Second Lienholder

[quincy]

If the 1st lienholder catches wind of this, they can consider it to be a breach of the loan agreement. Just sayin'

Only if the loan payments are not made.

 

[Zigner]

Only if the loan payments are not made.

Any financing agreement I've dealt with prohibits allowing other security interest to be placed on the title and also prohibits exposure of the vehicle to "...seizure, confisication, or involuntary transfer." (Quoted from my recent vehicle purchase, but always similar wording.)