NirvanaFC wrote: ↑Jul 19th, 2011 12:31 pmCalled the dealer. They say that they have the lien release letter, and they'll show the letter to me when I pick-up the car today. They'll also write on the bill of sale that I will not be required to pay for any lien. Will that protect me from having to pay the lien in the future?
You have to look at the whole picture.
Will having a bill of sale indicating the lien will be handled by a dealer satisfy a judge in small claims court? Possibly.
Will having a vehicle with a lien, one you are not responsible for according to a bill of sale, cause you any headaches in the future if the lien is not cleared? Possibly.
The question is, do you want the potential headaches in the future while you attempt to prove you aren't responsible for the lien while you drive the collateral for that lien? Do you want to attempt to resell it in 5 years (when the lien hasn't been dealt with) and go through all this? It's not whether you are responsible, it's whether you want the potential headache to deal with it.