Have you ever been in a situation where you’ve found the perfect car, but it has a lien on it? If so, you’re not alone. A lien is a legal claim that a lender places on a vehicle’s title indicating the owed amount for debt or unpaid bills. It’s quite common to find cars with liens in the market, so if you’re interested in buying one, it’s essential to know precisely what you’re getting into.
If you’re wondering if a lien is the same as a loan, the answer is no. A loan is the money borrowed to pay for the car, while a lien is a financial encumbrance that makes sure you pay back the loan that you owe. In simpler terms, a lien is a right to keep possession of your vehicle until you pay what you owe.
Depending on the state you reside in, there may be different laws regarding purchasing a car with a lien. For example, in New York, you can sell a vehicle with a lien, but you’ll need to follow some legal steps. On the other hand, California has specific rules on how a lien sale works. It’s best to check your state’s laws before proceeding with a car purchase with a lien.
One of the first things you’ll need to do before deciding to buy a car with a lien is to check if the vehicle has one. It’s always best to be aware of any liens before making a purchase. There are ways to check whether a car has a lien for free, and it’s crucial to do so to avoid any legal complications later on.
If you’re wondering whether you can register a car with a lien on the title, the answer is yes, but it will depend on the state’s existing laws. However, buying a car with a lien comes with its risks. What happens if you have bought the vehicle, and you realize there’s a lien on it when it’s time to register it? What should you do?
It’s also important to note that someone may sell you a car with a lien on it without telling you. To protect yourself when buying a car with a lien, there are essential steps you can take, such as conducting a vehicle history check and ensuring the seller signs a lien waiver.
Additionally, if you find yourself in a situation where the company that placed the lien on the vehicle no longer exists, getting a lien release may seem challenging or even impossible. However, don’t panic. There are specific steps you can follow to get a lien release from a company that no longer exists.
In conclusion, buying a car with a lien can seem like a daunting task, but with the right knowledge and preparation, it can be a smooth process. By understanding what a lien is, the laws surrounding it in your state, and how to protect yourself when buying a car with a lien, you’re on your way to owning your dream car without any legal surprises.
Can You Buy a Car with a Lien on It
If you’re in the market for a car, you may have come across ads for vehicles with liens on them. A lien on a car means that the current owner owes money on the vehicle, which can raise some red flags for buyers. So, can you buy a car with a lien on it? Let’s find out.
Understanding the Basics of Liens
First, it’s essential to understand what a lien is and how it can affect your purchase. A lien is a legal claim on a property used as collateral for a loan. In the case of a car, a lien holder can repossess the vehicle if the owner fails to pay back their loan. If you buy a car with a lien on it, you’ll need to deal with the lien holder before you can own the vehicle outright.
Steps to Take When Buying a Car with a Lien
If you’re interested in purchasing a car with a lien, there are several steps you should take to protect yourself:
- Get a vehicle history report: This report will provide details about the car’s ownership, accidents, repairs, and any outstanding liens.
- Confirm the lien holder: Contact the lien holder and ask them to provide details about the lien, including the outstanding balance and any fees associated with transferring the title to you.
- Agree on a purchase price: Negotiate the price of the vehicle based on the outstanding balance of the lien and any other relevant factors.
- Work with a reputable dealer: Buying a car with a lien can be complicated, so it’s best to work with a trusted dealer or mechanic who can guide you through the process and ensure you’re not being scammed.
Risks of Buying a Car with a Lien
Buying a car with a lien comes with some risks, including:
- Legal issues: If the lien holder is not aware of the sale or does not approve of it, you could face legal trouble down the road.
- Unexpected costs: You may need to pay additional fees for transferring the title and satisfying the lien, which can add up quickly.
- Condition of the vehicle: The previous owner may not have maintained the vehicle appropriately due to financial difficulties, resulting in costly repairs and maintenance in the future.
Buying a car with a lien on it is possible, but it’s essential to proceed with caution and take the necessary steps to protect yourself. Remember to do your due diligence and work with a reputable dealer or mechanic to ensure a smooth transaction. By following these steps, you can buy a car with a lien on it and still drive away with peace of mind.
Is a Lien the Same as a Loan
If you are looking to buy a car with an outstanding lien, you might be wondering what a lien is and if it’s the same as a loan. Let’s find out.
What is a Lien
A lien is a legal claim that a creditor has on a property to secure the repayment of a debt. It’s like an invisible rope that ties the property to the creditor until the debt is paid off. In the case of a car, a lienholder is the party that has a financial interest in the vehicle until the debt is settled.
What is a Loan
A loan is an amount of money borrowed by one party from another party with the promise to pay back that money, usually with interest. There are different types of loans, and you might use them to finance the purchase of a car, a home, a business, or other goods and services.
Are a Lien and a Loan the Same Thing
No, a lien and a loan are not the same thing. A loan is the agreement to receive money, while a lien is the legal claim that secures the creditor’s interest in the asset.
Here are some key differences between a lien and a loan:
- A lien is a legal claim while a loan is an agreement to receive money.
- A lien is the security interest that a creditor has on a property while a loan is debt that the borrower has to repay.
- A lien does not necessarily involve money changing hands while a loan does.
- A lien does not have to be paid off in full to remove it while a loan does.
How Does a Lien Affect Buying a Car
If you are trying to buy a car with a lien, you might be able to do so, but you need to take certain precautions to avoid any legal or financial problems. Here are some key takeaways to keep in mind:
- It is possible to buy a car with a lien, but you need to make sure that the lien is settled before you take ownership of the car.
- The lienholder has to sign off on the sale, releasing their interest in the vehicle after the debt has been paid.
- You need to get a lien release document from the lienholder to prove that the lien is paid off before you register the car in your name.
- You should always check the car’s history report to make sure that there are no outstanding liens, as they might affect your ownership rights.
In conclusion, a lien and a loan are not the same thing, and it’s essential to understand their differences if you are considering buying a car with a lien. By taking the necessary steps to clear the lien and get a lien release document, you can avoid potential headaches and enjoy the ride in your new car.
Can I Sell a Car with a Lien in New York
If you’re considering selling a car that still has a lien on it, you’ll need to take extra steps to ensure a smooth and legal transaction. In New York, there are specific rules and regulations you’ll need to follow.
Understand the Lienholder’s Role
When you take out a loan to buy a car, the lender becomes the lienholder. They have a legal claim on the car until you pay off the loan. If you try to sell the car, they have the right to collect the outstanding amount from the sale.
Steps to Sell a Car with a Lien in New York
Here are the steps you’ll need to follow to sell a car with a lien in New York:
Check the payoff amount: Contact your lender to get the current payoff amount for the car loan. This is the amount you’ll need to pay off before you can sell the car.
Determine the car’s value: Use resources like Kelly Blue Book, NADA, or Edmunds to determine the car’s value in the current market.
Sell the car: Once you find a buyer, the buyer will need to pay you the purchase price. You’ll then use the funds received to pay off the loan. If the purchase price is less than the loan balance, you’ll need to come up with the difference on your own.
Transfer ownership: Once the loan is paid off, you’ll need to transfer ownership to the new owner. This involves signing over the title to the new owner.
Consider Using a Escrow Service
If you’re selling a car with a lien, consider using a reputable escrow service to help with the transaction. This can help ensure that both you and the buyer are protected throughout the process.
Selling a car with a lien in New York can be a complicated process, but with the right preparation and approach, it can be done. Always ensure that you follow the proper legal procedures and work with trusted professionals to make the process as smooth and stress-free as possible.
Can You Buy a Vehicle with a Lien on it
If you’re in the market for buying a used car, one of the things you might come across is a vehicle with a lien on it. To put it simply, a lien is a legal claim against the car by an individual or institution that states the vehicle’s owner owes them money for something related to the car, like an outstanding loan or unpaid repairs.
At first glance, purchasing a car with a lien on it might seem like a risky proposition. After all, you’d be taking on someone else’s debt and potentially face consequences like repossession if the lien isn’t resolved. However, the truth is that buying a car with a lien on it can sometimes be a perfectly legitimate and safe transaction. Here are some things to keep in mind if you’re considering buying a vehicle with a lien on it:
Confirm the Lien Status
Before you even think about buying a car with a lien on it, you need to know exactly what you’re dealing with. Start by asking the seller about the lien and requesting documentation to prove it. You should be looking for the following:
- The lienholder’s name and contact information
- The amount of the lien
- The reason for the lien (e.g., loan, repair bill, etc.)
- The date the lien was put on the car
You can also check with your state’s Department of Motor Vehicles (DMV) to see if any liens are listed on the car’s title. Keep in mind that liens can change or be lifted over time, so it’s important to have the most up-to-date information possible.
Consider Your Payment Options
If you’ve confirmed that there is a lien on the car and you still want to buy it, you’ll need to figure out how to pay for it. You have a few different options:
- Pay off the lien balance yourself: If you have the funds, you can pay the lienholder directly and then purchase the car from the seller. This can be a good option if you can negotiate a lower price for the car based on the lien.
- Finance the car with the lien included: If you’re unable to pay off the lien balance upfront, you may be able to qualify for a loan that includes the lien amount. However, keep in mind that this will likely increase your interest rate and monthly payments.
- Have the seller pay off the lien: Another option is to negotiate with the seller to have them pay off the lien balance before selling you the car. This can be a good option if the seller is motivated to sell quickly or doesn’t want to deal with the lien any longer.
Complete the Sale Correctly
Once you’ve worked out the lien issue and payment options, you need to make sure you complete the sale correctly to protect yourself. Here are some things to keep in mind:
- Get a bill of sale: This document should include the car’s make, model, year, and VIN, as well as the purchase price and date. Both you and the seller should sign and date the bill of sale.
- Get a lien release: Before you take possession of the car, make sure the lienholder has released their claim on the vehicle. This usually involves paying off the lien balance and getting a lien release document from the lienholder.
- Register the car: Once you’ve completed the sale, make sure you register the car in your name with the DMV. This will protect you legally and ensure that any future liens or issues with the car are correctly attributed to you.
Buying a car with a lien on it can feel overwhelming, but the key is to do your research and proceed carefully. By confirming the lien status, considering your payment options, and completing the sale correctly, you can potentially save money on your purchase without taking on undue risk. Just remember to always protect yourself by getting the necessary documentation and working with reputable sellers.
How does a lien sale work in California
If you are planning to purchase a car in California and are wondering how the process works when buying a vehicle with a lien on it, this section will get you covered. A lien is a legal term that represents a lender’s right of ownership over someone’s asset, usually a car when a borrower fails to pay back a loan. If a car has a lien on it, it means that the lender has the right to seize the vehicle if the borrower fails to make payments on the loan. Therefore, as a buyer, you need to understand the lien sale process in California to avoid any legal issues and potential financial losses.
What is a lien sale
A lien sale, also known as a vehicle repossession sale, is a legal process used by a lender to repossess a vehicle from a borrower who has defaulted on their car loan payments. Once a lender repossesses a vehicle, it is sold at an auction to cover the debt amount owed by the borrower. In California, lenders have the legal right to initiate and carry out a lien sale on a vehicle if the borrower fails to make payments for 90 days.
How does the lien sale process work
Here are the steps involved in the lien sale process in California:
Issuance of Notice of Intent to Sell: The lender needs to notify the borrower and other interested parties, such as the DMV, the owner of the vehicle, and any other lienholders, of their intention to sell the vehicle at a lien sale. The Notice of Intent to Sell must be sent to the borrower by registered mail to their last known address.
Waiting period: Once the lender sends the Notice of Intent to Sell, they must wait for at least ten days before proceeding with the lien sale.
Publication of Notice of Sale: At least five days before the sale, the lender must publish a Notice of Sale in a newspaper of general circulation in the area where the vehicle is located. This notice must include information about the sale, such as the date, venue, and terms of the auction.
Auction: On the date set for the sale, the lender auctions the vehicle to the highest bidder. The money earned from the sale is first used to pay off the debt owed by the borrower, and any remaining amount is returned to the borrower.
What happens after a lien sale
After a lien sale, the buyer receives a lien sale paperwork package that includes a Bill of Sale, Verification of Vehicle, and a Notice of Release of Liability. The buyer can then take these documents to the DMV to register the vehicle in their name.
Understanding how a lien sale works is crucial when buying a car in California. As a buyer, you need to keep an eye out for any potential liens on a vehicle before making a purchase. If you are buying a vehicle with a lien on it, ensure that you familiarize yourself with the lien sale process in California to avoid any legal complications down the road.
How to Check if a Car Has a Lien for Free
If you’re planning to buy a used car, it’s important to check if there are any liens on it. A lien is a legal claim to a vehicle that is used to secure payment for a debt. If there is a lien on a car you’re considering buying, it means that the previous owner still owes money on it, and it could affect your ownership of the vehicle. In this subsection, we’ll discuss how to check if a car has a lien for free and avoid potential problems down the road.
Car Title Check
A car title is a legal document that shows ownership of a vehicle. It contains important information such as the make, model, year, and Vehicle Identification Number (VIN). You can check if a car has a lien by examining its title.
Here’s how to do it:
- Ask the seller to provide you with a copy of the car title.
- Look for any outstanding liens or encumbrances listed on the title.
- Verify that the information on the title matches the information on the car.
Online Vehicle History Reports
If the seller cannot provide you with a copy of the car title or if you’re still unsure if there’s a lien on the vehicle, you can use an online vehicle history report.
There are several websites that offer free or paid vehicle history reports, including:
- National Motor Vehicle Title Information System (NMVTIS)
Here’s how to get a free vehicle history report:
- Go to the NMVTIS website.
- Click on “Vehicle History” and enter the car’s VIN.
- Review the report for any outstanding liens or other issues.
Note that a free vehicle history report may not be as comprehensive as a paid report, but it can still provide you with valuable information about the car’s history.
Contact the Lienholder
If you’re still unsure if there’s a lien on a car, you can contact the lienholder directly to verify.
Here’s how to do it:
- Ask the seller for the name and contact information of the lienholder.
- Contact the lienholder and provide them with the car’s VIN.
- Ask them if there are any outstanding liens on the vehicle.
If the lienholder confirms that there are no liens on the car, you can proceed with the purchase.
- Checking if a car has a lien is essential when buying a used car.
- You can check the car’s title, use an online vehicle history report, or contact the lienholder to verify if there are any liens on the car.
- A free vehicle history report may not be as comprehensive as a paid one, but it can still provide valuable information.
- Contacting the lienholder directly is the most accurate way to verify if there’s a lien on a car.
- Be sure to double-check the car’s VIN and other information to ensure accuracy.
Can I Register a Car with a Lien on the Title
If you’re planning to buy a car with a lien, you must know that registering such a vehicle in your name comes with specific challenges. Lien means that the previous owner still owes money on the car, and the lender has a claim on it until they clear the debt. Therefore, you need to handle the registration process with care to avoid any legal complications.
Here are some essential things to consider when registering a car with a lien on the title.
Check the State Laws
Each state has different laws regarding car registration with a lien. Some states allow registration without paying off the lien, while others require full payment before registering the vehicle. Therefore, it would be best to check your state’s specific laws and regulations to avoid any legal problems.
Get the Right Documents
To register a car with a lien, you must have the right documents. These include the car title, lien release certificate, and a bill of sale or purchase agreement. The lien release certificate proves that the previous owner has paid off the debt, and you’re now the rightful owner of the vehicle.
Follow the Correct Procedure
The process of registering a car with a lien is quite straightforward, but it varies from state to state. However, here is a general procedure you can follow:
- Fill out the registration application form
- Submit the lien release certificate and bill of sale or purchase agreement
- Pay the necessary fees
- Get the registration certificate and license plates
Consult a Professional
If you’re not sure about any part of the registration process, it’s always best to consult a professional. A lawyer or a licensed car dealer can help you navigate through the legal requirements and ensure that you don’t breach any laws.
Here are some key takeaways to note when registering a car with a lien:
- Check your state’s laws and regulations regarding car registration with a lien
- Have all the required documents, including the lien release certificate and bill of sale or purchase agreement
- Follow the correct registration procedure to avoid any legal complications
- Consult a professional if you’re not sure about any part of the process.
By following these simple yet essential steps, you can register a car with a lien without much hassle. However, you must be cautious and handle the process carefully to avoid any legal problems.
What to Do if You Bought a Car with an Existing Lien
There are instances where you’ll end up buying a car that has an outstanding loan balance or lien on it. It could be a simple oversight, or the seller may have intentionally withheld information about the lien. Regardless of the reason, buying a car with a lien can be stressful and may lead to legal issues if not handled properly. Here are some important steps to take if you find yourself in this predicament:
1. Check Your Purchase Agreement
The first step is to review your purchase agreement to ensure that there was no mention of a lien on the vehicle. If the seller indicated that the car was lien-free, but you discovered otherwise after the purchase, you may have a legitimate case against the seller for misrepresentation. However, if the agreement explicitly stated that there was an existing lien, you’ll need to take further action.
2. Contact the Lender
The next step is to contact the lender that holds the lien on the car. You’ll need to find out how much is owed on the vehicle and if there are any other outstanding balances. Also, find out if the lender is willing to work with you to satisfy the lien and transfer ownership of the vehicle. In some cases, the lender may demand full payment before releasing the lien.
3. Consider Your Options
Once you have a better understanding of the situation, you can consider your options. Here are some possible courses of action:
Negotiate with the seller: If the seller deceived you into buying the car with a lien, you could attempt to negotiate with them for a refund or a lower price.
Pay off the lien: If you’re in a financial position to do so, you could pay off the outstanding balance and take ownership of the vehicle.
Walk away from the deal: If you’re unable or unwilling to pay off the lien, you may need to walk away from the deal and find a different car to buy.
4. Get Legal Advice
If you’re unsure of your legal rights or need assistance in dealing with the lien, you should seek legal advice. An attorney experienced in these matters can advise you on the best course of action.
In conclusion, buying a car with a lien on it can be a tricky situation. Still, by following the steps outlined above, you can potentially resolve the issue with minimal stress and legal ramifications. Remember to always double-check your purchase agreement, contact the lender, weigh your options, and seek legal advice if needed.
Can You Put a Lien on a Car That is Not Paid Off
If you’re interested in buying a car with a lien on it, you might wonder if it’s possible to put a lien on a car that is not paid off. In short, the answer is yes. But there are some things you should know before you do.
Here are some key takeaways to bear in mind:
What is a lien
A lien is a legal claim against a piece of property, like a car. It gives the person or entity holding the lien the right to take possession of the property if certain conditions are met. In the case of a car, the lienholder has the right to take possession of the vehicle if the owner fails to meet their payment obligations.
Can you put a lien on a car that is not paid off
Yes! Lenders typically put a lien on a car when they finance the purchase. The lien gives the lender legal interest in the car until the loan is paid off. But it’s also possible to put a lien on a car that you don’t own if you have a legal claim against the owner. For example, if you’re a mechanic who has done work on a car but hasn’t been paid, you may be able to put a mechanic’s lien on the vehicle. Similarly, if you’re owed child support or alimony, you may be able to put a lien on the other parent’s car.
How does a lien affect the sale of a car
If you’re selling a car with a lien on it, you can’t transfer the title until the lien is satisfied. This means that you’ll need to pay off the loan or come to an agreement with the lender to release the lien before you can sell the car.
If you’re buying a car with a lien on it, you’ll need to be careful. If you buy the car without realizing there’s a lien on it, you could end up losing the car if the owner defaults on the loan. And even if you do know about the lien, you’ll need to make sure you’re protected by including a clause in the sales contract that requires the seller to pay off the lien before transferring the title to you.
What are the risks of buying a car with a lien on it
Buying a car with a lien on it can be risky, so it’s important to do your due diligence before you make a purchase. Here are some potential issues to watch out for:
- The owner could default on the loan, in which case the lender could repossess the car and you could lose your investment.
- The owner might not be willing or able to pay off the loan, in which case you’ll be responsible for paying it off yourself if you want to keep the car.
- The lienholder might have other legal claims against the car, making it difficult or impossible to transfer the title to you.
Putting a lien on a car that is not paid off is possible, but it’s important to be aware of the risks. If you’re buying a car with a lien on it, be sure to do your due diligence and work with a reputable seller who is willing to work with you to ensure that the lien is satisfied before you take possession of the vehicle. And if you’re considering putting a lien on someone else’s car, be sure to talk to a lawyer to understand your rights and obligations.
How to Protect Yourself when Buying a Car with a Lien
When buying a car with a lien on it, it’s essential to proceed with caution and take necessary precautions to safeguard yourself from potential problems. Here are some tips to help you protect yourself:
Check the car’s history report
Before purchasing a car, always review its history report carefully. This report will provide you with vital information about the car’s title, ownership, accidents, and any outstanding liens.
Verify the lienholder’s information
If the seller claims that there’s an outstanding lien on the vehicle, ask for the lienholder’s contact information to verify it with them. Confirm the amount owed and the payment terms, and ensure that paying the lien off would remove it.
Consider using an escrow service
If you’re buying from a private seller or a dealer, you may want to consider using an escrow service to hold the funds until the lien is paid off and the title is transferred. This will help you avoid any potential scams or frauds.
Make sure the lien is released
Before taking ownership of the vehicle, ensure that the lien has been released, and the title is transferred to you. It’s important to keep all relevant documents safe, including the lien release, title, and bill of sale.
Consult a lawyer
If you’re unsure about the legal process involved in buying a car with a lien on it, consult a lawyer. They can provide valuable guidance and ensure that all legal requirements are met.
- Always review the car’s history report carefully.
- Verify the lien holder’s information before proceeding with the purchase
- Consider using an escrow service to hold funds during the transaction.
- Make sure the lien has been released and the title is transferred to you.
- Consult a lawyer if unsure about the legal requirements.
By following these tips, you’ll be able to protect yourself effectively when buying a car with a lien on it. In summary, take your time, do your research, and ensure all legal requirements are met before proceeding with the purchase.
Someone Sold Me a Car with a Lien on It Without Telling Me
Buying a car with a lien on it can be a devastating situation, especially if the seller did not disclose this important detail. Here are some important things you need to know and steps to take if you find yourself in this situation:
Understand What a Lien on a Car Means
A lien is a legal claim on property, including cars. When a lien is placed on a car, it means that the owner owes money to a lender, and the lender has the right to take possession of the car if the owner fails to pay. This also means that the car cannot be sold until the lien is paid off.
Check for Liens before Buying a Car
The best way to avoid buying a car with a lien on it is to do your due diligence before making the purchase. Here are some ways to check if a car has a lien:
- Request the vehicle’s history report
- Conduct a lien search through the DMV
- Hire a professional title search company
Steps to Take if You Bought a Car with a Lien
If you already bought a car with a lien on it without knowing, here are the steps you should take:
- Contact the Seller: Reach out to the seller and ask why they did not disclose the lien. They may be willing to work with you to resolve the issue.
- Speak to an Attorney: Consult with an attorney who specializes in car sales to understand your legal options and rights.
- Contact the Lender: Try to work with the lender to settle the debt or negotiate a payment plan.
- Consider Legal Action: If the seller intentionally misled you or committed fraud, you may have grounds for legal action.
Buying a car with a lien on it can be a nightmare, but it’s not the end of the world. With some knowledge and the right steps, you can still resolve the situation and move on with your life. Always research thoroughly before buying a car, and never hesitate to seek legal advice if you feel you have been wronged.
How to Obtain Lien Release from a Defunct Company in Texas
If you’re in Texas and need to obtain a lien release from a company that no longer exists, don’t panic! You still have options. Here are some steps you can take to release the lien:
Step 1: Check the Texas Secretary of State’s Office
The first step is to check the Texas Secretary of State’s Office to see if the company is still active or dissolved. If the company has filed for bankruptcy, you may have to wait until the court clears the lien. If the company has been dissolved, move to Step 2.
Step 2: Reach out to the Company’s Last Known Location
If the company is dissolved, the next step is to reach out to the last known location if the company’s physical address is different from the records you have. You’ll want to locate and contact the registered agent–the company’s legal representative–who can provide you with some details or a contact that can help you. If you’re unable to contact anyone, proceed to Step 3.
Step 3: Send a Demand Letter
The third step is to send a demand letter to the dissolved company’s last known location and request to release the lien. The letter should include the following details:
- Your full name and contact information
- Your vehicle’s make, model, and year
- The amount of the lien
- A request to release the lien
- A deadline for a response
Be sure to keep a copy of the demand letter for your records.
Step 4: File a Lawsuit
If the demand letter goes unanswered or unsuccessful, you may need to file a lawsuit in a Texas court. The court can issue an order to release the lien and may require a bond or other security to ensure the debt is paid.
Step 5: Hire an Attorney
If all else fails, consider hiring an attorney who has experience in lien release or bankruptcy. They can guide you through the process and provide legal assistance.
Obtaining a lien release from a defunct company may seem daunting, but don’t give up hope. Remember, the steps you take ultimately depend on the specific circumstances. You can- check the Texas Secretary of State’s Office, reach out to the last known location, send a demand letter, file a lawsuit, and hire an attorney. By following these steps, you can release the lien and enjoy the freedom of owning a car without any debts.