who previously had an auto loan, and thelien releasefell through the cracks. Bringing the matter to the right person...
Is there a mechanics lien option in the state of Alabama by which I can sell the item. I have contacted the Attorney General's office in Montgomery but no one could give me an answer. By anon106217 — On Aug 24, 2010 we own an auto repair shop, and we have a lot of unpaid ...
How to Get an Auto Lien Release A certificate of title, or “pink slip,” is a legal document that says who owns a specific vehicle. It displays standard information such as the owner's name and address, the vehicle identification number and license plate. It's a record of ownership that...
So what happened to the lien? He says he is no longer responsible for the lien. Does that mean I will not get my 3500.00? I was led to believe that a lien was the first thing paid. By anon152306 — On Feb 13, 2011 can the state put a lien on your auto without letting you...
lienholder before you buy the car. If the seller requires money from the sale to resolve an outstanding lien, you may also be able to arrange a payment directly to the lienholder. That way, the lender is paid, the lien is released, and you avoid future problems involving that lien. ...
The lien is removed when the owner pays the taxes but the municipal or county authority will eventually auction the lien off to an investor if they continue to go unpaid. A certificate is issued to the investor detailing the outstanding taxes and penalties on the property after they've placed...