The car was on financing through a honda dealership, and had never had a payment honored (aka lien).
52+ Buying A Car With A Lien
Background. Buying a car from a dealership is likely to be the easiest option. Buying a car with a lien against it can be done, but there are extra steps required to satisfy the lien holder, which can result in extra work to complete the transaction as well as the increased chance of potential problems.
What Is A Lien Title Is It A Bad Thing To Have One Shopping Guides Nadaguides from cdn.jdpower.com
I want to buy a car from a vendor who is 2500 miles away. How a lien affects buying/selling a car. Most people are wary about buying a car with money owed on it.
Buying a car with a lien against it can be done, but there are extra steps required to satisfy the lien holder, which can result in extra work to complete the transaction as well as the increased chance of potential problems.
The vehicle was used in another transaction as collateral. Buying a car with a lien is one way to purchase the vehicle you want at a reasonable price. I want to buy a car from a vendor who is 2500 miles away. What if they just pocket the cash?
