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I am thinking about buying a car at an auto auction, and I know when you buy a car with a lien, you get a title from the DMV with my name and the lien holder’s name, but what if I want to sell the car at a later date? How do I transfer the title since it has both of our names on it?
Is there anyone that understands how buying a car at an auction with a lien works? I would really appreciate any help since the only person that answered obviously has no idea how it works. When you buy a car at auction with a lien you are not responsible for the lien, the only thing linking you to the lien is the title, there is ZERO chance you will have the car taken away or have any link to the debt. Thanks anyways, but please don’t comment unless you have an answer.
Here is a little bit of information, since no one on this answer has any idea what they are talking about, and I don’t want anyone looking at this to get their wrong information about liens at auction: "if you are the highest bidder, you get the auction papers to the car, when u go to the DMV you will register the car as your own, the title will come in the mail and show an existing lien on the car it says the banks name and your name yet, the person who originally requested the auto loan will have to pay for the car even if it is in your possession, so you are not responsible for paying the lien and no one has the authority to take that vehicle away from you as long as you bought it legally in a auction and keep copies of all the auction paper work cause one day you might need it."

If you like the idea of getting a beautiful house for less than ten thousand dollars and cherry condition car for less than three thousand dollars, it is time for you to start checking out the government car auctions. When you start looking into government auto auctions and figuring out what they are all about, you are going to be smacking your forehead and wondering why you didn’t start years ago! Take some time and really think about what your options are going to be at the end of the day. When you want a car for a fraction of the price that you would pay elsewhere, these auctions are great place to begin your search, and with just a little bit luck, you’ll find that your search may end there as well! Find out why so many people head to these auction when they need a new car, and how much you can benefit from just glancing through an auction listing.

The Merchandise
When you go to government car auctions regularly, you will stop being surprised at what shows up. Some of the cars that are present really aren’t worth the money that you would spend on them, but it’s no worse a ratio than you would get going to a used car salesman. On the other hand, you’ll discover that there are plenty of great cars out there as well. While everyone would love to be the person who walks -or drives!- off with a mint condition Ferrari, this is not as likely as getting a great car that will go the distance for a fraction of the price. This is something that you need to pay attention to when you are looking at moving forward. Don’t expect to get the wonderful car that is the talk of urban legend, but do go into it being helpful when it comes to getting you that cheap but highly reliable car that you are going to need when it comes to getting your family through the winter.

Lower Prices
Keep in mind that the thing that is going to be in your favor is the fact that the people doing the selling are not placing a high priority on getting the highest price for it. The sellers are the government who need the storage space and the banks, who want to be able to get at least a pittance of the money that they expended on it. Also keep in mind that things that have been repossessed have also been partially paid for by the time that the bank has taken them over. This can all comes out to the fact that you are getting merchandise that is astonishingly well priced for your needs. As ever, don’t expect miraculously low prices, but the truth is that some people do make out quite well in these exchanges.

Excitement!

Have you ever been to government auctions? You’ll find that there are a number of things that go into making it exciting and even if you are not bidding on anything yourself, it is easy to get swept away. It’s fascinating seeing what is being auctioned off and what is going on when you are looking at the sales, and this is a great way to get out and have some fun. Of course it’s always a good idea to go to a few before you are planning to bid. This will help you figure out what to expect, and how high (or low) the bidding can happen. This is something that can mean a lot when you are looking at getting the results that you need, and at the end of the day, you’ll find that you can move on quite easily. Remember that when you are looking for a great way not to spend money, this might be your activity of choice.

Convenience

When it comes to government car auctions, remember that you are looking going to a place that is very local, or you may not be traveling outside of your own home! Consider what online government auctions are available and see what you can do to do all of your bidding from the comfort of your own home.
Consider what your options are going to be when you are looking at getting your new car from government auto auctions. This can make a difference of several thousand dollars or even more, so don’t miss out on these great opportunities!

I’ve fallen very behind on my car payments these past few months and honestly I feel like one of my best options at this point is to just concede defeat and return the car and wash my hands of the 400/month car payment because at this point, I can hardly afford to put food in my mouth let alone gas in my car and that money (plus the car insurance) would certainly give me a little breathing room until Im a little more settled (I’ve just moved to a different state and a different job).

However, one question: I bought and financed the car in Florida and I’ve recently moved to Maryland. Would I be in trouble or penalized for any reason if they have to take it from my 950 miles away from the place I bought it?

Mind you, I’m not asking how to hide the car from them, avoid paying, avoid repo, or anything. I’ve already admitted this payment is more than I can handle and I am willing and able to let my credit take the hit and hand over my car. My question just is, how would a repossession take place from almost 1000 miles away, and can they penalize me for moving state?

I had continued payments for a little bit after moving so I never bothered to tell them I had moved since I was sending payments by calling in with my debit card information. I wasn’t trying to be evasive, just didn’t think that I had to tell them.
The car isn’t stolen nor will I be hiding it from my car company. I plan on calling them and telling them to come and get it, Im just wondering what the penalty will be if "come and get it" means it’s in Baltimore and the company is in Tampa.

Bought the car new in Washington state and I stopped paying on the car 7 years ago when I asked to see the original note. The banked huffed a little bit in a strongly worded letter but did nothing and never came for the car. I drove it for awhile and now the car has been in the garage because I cant register it in another state (oregon) without a release of lien and title. The incident has dropped off my credit report and the Statute of Limitations is up on the contract. What can I do to get the title from the bank?

thanks in advance

I was laid off and my unemployment checks barely covers my rent and food. I called my auto finance co. and told them I wanted to voluntarily give back my car since I could not afford the payments. (I already know about all the consequences; credit rating, still owe the money, etc.) Before I could give the car back the car broke down while driving and won’t start. It happen to break down on a side street that says no parking. Again I’m broke so I can’t afford to tow anywhere that day. When I finally did get a little bit of cash my car had been towed and I assumed is in an impound lot. Just curious as to what any of you would do in this situation; Get the car out of impound to turn it in or just let it sit and let the finance co. go get it themselves since they technically own it. Or maybe another option? Keep in mind I have NO extra money.

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