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  1. #1
    dcoul is offline Junior Member
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    Found lean on my car

    What is the name of your state (only U.S. law)?

    I live in Calgary, Canada. I bought a car two years ago from a private seller for $4,400. Trying to trade it in now at a car dealer, they enquired and came back to me telling me there is a lean for $5,000+ on my car, from a financing company in Texas. The vehicle's value now would be $1,000.

    Is there a risk that the car dealer's enquiry trigerred the financing company's system and that they come after me now?

    If so, is it the vehicle only I risk losing or could they come after me for the difference, knowing that the vehicle's value is low?

    Am I stuck with that car until I take it for destruction? And would they take it?

    What is my risk and how can I get out of this situation? I don't dare calling the financing company to not flag myself as the owner of the vehicle.

    Thanks
  2. #2
    seniorjudge is offline Senior Member
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    Was this lien put on the car in Texas?
    There are two rules for success:

    (1) Never tell everything you know.
  3. #3
    Zigner is offline Senior Member
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    Quote Originally Posted by dcoul View Post
    What is the name of your state (only U.S. law)?

    I live in Calgary, Canada. I bought a car two years ago from a private seller for $4,400. Trying to trade it in now at a car dealer, they enquired and came back to me telling me there is a lean for $5,000+ on my car, from a financing company in Texas. The vehicle's value now would be $1,000.

    Is there a risk that the car dealer's enquiry trigerred the financing company's system and that they come after me now?

    If so, is it the vehicle only I risk losing or could they come after me for the difference, knowing that the vehicle's value is low?

    Am I stuck with that car until I take it for destruction? And would they take it?

    What is my risk and how can I get out of this situation? I don't dare calling the financing company to not flag myself as the owner of the vehicle.

    Thanks
    What was the name of your state again?
    (There are only 50+2 acceptable answers and Calgary ain't one of them)
  4. #4
    seniorjudge is offline Senior Member
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    Quote Originally Posted by Zigner View Post
    ...
    (There are only 50+2 acceptable answers and Calgary ain't one of them)
    ...
    I respectfully disagree: The CORRECT and ACCURATE legal answer is ---

    (There are only 50+2 acceptable answers and Calgary ain't one of them, eh.)
    There are two rules for success:

    (1) Never tell everything you know.
  5. #5
    Zigner is offline Senior Member
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    Quote Originally Posted by seniorjudge View Post
    I respectfully disagree: The CORRECT and ACCURATE legal answer is ---

    (There are only 50+2 acceptable answers and Calgary ain't one of them, eh.)
    Wow - it took me 3 times of reading that before I caught it. Thanks for the correction!
  6. #6
    TigerD is offline Senior Member
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    lol ... I am obviously not a lawyer - it took me five times of reading to catch that.

    But I would counter that this is a question of US law as it details collections from a Texas company regarding a car that was permanently removed from the country, which I am sure was a breech of the contract and possibly a criminal offense(?) and is going to result in an unpleasant experience for the OP.

    DC
    Last edited by TigerD; 11-05-2008 at 04:41 PM.

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