Cash money, however, may be required if there is
a lien on the automobile that you are trading and the balance is greater than the appraised value of your trade in.
Here, you will allow them to place
a lien on your automobile and this implies that they can take your vehicle in the event where you are not in a capacity to honor the loan agreement.
Not exact matches
The secured bad credit
automobile loan is secured by a
lien that you allow the lender to place
on an item of value - such as your home.
Loans for which the borrower gives the lender a
lien on property such as an
automobile, boat, other personal property or real estate that will serve as collateral for the loan.
1 The Annual Percentage Rate (APR) shown for New
Automobile is subject to approval and the presentment of a perfected
lien on your vehicle.
2 The Annual Percentage Rate (APR) shown for Used
Automobile is subject to approval and the presentment of a perfected
lien on your vehicle.
Getting
automobile insurance rate quotes
on leased or financed vehicles makes sense, for example, since
lien holders typically require these modes of coverage while you are working to pay off any outstanding financial obligations.