Financing a car with a lien?
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
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
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?
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.
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.
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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