Auto Loan Question

Originally Posted by joseZhartford what is a lian holder is it like a second owner? Yes. You obtain a loan from the bank and the bank has a financial interest

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Auto Loan Question

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06-16-2009, 10:09 PM

#18 (permalink)

WShade

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Quote:

Originally Posted by joseZhartford

what is a lian holder is it like a second owner?

Yes. You obtain a loan from the bank and the bank has a financial interest (lien holder) in the vehicle as they own it as well. They hold the title until you pay off the vehicle. Stop paying and they repossess.

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