Sentences with phrase «lien on the vehicle»

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.

Auto lenders are typically more lenient but considering there will be a lien on your vehicle until the loan is repaid, it makes it more difficult to repurpose the funds.

Vehicle payoff information should be on hand if there is presently a lien on the vehicle.

If you do not own your home, you can allow the lender to place a lien on your vehicle.

Be aware that the lender is the legal owner of the car, which means they hold a lien on the vehicle, and in some cases hold the title too, until you pay off the loan.

If the seller reneges (as he apparently has already done on some other obligation, hence the lien), your only option may be to get a lien on the vehicle yourself, and actually taking possession will be expensive and time - consuming.

@FiveBagger The usual practice is for the bank to hold a lien on the vehicle which would be impossible if they were the legal owner of record.

The lender requests that the borrower agrees to allow it to place a lien on the vehicle.

If it's the former, get the lien on your vehicle transferred to your new lender, so that your old loan is effectively obsolete.

Lenders will put a lien on your vehicle when you borrow against it, ensuring that they are paid first if the car is sold.

Are you willing to allow the lender to place a lien on your vehicle until you pay back the advance?

Auto title loans are low - risk loans with terms ranging from 12 to 48 months with LoanMart, where they will take over the lien on your vehicle.

Auto lenders are typically more lenient but considering there will be a lien on your vehicle until the loan is repaid, it makes it more difficult to repurpose the funds.

Naturally, you may not have the choice if you have a lien on the vehicle.

After you pay off your loan, LoanMart will release the lien on your vehicle and it will be yours once again.

Car title loans are secured with a physical copy of a title and a lien on the vehicle.

The lender places a lien on the vehicle until it receives the repayment.

We can even help you find a lender for a second - lien on your vehicle (if it is not currently paid off).

A title loan on a vehicle with an already - active loan would be referred to as a second - lien on the vehicle.

The lien on the vehicle (rights to possession in the case of a default) is transferred from the old lender to the new one with the new loan.

If you have a lien on your vehicle, you must carry comprehensive and collision insurance because your car is security for the loan, and the loan company would not want to hold a lien on a wrecked car.

In those cases, the policy holder is required by those with a lien on the vehicle to carry collision and comprehensive coverage until the lien is canceled.

On top of the required liability insurance and the compulsory comprehensive and collision coverage for drivers with a lien on their vehicles, there are other optional forms of auto policy coverage available to Texas drivers.

Collision coverage is optional coverage unless there is a lien on the vehicle.

In these cases, the covered policy holder must also carry comprehensive and collision insurance to protect the investment of those holding a lien on the vehicle.

This coverage is not mandatory in Alaska but you would require this if you wish to create a lien on your vehicle.