If I buy a vehicle and the title has a lien that hasn't been cleared up can they come after me?

Question

will the bank see a repossesion through, even if they have to come to me. I bought this ca fair and square, but knew it had a lien on it. can the bank come and repossess my car, how will they even know where I live and where the car resides?

Answer 1

When you purchased the car, the money you gave to the seller should've went to paying off the lien. As for the bank repossesing the car, I'm not sure, but I think they can - still, might want to talk to a lawyer. They'll know where you live when you register the car, have it smogged, get a ticket, etc... all the dmv info is accessible by the bank.

Answer 2

You should never have bought a car that the seller still owed money on. You didn't buy it fair and square -- or the seller didn't sell it to you fair and square.

You can't register the car in your name and it doesn't belong to you without a clean title.

Assuming the seller has stopped making payments on it, his loan company will come after the car and make him pay off his loan.

Answer 3

If the vehicle has a lien, it didn't belong to the person who sold it to you, it belongs to the bank, and yes indeed they can and will come and get their vehicle.

They will know where you live when you attempt to register the vehicle in your name.

Answer 4

Have you checked with the DMV? You do have to register the car in your name or the cops will think its stolen.

Answer 5

The person who sold you the car cant sell it ,it wasn't his to sell until paid for. You now own a car you cant register because of the lien.Yes they can repo it if they can find it. Its not your car either as it belongs to the finance co. If they repo it you will lose the money you paid for it. Yes they can come after you for having a car in your possession that don't belong to you.Best try and get your money back and return it or go to the finance co or police and give it back and see if theres a small chance this can be corrected.................UJN

Answer 6

Yes, they will come and repossess your car....the registration on your vehicle states your name and address.

Answer 7

They won't come after you, they'll come after their car.  If they can find it.  You don't owe them any money, just the car.

You're basically a thief, since you took their car without asking them.  The idea that you bought it "fair and square" is just a flimsy, self-serving rationalization, obviously.  If you didn't pay them for their car, then you stole it.

Answer 8

Once you register it...they have your address...and yes they can come and get your car. I suggest you contact the lean holder and work out a payment plan with them so they don't take your car away when you least expect it.

You may have thought you were getting a good deal...but it may end up costing you more than a new car cost.

Answer 9

they may repo the car, and you may loose out al-together, but, the seller stands to loose alot, lot more for selling the car to begin with, knowing there is a lean on it, good luck, its a bad move on your part.