![]() You can simply keep the original Arizona vehicle title with the lien release as proof that you own the vehicle outright. In Arizona, you DO NOT need to get a new, lien-free vehicle title-often referred to as a clean title-to transfer the title from the lienholder to yourself. If you do not receive the title you can request an administration hearing with the Arizona Motor Vehicle Division (MVD). You will need to contact the MVD if you need a paper title. Once the the lien has been released you will be notified. When you pay off a lien on your vehicle, the lienholder will send you: Once your car loans are paid off, you'll be able to lift the lien and transfer the car title to your name. If you're moving to Arizona and your vehicle was registered in another state, you are required to apply for a title and register it in Arizona as soon as you become an Arizona resident. If you live in Arizona and purchase a vehicle in the state, you're required to apply for a title within 15 days of purchasing a car. Other examples of lienholders can include: Simply put, if you have a taken out a loan for your car, your lender is the lienholder on your car's title. The lienholder's name will appear on the car title until the time that the buyer pays off his or her car loans in full. Frequently, a lienholder will be a bank or a financial firm. Most commonly, a lienholder is the person or corporation responsible for writing a car loan. Operation of Law liens (linked to court fines and fees).However, other types of vehicles liens do exist, such as: Liens on a car title are mostly associated with car loans. Additionally, if you have a lien on your car, you will not have the authority to transfer the vehicle's title. In the case of a car title, the lien will allow for a lienholder to reclaim the car should the buyer default on his or her loans or fail to satisfy required payments. It typically gives them some leverage over a property buyer. ![]() What Is a Lien?Ī lien is a type of assurance for a property owner that he or she will be paid in full for their property. After paying off your loans, it's possible to remove the lien and transfer the title back to you. In the interim, your car will have a lien placed on its title, which will keep the car in the name of the lienholder. When you finance your car, you don't own it outright until you've completed your car loan payments.
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