Learning The “Secrets” of
**Understanding Auto Liens and Their Impact on Vehicle Ownership** An auto lien is a legal claim placed on a vehicle by a lender or another party to secure payment of a debt. When someone purchases a car through financing, the lender typically holds the lien until the loan is fully paid off. This means the lender has a legal right to repossess the vehicle if the borrower fails to meet their payment obligations. While the borrower can use the car during the loan term, the lienholder’s interest in the vehicle…
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