In case you are planning to buy a car from a dealer or an individual, make sure that there isn’t a lien on the car. Though registered car dealers are legally bound to remove liens from used cars, it becomes your responsibility to make sure that there isn’t a lien on the car you are planning to purchase.
In case you don’t know what, a lien is, here is an overview of liens:
What is A Lien?
A lien is the claim of a lender for repayment that is registered against a car. In most of the cases, garages and lenders have the authority to place a lien on a car. These liens stay on the vehicle until the whole debt amount has been paid in full. It must get noted that a car can have more than one lien registered to its name.
Why Should You Search For Liens?
If you buy a car that has a lien registered to its name, you would be calling for a lot of trouble. It is because if the lien is not paid, the secured party may be able to repossess the car from you.
How to Check For A Lien On A Car?
In Canada, you can easily search for liens on cars in various provinces. For instance, a lien search in AB can easily get conducted through enterprises that offer these services. By opting for such services, it would get ensured that the car you are buying is free from any liens.
If you are looking for a lien check in AB, you must visit the Speedy Search website as they are amongst the best in this field, providing results within an hour.
To know more about Lien Check in AB. Please visit our website: speedysearch.ca
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