A lien is a claim that a lender places on a vehicle for lending money to the vehicle’s owner. This is normal and perfectly legal. For example, when you take out a car loan from the bank to buy a car, the bank will place a lien on the car as security. If you don’t pay back the money you’ve borrowed, the bank can legally repossess the car.
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Are You Buying a Used Car from a Private Seller? Or a Curbsider?
If you’re in the market for a used car and respond to a classified ad from a private seller, make sure they’re not a curbsider. Curbsiders are people who pose as private sellers, but are actually running a business selling cars.
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Used Car Buying Scams to Avoid
How to avoid used car scams? Learn how to avoid used car buying scams, what are curbsiders, and why should they be prevented. Car buying tips from OntarioCars.ca
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