Liens on Vehicles & Titles : Part One
 -
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

SERIOUS AUTO TITLE PROBLEMS: Dealer/Auction Went out of Business Without Giving a Title (Segment 5)
SERIOUS AUTO TITLE PROBLEMS: DMV MADE A MISTAKE ON MY AUTO TITLE! (SEGMENT 4)
SERIOUS AUTO TITLE PROBLEMS: RECEIVED A JUMPED AUTO TITLE (SEGMENT 3)
SERIOUS AUTO TITLE PROBLEMS: SELLING A VEHICLE WITHOUT A TITLE (SEGMENT 2)
SERIOUS AUTO TITLE PROBLEMS (SERIES)

Most Popular Posts

IFTA FILING 2ND QTR 2011 IS DUE
Multiple Owners on a Vehicle Title
VEHICLE TITLE SKIPPING
WHAT IS A NON REPAIRABLE CERTIFICATE
Motor Carrier Permits: IRP/IFTA Trip Permits, Overload Permits& Hauling Permits

Categories

1st Quarter IFTA Tax Filing
3rd Quarter IFTA Tax Filing 2012
4th Quarter IFTA Tax Filing
ABANDONED VEHICLES SERVICE ASSISTANCE
ABANDONED VEHICLES TITLE HELP
AUTO DEALER/AUCTION OUT OF BUSINESS
BILL OF SALE
Bought a Vehicle Online Without a Title
Bought a Vehicle That's Stolen?
BOUGHT A VEHICLE WITHOUT GETTING TITLE
Bought Vehicle From Private Seller and Lost Title
Buying a Vehicle With a Lien on It
Buying and Titling a Rebuilt Motorcycle
CAR TTITLE MISTAKES BY THE SELLER AND THE BUYER
CURBSTONING
Department of Transportation Safety Requirements
DMV Title and Registration Expert
Freight Broker
Heavy Vehicle Usage Tax
IFTA ASSISTANCE/FUEL TAX
IFTA Filing 1st Quarter 2012
IFTA FILING 2012 2ND QUARTER
IFTA FUEL TAX FILING HELP
ILLEGAL DEALERS SELLING VEHICLES ONLINE
INCORRECT INFORMATION ON VEHICLE TITLE
INTERSTATE OPERATING AUTHORITY
INTERSTATE REGISTRATION PLAN (IRP) HELP
IRP Jurisdiction Concerns
LEASING A VEHICLE IN VIRGINIA
LIEN MISTAKES ON AUTO TITLES
Liens on Vehicles & Titles: Part Two
MECHANIC & STORAGE LIEN
Mechanic and Storage Liens
Mistakes on Vehicle Titles
Motor Carrier Permits
Multiple Owners on a Vehicle Title
NON-REPAIRABLE CERTIFICATE
Odometer Discrepancies
OPERATING AUTHORITY
Owner Operator Assistance
SALES TAX ON VEHICLE IN VIRGINIA
Salvage Title and Branding
Selling a Vehicle Without a Title
Selling a Vehicle: Necessary DMV Documents
SERIOUS
SERIOUS AUTO TITLE PROBLEMS
Starting a Trucking Company
Tips to Prepare Your IFTA Quarterly Taxes
Title & Register an Antique Vehicle
TITLE SKIPPING
TITLING A TRAILER
TOW COMPANY WON'T RELEASE VEHICLE
Trucking Citations
Unified Carrier Registration (UCR)
VEHICLE LIENS PART ONE
Vehicle Title Assistance
Vehicle Title Fraud Help
Vehicle Title Services
VIN (Vehicle Identification Number)
VIRGINIA AUTO REGISTRATIONS
When To Title Your Vehicle

Archives

August 2015
May 2015
April 2015
February 2015
January 2015
November 2014
October 2014
March 2014
February 2014
October 2013
August 2013
June 2013
March 2013
January 2013
November 2012
September 2012
August 2012
July 2012
June 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011

powered by

Wisdom & Authority Title Solutions

Liens on Vehicles & Titles : Part One

Vehicle Titling SolutionistYou bought a vehicle, but there's a lien on the title?  A lien? No, I don't have a lien I hear you saying. 
 
From my experience with titles, I often hear people say that they don't have a lien on their vehicle; but in reality a lien or multiple liens are present.  When some people think of a lien, they automatically think of a tax lien (on a home) or some sort of garnishment.  In the world of auto finance, a lien simply means that you are getting your vehicle financed, you are making payments on the vehicle and in essence you still owe a balance on your vehicle.  The following will provide you with some insight if A. you have a lien on your vehicle but shouldn't, B. You are a private seller of a vehicle and are accepting payment arrangements from the buyer of the vehicle
 
 
You Have a Lien on Your Vehicle But One Shouldn't Be Present: (Dealers Error)?
 
  • Though rare, but not unheard of; lien errors can occur in the titlework at the dealership where you bought your vehicle.  If you paid for your vehicle in full and on the spot, there shouldn't be a lien on your vehicle or on the title work.
  • If in fact an error is present, and your vehicle was paid in full, present your buyer's order and bill of sale to the title department and have them to give you a corrected title, or an MSO/MCO.  NOTE: This will take a few days because corrections must be made in the paperwork and through the DMV.
 
You Are a Private Seller of a Vehicle and Are Accepting Payment Arrangements From the Buyer of the Vehicle:
 
  • If you give the buyer the title to take to DMV (to get the vehicle titled in their name), that's fine, but if they owe on the vehicle, you owe it to yourself to put a lien on the title.
  • If a lien is on the title (the lienholder's name, address and sometimes stamp), shows that the vehicle isn't fully paid for and discourages others from "touching it" and getting involved in "title skipping" as well.
  • If the vehicle is being titled in the state of Virginia and a lien is present,  DMV will mail the title to the lienholder.
  • If you are due payments from a buyer that you sold a vehicle to, and you fail to put a lien on the title, then you put yourself at risk for financial loss of monies due you, and or the buyer of the vehicle can get a clear title in his or her name.
 
Check back for Liens on Vehicles & Titles: Part Two as Wisdom & Authority Titling Solutions gives you more lien advice regarding vehicles and titles.
 
 

2 Comments to Liens on Vehicles & Titles : Part One:

Comments RSS
Margretta on Wednesday, June 13, 2012 1:48 PM
I found this information both helpful and useful. Somehow, I was unaware that a title is a legal document. I recently experience a negative situation involving the "wording"on my title. In an attempt to purchase license plates I was told that I was not the owner of my vehicle. Astonishly, mistakes where made by the dealership and Division of Motor Vehicles that indicated liens of Ford Motor Company and Lexus dealership were the ownwers. Who ever heard of Ford Motor Company selling a Lexus? My Lexus is totally paid off! However, at this point in time,I am being denied of the purchase of my license plates. Presently, I am driving my car with a bill of sales, expired license, plates, and incorrect liens. Where is the justice in this senario?
Reply to comment


Shanel White on Wednesday, June 13, 2012 5:10 PM
Hi Margretta, Thanks for your response. The bulk of the situation is that something went wrong with the title work at the dealership. You mentioned that a Lexus dealership and Ford Motor Company were involved. For simplicity is it fair to say that you purchased the vehicle from the Lexus Dealership (if not, which dealership)? If you paid for the vehicle upfront and in full, then there shouldn't have been a lien on the vehicle from the start, unless there is a second part to this story and you were refinancing the vehicle. I'm really curious though as to how Ford Motor Company got into the mix. In regards to your plates, technically the plates are to be registered to the "owner" of the vehicle. While you are waiting for your title work to be corrected at the dealership, you might want to ask them to supply you with temporary tags and registration. I hope this helps!
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment