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a car on copart .com is under "Loan/Lien" does this mean I will owe money? will chose best answer?
11th September 2011
Title says
"02/15/2010 PACIFIC SW REGION 153,427 Auto Auction AUCTION ANNOUNCED AS FLEET/LEASE"
"A loan/lien is the legal right to take and hold or sell the vehicle of a debtor as security or payment for a debt. Normally, a vehicle will have a lien due to a loan or unpaid repair bill against the vehicle. Check with the seller to ensure that the lien has been satisfied."
Its owned by the auction (copart) how can they sell it if its under a loan???
Will chose best answer for any help thanks
Can some one help me to read this vin report?
5th August 2011
What is the Auto Auction in the report? Is it saying that the owner want to sell it through auto auction?
And since Dec. 2007, the mileage grows only less than 100 miles. Say parking for 2 years, will the car be wracked?
Event date Location Odometer reading Data Source Details
07/23/1997 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
08/11/1997 SAINT LOUIS, MO 123 Motor Vehicle Dept. TITLE (Title #:AY889284)
08/07/1998 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
08/10/1999 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
08/08/2001 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
08/01/2003 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
08/02/2005 SAINT LOUIS, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
09/21/2007 MO 69,050 Auto Auction REPORTED AT AUTO AUCTION
09/25/2007 MO 69,050 Auto Auction AUCTION ANNOUNCED AS FLEET/LEASE
12/17/2007 MO 69,086 Auto Auction REPORTED AT AUTO AUCTION
09/09/2008 KANSAS CITY, MO Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL
EXCLUDED/EXEMPT
09/12/2008 KANSAS CITY, MO Motor Vehicle Dept. TITLE (Title #:TMC56303)
EXCLUDED/EXEMPT
New Interstate Auto Auction Auction Reviews Hundreds
14th April 2011
Car auction | Auto auction | Auction car
31st October 2010
Autocheck says auction announced car as fleet/lease?
24th August 2010
I’m looking at an autocheck which says
03/01/2010 PACIFIC SW REGION
43,971 Auto Auction REPORTED AT AUTO AUCTION
03/22/2010 PACIFIC SW REGION
43,971 Auto Auction AUCTION ANNOUNCED AS FLEET/LEASE
The seller said that he is the owner of a private repo company. He repoed the car when the individual who owned it couldn’t pay the car. Why would the car be sold at an auction and then announced as fleet/lease and this was only done a month ago?
I’m very new to this and I don’t understand some of the terms and how the seller’s story correlates with the autocheck?
Can someone please explain to me a possible scenario as to what happened to this car?
thanks in advanced.