Lien question?

Question

I'm not finished paying for my car yet. Does that mean that there is a lien on my car?

Answer 1

yes,the bank still owns the car.till paid in full.

Answer 2

Yes, who ever you make payments to, is your lein holder.

Answer 3

Yes. This means you cannot sell it and you are required to carry full coverage insurance on it.

Answer 4

Yes, the lender has a lien and when you pay off the loan, they will release interest on the title, and a new title will be generated in your name only, with no lien.

Answer 5

Yes, Whoever you make payments to is the lienholder. They are also listed as lienholder on the title.

Once the car is paid in full, they will release the lien and you will be the only owner listed on the title