Automotive

Buying a vehicle with a lien on it

  • Last Updated:
  • Jun 21st, 2018 3:27 pm
[OP]
Newbie
Jun 13, 2018
1 posts

Buying a vehicle with a lien on it

So I'm looking into buying an older vehicle (year 2000) so I went to an Alberta Registry and got a "Vehicle Information Report" on it. The car has been registered several time in Alberta in multiple cities and has 1 lien on it. So I went the next step and got a "Personal Property Registry Search Result Report" by the VIN number. It showed that the vehicle was seized back in December 2006 for a several thousand dollars for Calgary auctions. It also has two creditor(s) and the debtor who is not the current owner of the vehicle (one of the previous owners I am assuming). Since then the car has been registered multiple times throughout Alberta. Should I be worried?

UPDATE: I did some more research and contact the Alberta Government and talked to the same sector that can distributes “Personal Property Registry Search Result Reports”. The person I spoke too told me due to seizure being incredibly old I should contact the “Civial Enforcment Agency” that seized the car to see if they forgot to discharge the vehicle and debtor. So I did and that turned out to be the case and got emailed a copy of the “Report of Discharge”. At this moment I am hoping all is cleared up with the liens.
4 replies
Deal Addict
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May 11, 2009
4034 posts
1027 upvotes
Debtario
Why bother?
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Deal Expert
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May 10, 2005
30589 posts
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Ottawa
M1K3Z0R wrote:
Jun 15th, 2018 11:41 pm
Why bother?
I agree.
It s an 18 year old car. You stated it had several liens against it and your update only mentioned one of them. I suggest you stay away from this one.
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Deal Addict
Apr 5, 2013
3213 posts
809 upvotes
markham
who cares?...its an 18 year old car... seizing a vehicle costs money..depending on how much the lien is for and if its up to date...its probably not worth a seize and sell. bailiffs, tow trucks court orders all cost up front money. chances are with an 18 year old car..they assume it scrap by now.
Deal Fanatic
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Jan 11, 2004
8663 posts
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Toronto
i WOULD pass on the car, unless its a rare care like a NSX or somethng.
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