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What is a lien on a car?

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A car insurance calculator will ask about liens before offering suggestions about coverage. An auto lien is a claim on your vehicle by another party. A car insurance calculator will ask about liens before offering suggestions about coverage. read more

A car lien is an interest in the car that the owner grants to another party (such as a bank, financial institution, or other party), usually as security or collateral for a debt, until such debt has been discharged. read more

With car loans, the lender usually files for a lien with the state department of motor vehicles (DMV), which creates a public record. In some cases, besides being the lienholder, the auto lender may also hold the vehicle title. When the loan is paid off, the car lien is released. read more

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Ford Motor Credit Company Lien Release - impremedia.net
Source: impremedia.net