B
Bunovitch
Guest
Minnesota
I recently had some work done to my car which resulted in expenses I was unable to pay all at once. The mechanic agreed to let me pay on a monthly basis after putting a mechanic's lien on the car while I retained the use of my car. I have been paying the agreed upon (in writing) payment faithfully; I recently had to bring the car to him once again, thinking that it was something related to what he had already done (the engine was practically reworked in full) While my car was there, the shop sustained a fire, although my car was not damaged in the blaze. Now the mechanic is hurting for money until his insurance comes through and what he wants me to do in order to retain use of the car again is to place him on the title as a lien holder for the amount that I owe him for the repairs. He said upon completion of paying for these repairs he would give me a lien release. He said he wants to do this so he can borrow money from the bank to offset the cost of financing me because his cash flow has been severely depleted due to the fire.
The guy seems to be trustworthy, but I'm by nature a little skeptical of situations like this so I wanted if anyone with much more expertise on this subject could tell me if this is legal or if this is something that I *should* agree to?
I recently had some work done to my car which resulted in expenses I was unable to pay all at once. The mechanic agreed to let me pay on a monthly basis after putting a mechanic's lien on the car while I retained the use of my car. I have been paying the agreed upon (in writing) payment faithfully; I recently had to bring the car to him once again, thinking that it was something related to what he had already done (the engine was practically reworked in full) While my car was there, the shop sustained a fire, although my car was not damaged in the blaze. Now the mechanic is hurting for money until his insurance comes through and what he wants me to do in order to retain use of the car again is to place him on the title as a lien holder for the amount that I owe him for the repairs. He said upon completion of paying for these repairs he would give me a lien release. He said he wants to do this so he can borrow money from the bank to offset the cost of financing me because his cash flow has been severely depleted due to the fire.
The guy seems to be trustworthy, but I'm by nature a little skeptical of situations like this so I wanted if anyone with much more expertise on this subject could tell me if this is legal or if this is something that I *should* agree to?