There comes a time when you deal with cars a lot (especially older cars and trucks) that you are probably going to find a car where the actual mileage isn’t known. Let’s take a look at your options if this happens.
Mechanic's Liens: Their Legal Power and How to Escape Them
Unfortunately, the shop has the legal right to keep your car until the charges are paid for. No matter what your reason is for not settling the bill, you might be facing a mechanic’s lien against your vehicle if you don’t pay the mechanic.
Vehicle Surety Bonds 101: How They Work and All the Risks
While some surety bonds are based on your credit, a lost title surety bond is based strictly on the value of your vehicle. Most states require your bond value to be 1.5 to 2 times the vehicle’s value as determined by the DMV. You will only be required to pay this if someone else makes a successful claim against your bond.
What is a Vehicle Lienholder? How Does a Car Loan Affect a Car Title?
A lienholder is the lender that owns your car or other property. Basically, they have the legal claim to your property because they gave you the money to buy it – until then, it’s theirs.
Bonded Car Titles: What Are They? Is This the Right Option?
Technically, a bonded title is considered to be a provisional document. Some states allow the bonded title to be challenged up to several years after the issue date, so if there is any chance you don’t own the vehicle outright, you need to know how long that window is in your state.
Yes, It Is Possible to Get Out of a Car Title Loan. Here's How.
Even if you play by the rules and make your payments on-time, some shady title loan businesses will hit you with hidden fees, penalties, or high interest rates.
Selling a Vehicle With a Lien Is Not a Good Idea
When your car has a lien, the lienholder has all the legal rights to your vehicle’s title. For all intents and purposes, that means the lienholder owns your car. That might be the bank, the IRS, or even a mechanic’s shop.
What is a Car Title Lien? How to Avoid Getting Scammed.
A title lien could come from a loan, unpaid mechanic work, an IRS action, or even a family court settlement.
Hidden Liens on a Car Title: What They Are and How to Spot Them
If the previous owner had an outstanding car title loan before selling it to you, you could be liable! This can be fixed very easily.
Here's How to Tell if a Vehicle Is Stolen or Has Liens
A little caution goes a long way. Here’s how to tell if that shiny new car is stolen or belongs to the bank.