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How to get a lien lifted from a used car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make smarter financial decisions by providing you with interactive financial calculators and tools as well as publishing unique and impartial content. This allows you to conduct research and compare information for free and help you make informed financial decisions. Bankrate has agreements with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this website are provided by companies that compensate us. This compensation may impact how and where products appear on this website, for example, for example, the order in which they may be listed within the categories of listing and other categories, unless prohibited by law. Our mortgage and home equity products, as well as other home lending products. This compensation, however, does affect the content we publish or the reviews that you read on this site. We do not cover the entire universe of businesses or financial offerings that could be available to you.



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3 min read . Published January 19, 2023
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the details of borrowing money to purchase an automobile.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since the end of 2021. They are dedicated to helping readers gain the confidence to manage their finances with clear, well-researched facts that break down complex topics into manageable bites.









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The term "liability" is at its simplest, an insurance policy that is used by a lender employs to safeguard itself in the event of a default by a borrower on a financed vehicle. The lien represents the lender's legal claim to the vehicle, and it remains in place until the loan has been fully paid. If you have recently taken out a title, take these steps to put yourself in a better financial position. What is a car lien? While the thought of an obligation on your vehicle could be intimidating but it's not unheard of. Vehicles financed with a loan are usually placed under a lien until the loan is fully paid. This "insurance policy" put in place by the lender allows it to have the legal right to retain the vehicle's title until the balance that is owed on the loan is paid in full. Many drivers do not fully know how a lien operates until they try to and find out that they're not in a position to. If there is a lien in place on a vehicle, lenders or creditors can be able to claim the loan has not been completed or has fallen into default. In addition to affecting the capacity to sell the vehicle the lien can also affect the price of . What can you tell if a car is under the sway of a lien? When purchasing an used vehicle is to have the seller provide the buyer with a written confirmation from the lender which states that the lien has been lifted. If the seller provides you with a title, check with your nearby Department of Motor Vehicles first to confirm that there isn't a lien. In certain instances it is possible to access the DMV website to search for a lien by using the 17-digit (VIN). The VIN number can be found in various places such as the lower left of the car's windshield. If you are issued a title to the used car, the chances are that the lien has been paid in full it's just not released properly. This could be due to an error in the bank or get lost in the shuffle of a merger . Keep an eye out for it when you work with the buyer. Where to find lien information Lien information can be tracked down through a variety of methods, like: Department of Motor Vehicles: Using the vehicle identification number, you can verify a vehicle's lien status at the Department of Motor Vehicles. In many areas you can conduct a lien search on the internet using the DMV website. It is also possible to call or visit your nearest DMV to obtain the information about your lien. Reports on the history of your vehicle: Numerous websites on the internet offer history reports at a cost. These websites, like VIN Smart and AutoCheck, provide full vehicle history reports together with details about the lien. How do you get a lien removed from a car title Buying the used car you want to purchase is not a good idea if there are strings attached -- especially not an obligation to pay. Although it may take some legwork, and quite possibly several weeks, you can probably resolve your issue for a minimal or no cost. Contact the seller When buying a used vehicle through an agent, make certain to ask the salesperson whether there's a lien on the vehicle. In such cases the dealership usually handles clearing up the lien. If you're financing your purchase using a loan then your lender becomes the . If so, request to provide evidence that the loan was paid in full, such as cancelled checks or a fully paid letter. It is the responsibility of the seller to pay off the loan in order to transfer the title to the vehicle. You can include that requirement in your purchase agreement. It's recommended to reach out to the lender directly and verify the status of the loan. It's even possible to do this before finalizing the purchase. Ask about the total amount to be paid to clear the vehicle as and other conditions that could affect the sale. Request a lien removal If the lienholder is a bank which has failed (or is a subsidiary of one) Contact the Federal Deposit Insurance Corp. directly to request a release letter. The FDIC will assist you in obtaining the lien if you've confirmed that the bank in receivership was placed into FDIC receivership. The offers a search function that allows users to check the database of such banks. The FDIC also keeps an individual list of failed banks , including details about what happened to the banks that were bought by a different financial institution. When you have all the paperwork you require, you are able to file it with DMV and DMV and . The bottom line Simply put, it's hard to be able to enjoy your new vehicle in the event that there's an obligation on it. Make sure the previous owner has paid off any money owed so that the car is fully yours -- rather than the lender's.


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the ins and outs of securely taking out loans to purchase a car.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to take control of their finances with precise, well-studied information that break down complex topics into manageable bites.






Auto loans editor




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