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Post by sfmopar on Jun 7, 2012 1:23:24 GMT -5
Ive got a guy trying to sell me a car with a lien on it.
its a payday loan deal place, its a real Wisco title and he HAS signed the back of it. (not dated)
Can I easily junk it in Wisco or ILL ( a dif state ) would one state be easier ?
I dont need to put it on the street so it doesnt need to be re- titled. ever
after demo can it be easily junked ?
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Post by homer2 on Jun 7, 2012 8:26:45 GMT -5
Do you have the title?
I don't know how you could if there is a lien on it.
Unless the loan place is making loans and not keeping the titles, Not smart on their part.
I think you could junk it. Just not legally.
Homer
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Post by Comet Cyclone on Jun 7, 2012 8:37:09 GMT -5
First how old is the car? Sencond I have in NY liens on title but cars were usually 95 or older.Kind of like whould would put collect on a lien of a car that old.But I was also told lien wasn't active.
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Post by sfmopar on Jun 7, 2012 9:03:21 GMT -5
85 G.M.
homer, its a genuine wisco title w the owners name, and lower on the title its has printed :
Lien holder : payday loans and a wisco town
price is right, of course b/c it can not b registrd/ until debt is paid.
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Post by dave386 on Jun 7, 2012 10:47:17 GMT -5
I would scrap it but I wouldnt have put on the internet I was going too. I would buy it with no title and write up some kind of contract with the owner to save yourself just in case.
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Post by sfmopar on Jun 8, 2012 13:22:37 GMT -5
thanks dave.  IF i do scrap it , a bud of a bud of a bud is going to deal w this one lets just say several scrapers quoting a price over the phone really have no problems accepting items. whole even.   |
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6d
Rookie
Posts: 11
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Post by 6d on Jun 18, 2012 18:09:21 GMT -5
they should have signed under "releace of lien"
i had a problem whrere the lien holders signed under signiture of seller and the "owner" didnt lokts of paperwork involved in getting that fixed..if you where to drive it
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