DESCRIPTION:
Don't run the risk of buying a used car with a lien on it. Buy with confidence and get piece of mind with a Lien Search (Ontario). A lien is placed on a vehicle if there is an outstanding loan (debt) owed to a financing company. A vehicle with a lien on it is owned by the financing company, not the seller. The financing company must get paid first and the seller second. You cannot transfer a vehicle without removing the lien on it.
BUYER:
If a vehicle has a lien on it, get the seller to pay off the loan and provide a lien release letter. Alternatively, you can pay off the loan, get a lien release letter and pay the seller the remaining balance. Create a contract outlining the details of the transaction and pay with a bank draft (paper trail). If the seller does not agree to these terms of condition, walk away. Otherwise, If you buy a vehicle with a lien on it, the vehicle will be repossessed by the financing company at your loss - costing you $1000's!
DID YOU KNOW?
1/3 of vehicles searched in Canada have a lien registered against them. Any vehicle can have a lien on it, including those worth only a few $1000's financed at used car dealerships. Never take the seller for their word, buy with confidence and get piece of mind with a Lien Search (Ontario).
SELLER:
Sell faster (timely) and easier (effortless) with a Lien Search (Ontario). Sell confidently and build trust with customers by proving that you have nothing to hide with a Lien Search (Ontario). Use Lien Search (Ontario) as a sign of good faith and give customers piece of mind who are interested in your vehicle during the sales process.
CHECK INCLUDES:
- The name and address of the person or business (debtor)
- The name and address of the lender (lender)
- The place where the debt is registered (agent)
- The collateral classification (vehicle)
NOTE
- The lien database is operated by the government (ministry).
- The portal closes for updates and security reasons on Sunday and evenings.
- Orders placed on Sunday or evenings after 8pm will be processed 8am next day.
Don't run the risk of buying a used car with a lien on it. Buy with confidence and get piece of mind with a Lien Search (Ontario). A lien is placed on a vehicle if there is an outstanding loan (debt) owed to a financing company. A vehicle with a lien on it is owned by the financing company, not the seller. The financing company must get paid first and the seller second. You cannot transfer a vehicle without removing the lien on it.
BUYER:
If a vehicle has a lien on it, get the seller to pay off the loan and provide a lien release letter. Alternatively, you can pay off the loan, get a lien release letter and pay the seller the remaining balance. Create a contract outlining the details of the transaction and pay with a bank draft (paper trail). If the seller does not agree to these terms of condition, walk away. Otherwise, If you buy a vehicle with a lien on it, the vehicle will be repossessed by the financing company at your loss - costing you $1000's!
DID YOU KNOW?
1/3 of vehicles searched in Canada have a lien registered against them. Any vehicle can have a lien on it, including those worth only a few $1000's financed at used car dealerships. Never take the seller for their word, buy with confidence and get piece of mind with a Lien Search (Ontario).
SELLER:
Sell faster (timely) and easier (effortless) with a Lien Search (Ontario). Sell confidently and build trust with customers by proving that you have nothing to hide with a Lien Search (Ontario). Use Lien Search (Ontario) as a sign of good faith and give customers piece of mind who are interested in your vehicle during the sales process.
CHECK INCLUDES:
- The name and address of the person or business (debtor)
- The name and address of the lender (lender)
- The place where the debt is registered (agent)
- The collateral classification (vehicle)
NOTE
- The lien database is operated by the government (ministry).
- The portal closes for updates and security reasons on Sunday and evenings.
- Orders placed on Sunday or evenings after 8pm will be processed 8am next day.
