Can a car dealer sell a car when there is still a lien with a financial company?

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Can a car dealer sell a car when there is still a lien with a financial company?

I couldn’t get plates due to this.

Asked on March 22, 2012 under General Practice, Ohio

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

A car dealer can legally sell a car subject to an existing lien on it to a third party provided that the buyer is advised in writing of such. If the dealer fails to disclose this important information regarding an exisiting lien on the vehicle to the buyer before the sale, the buyer can cancel the purchase (rescind) and ask for the return of his or her money in exchange for giving the car back to the dealer.


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