What’s the Difference Between Liens and Loans?
What’s the Difference Between Liens and Loans? The main difference between liens and loans is that loans are a form of financing and liens are security guarantees. When financial institutions lend money for a car, they place a lien on the title, which means they technically own the car until the loan is repaid. Loans […]
What Is a Lien on a Car?
What Is a Lien on a Car? A lien on a car is a legal claim against a vehicle by a creditor or lien holder. It gives them an interest in the vehicle until an outstanding debt is paid. It’s most commonly a safety net for financial institutions that provide loans for vehicle purchases. An […]
