So you want to buy or sell a car that has a lien on it? I get asked about this from time to time because it often snags an otherwise-good car sale.
Obviously, you have to remove the lien to sell the car (or to acquire it with good title). If the seller has the money to do that - no problem. But they often need the money from the sale to pay off the lien. That’s where it can get tricky.
And there are no great answers here. If they need your money to pay off the lien on the car you are buying, it may take some time. How much do you trust the seller?
There are a lot of ways this can go sideways or, heaven forbid, south (is there a difference?) but I try to cover all of the possibilities in this week’s podcast. At least, I cover as much as I can in 20 minutes.
Here is the audio:
And the video.
And that handsome devil at the top? That’s me with the first copy of my latest book, Preston Tucker and His Battle to Built the Car of Tomorrow. Available soon at all fine booksellers (and signed from me. Stay tuned for details.)
Follow me on Twitter: @stevelehto
Hear my podcast on iTunes: Lehto’s Law
Steve Lehto has been practicing law for 24 years, almost exclusively in consumer protection and Michigan lemon law. He wrote The Lemon Law Bible and Chrysler’s Turbine Car: The Rise and Fall of Detroit’s Coolest Creation.
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