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Title says "02/15/2010 PACIFIC SW REGION 153,427 Auto Auction AUCTION ANNOUNCED pennsylvania FLEET/LEASE" "A loan/lien is the legal right to take and hold or sell the vehicle of a debtor as security or payment for a debt. Normally, a vehicle will have a lien due to a loan or unpaid repair bill against the vehicle. Check with the seller to ensure that the lien has been satisfied." Its owned by the auction (copart) how can they sell it if its under a loan??? Will chose best answer for any help thanks
Find out your local rego checker on the internet, for australia its called RTA, on there you can type in the cars registration (if there is one), Engine numbers etc and it will come up with details like " an outstanding loan for $5342 needs to be payed if your the owner", so just look at that or call the auction and ask if theres any outstanding costs, if so i have the right to get a full cashback on this car, see if they have a website or anything for buying terms and agreements like, "any car can be sold with or without outstanding fines/bills", get what im saying, its worth lookign into otherwise you might find a big big bill you cant get rid of because its attached to the owner, goodluck and tell us how it went :D
They cannot sell a car with a lien. I think what they are saying is that the car has a lien and when you buy it they will pay off the lien and THEN give you the car and the title. If I am correct, I would be very careful with a scheme such as this.
It means the auction has repoed it and they are more than likely going to sell it for the price that the lien is.
It means that the auction has repoed it and they are more than likely going to resell it for the price of the lien that is on the title.
Thank you for the answers, very much appreciated!