How To Register Car With Lien

I live in ny state btw.

How to register car with lien. The easier option of the two is selling your vehicle with a lien to the dealership where you intend to purchase your new car. A lien is placed on the title of a vehicle to protect the interest of a creditor. Whenever you pay the lien off 99 of the time you get the lien release right there. To add a name to a car title when the car has a loan you usually need the cooperation and consent of the lender. The lender would have a lien against the car for the loan and would technically be its owner.

Your auto loan lender is usually the lien holder on your car and may hold the car title. Please note that you are not trading in your car because you don t actually own it. If you purchase a vehicle with a lien the lien must be paid or lienholder permission obtained before you can transfer the title into your name. I just realized there is a lien on it but the lien is not from her. A lien holder will be listed on the physical title if held by the owner and will also be recorded with the dmv in the state of the car s registration.

She said she bought the car from someone local and didn t have a problem registering the car. Once you turn in that title from the seller with the lien on it when you are registering that lien will be recorded over to the title issued in your. In some states you can hold onto the title even though there is a lien on it. Depending on the state the lien holder will file the lien with your state s transportation agency such as the department of motor vehicles. My father is telling me that i need a statement from the bank the car was bought from saying that it is paid off.

If you have anymore questions let me know. If you re buying the car with a loan you will need to work with both your lender and the lien holder to come to an agreement. You might have the option of refinancing the loan into two names however. If you take this route be sure to have a written and signed agreement in place before you pay the lien. If he sends you the title with the lien release the car will be fine to register in your state.

You must satisfy your loan first and that s what selling it to the dealer will do. Once you pay the lien with either cash or your loan the lien holder can transfer the title to you or your lender. Yes you can register a car with a lien on it.