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  2. Mechanic's lien - Wikipedia

    en.wikipedia.org/wiki/Mechanic's_lien

    A lien against a vehicle that is asserted by an auto mechanic is technically an "artisan's lien" rather than a "mechanic's lien", but it operates in a similar fashion to a mechanic's lien. A mechanic's lien can only arise against real property i.e., land or buildings.

  3. How To Buy a Car from Someone with a Loan - AOL

    www.aol.com/finance/buying-car-lien-purchase...

    All loans on a car with a lien must be paid off before the seller can transfer clear title to you to complete the transaction. Check Out: 6 Unusual Ways To Make Extra Money (That Actually Work)

  4. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    For example, in many jurisdictions a mechanic who repairs a car benefits from a lien over the car for the cost of repairs. This lien arises by operation of law in the absence of any agreement between the parties. Most security interests are granted by the person who owns the property to secure their own indebtedness.

  5. Lien - Wikipedia

    en.wikipedia.org/wiki/Lien

    dragnet lien (United States)—a lien that is enlarged to cover any additional credit extended to the debtor to the same creditor. environmental lien—a charge, security, or encumbrance on a property's title to secure payment of cost or debt arising from response actions, cleanup, or other remediation of hazardous substances or petroleum products.

  6. Secured loan - Wikipedia

    en.wikipedia.org/wiki/Secured_loan

    A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults , the creditor takes possession of the asset used as collateral and may ...

  7. Gap insurance - AOL

    www.aol.com/finance/gap-insurance-174430008.html

    That may be far less than the difference between your car’s value and what you owe in case of a major accident. Gap insurance for leased cars. Like any car or SUV, leased vehicles depreciate ...

  8. How to Trade In a Financed Car: Everything You Need to Know - AOL

    www.aol.com/trade-financed-car-everything-know...

    For premium support please call: 800-290-4726 more ways to reach us

  9. Preliminary Notice - Wikipedia

    en.wikipedia.org/wiki/Preliminary_Notice

    In Mechanics lien law a Preliminary Notice (also known as a Notice to Owner, Materialmens Notice to Owner, Notice of Furnishing, Contractor/Subcontractors Notice to Owner, and others) is a notice sent by the general contractor, subcontractor, materialmen, equipment lessors or other parties to a construction project not to create a Mechanics lien but rather to establish the right to file a ...

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