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Old 03-09-2015, 12:08 AM
 
1 posts, read 7,567 times
Reputation: 10

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Hello! I'm planning to buy a car but I don't understand the last two entries of the carfax. There was a lien or loan reported then sold at an auction. Does that mean I'm free and clear in buying this car since it was sold at an auction? Please help. See the entries below,

01/07/2015 133,009 Mini of Valencia
Valencia, CA
661-286-2600
minivalencia.net Pre-delivery inspection completed
Washed/detailed
01/19/2015 134,038 Auto Auction
Pacific Region Sold at auction


Millions of used vehicles are bought and sold at auction every year.
01/23/2015 California
Motor Vehicle Dept.
Palmdale, CA Title issued or updated
Dealer took title of this vehicle
while it was in inventory
Loan or lien reported
02/09/2015 134,628 Auto Auction
Pacific Region Listed as a dealer vehicle
Sold at auction
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Old 03-09-2015, 06:40 AM
 
2,600 posts, read 5,736,543 times
Reputation: 2407
Auctions don't sell cars with liens on them.

Sellers at auction don't get paid unless they deliver a clean title to the auction.

Nobody can legally sell a car with a lien on it without paying off the lien first.

A lien holder wont give up the title until they get paid, meaning the lien has been satisfied !!!!
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Old 03-09-2015, 11:02 AM
 
Location: Billings, MT
9,373 posts, read 7,463,476 times
Reputation: 12966
Quote:
Originally Posted by need4speed2012 View Post
Auctions don't sell cars with liens on them.

Sellers at auction don't get paid unless they deliver a clean title to the auction.

Nobody can legally sell a car with a lien on it without paying off the lien first.

A lien holder wont give up the title until they get paid, meaning the lien has been satisfied !!!!
A better way to put that would be to say that "the lien holder will not release the lien until it has been satisfied!"
In some states (Montana, for one) the lien holder does not have the title. The registered owner gets it. the lien IS listed on the title, however, and a lien release from the lender must be with the title when it is transferred. No lien release, the lien stays on the title!
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Old 03-13-2015, 06:04 AM
 
114 posts, read 159,756 times
Reputation: 141
Quote:
Originally Posted by Redraven View Post
A better way to put that would be to say that "the lien holder will not release the lien until it has been satisfied!"
In some states (Montana, for one) the lien holder does not have the title. The registered owner gets it. the lien IS listed on the title, however, and a lien release from the lender must be with the title when it is transferred. No lien release, the lien stays on the title!
Correct. Most states send the title to the lienholder. About a dozen send it to the owner, or do something different (For example, Maryland has two documents--a "green" title to the owner, and a "red" security certificate that the lienholder sends to the owner when the vehicle is paid off).
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Old 03-13-2015, 06:35 AM
 
74,082 posts, read 31,660,094 times
Reputation: 14625
Bottom line. If you buy the car at a reputable auction you are going to get a clear title.
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Old Yesterday, 02:40 PM
 
1 posts, read 28 times
Reputation: 10
Backing out the driveway turning the steering wheel left i hear a clicking sound , i straighten out and drive 100 feet no clicking then turning left clicking resumes ....Any idea whats making this sound ?
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Old Today, 07:24 AM
 
Location: Metro Detroit Michigan
3,563 posts, read 977,540 times
Reputation: 2860
Quote:
Originally Posted by skipper73 View Post
Backing out the driveway turning the steering wheel left i hear a clicking sound , i straighten out and drive 100 feet no clicking then turning left clicking resumes ....Any idea whats making this sound ?
Bad cv joints.
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