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Financing a car with a lien?

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Old Aug 30, 2013 | 10:42 AM
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Financing a car with a lien?

Hey everyone,
This is the first time I'm looking to finance a car through a bank. I've found a 2006 g35 sedan here in Florida that has caught my eye. I did an autocheck though the dealer's website on the car and there shows a lein currently on the vehicle. Is this something I should worry about or are leins common on used cars? I'm going to call the dealer later to see what they say about it as well.

Thanks everyone
 
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Old Aug 30, 2013 | 11:11 AM
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may be from a previous owner hence why it's at a dealership now
 
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Old Aug 30, 2013 | 11:37 AM
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Originally Posted by Jaygotboost
may be from a previous owner hence why it's at a dealership now
Yea, would you see any issues with purchasing a car with a lein? I'm not familiar with it. Is this something the dealership takes care of?
 
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Old Aug 30, 2013 | 02:21 PM
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Does it say who is the lien holder? Usually it's a lender (a bank), someone took out a loan to buy the car. If you finance the car (assuming you qualify for the loan and they give it to you), you'll use that money to pay off the current lien and your lender will be the new lien holder.
 
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Old Aug 30, 2013 | 02:43 PM
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Originally Posted by toogood131
Does it say who is the lien holder? Usually it's a lender (a bank), someone took out a loan to buy the car. If you finance the car (assuming you qualify for the loan and they give it to you), you'll use that money to pay off the current lien and your lender will be the new lien holder.
Thanks for the replies on this guys. When I looked into it further online, it's saying loan/lein, but doesn't list anymore information. I assume a bank could easily have a lein against this vehicle? I'm getting ready to call the dealer to double check the information and make sure there isn't anything required on my part to settle this.
 
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Old Aug 30, 2013 | 03:19 PM
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If it's at the dealer, I'm assuming the dealer financed the car, there shouldn't be a problem.
 
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Old Aug 30, 2013 | 04:05 PM
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Originally Posted by toogood131
If it's at the dealer, I'm assuming the dealer financed the car, there shouldn't be a problem.
Lol that's exactly what they said too haha. They pretty much were like "Don't ask stupid questions..." When I called lmao
 
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Old Aug 30, 2013 | 04:35 PM
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That's what I was thinking too, but I'm bored and thought I'd be nice
 
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Old Aug 30, 2013 | 04:36 PM
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Originally Posted by toogood131
That's what I was thinking too, but I'm bored and thought I'd be nice
lol a little kindness, especially over the internet, can go a long way. Have a good day man!
 
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