How Do You Buy A Car With A Title Lien?
A title lien is a claim placed upon a vehicle when the debt has not been satisfactorily paid off. Title liens are normally placed by a lending institution such as a finance company or bank. In order to legally to transfer a vehicle’s title to your name, the title lien must be taken care of. The process of purchasing a car with a title lien is relatively simple as long as both parties are up front and honest and willing to get it taken care of. Ask the seller who the lien holder of the title is and inquire about the total amount due in order to get the lien released. Contact the lien holder to determine if there are any other stipulations involved in releasing it. Draw up a contract with the seller indicating the details of the sale, including the payoff price of the lien. Pay off the balance of the lien if possible. Go with the seller in person to the lien holder if necessary or if you are financing the vehicle through your bank, inform the bank of the lien including the name of lien h
