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What’s a lien on a motor vehicle? The probabilities you’ll know very well what this means may possibly not be so excellent, nonetheless.

What’s a lien on a motor vehicle? The probabilities you’ll know very well what this means may possibly not be so excellent, nonetheless.

If you’re approved for funding to acquire a car, then you’ll probably encounter the expression “lien.”

A lien on a motor vehicle is like a protect for the financial institution or other party that is interested. Once you sign up for the funding, a lien is made, that is the lender’s right that is legal possession for the vehicle before the financial obligation is paid back.