Dangers connected with automobile liens

Dangers connected with automobile liens

What’s a lien

Whenever you purchase a car or truck from a dealer or from a personal seller, remember that there might be a lien registered against it. Along side automobiles, and also this relates to other utilized automobiles such as for instance ships or engine domiciles.

A lien is a lender’s claim for repayment that is registered against a motor vehicle. Loan providers and garages have actually the best to place a lien on your own automobile.

Liens stay registered from the motor vehicle before the financial obligation was paid in complete plus the lien was removed. Continue reading “Dangers connected with automobile liens”