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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
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!
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).
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 ?
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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