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What does "clean title history" mean?

Frequent Contributor

What does "clean title history" mean?

What does "clean title history" mean?
Message 1 of 7
6 REPLIES
Frequent Contributor

Re: What does "clean title history" mean?

What would be a derog for the title? Missing a payment on the account? I am still clueless as you can see Smiley Happy
Message 2 of 7
Valued Contributor

Re: What does "clean title history" mean?

No lien holders.


ETA: Sorry I miss read your post earlier!

Message Edited by jaybee on 05-31-2008 09:59 AM
If at first you don't succeed... hang up and try again!!
Message 3 of 7
Frequent Contributor

Re: What does "clean title history" mean?

What is a lien holder ?Now you really know how clueless I am. I am hoping that since I don't know what one is, that I don't have one. Smiley Happy
Message 4 of 7
Super Contributor

Re: What does "clean title history" mean?

Insurance company could be a lean holder as well as the OC.
 
Also if you put your car up for collateral on a loan.
 
Tax lean?? 
01/23/2018: FICO 829 EQ 827 TU 831 EX
Message 5 of 7
Established Contributor

Re: What does "clean title history" mean?



ace9848 wrote:
What is a lien holder ?Now you really know how clueless I am. I am hoping that since I don't know what one is, that I don't have one. Smiley Happy


Lien holder is any entity that may have an interest in the vehicle. Usually this is the financing company of the vehicle. Once the vehicle is paid off the financing company releases it's lien and you have what is called a "Clean title". A clean title is basically where you're the registered owner as well as the legal owner of the car. When you are financing a vehicle, and a lien holder is on the title, you are merely the registered owner, and the lien holder is the "legal owner" of the vehicle. That's how when you default on an auto loan a company can repo the vehicle because they are the legal owners of said vehicle. Hope that helps.
Message 6 of 7
Senior Contributor

Re: What does "clean title history" mean?



ace9848 wrote:
What does "clean title history" mean?





As others have posted, it means no outstanding lens on the title. It also means various problems are not present, such as a "salvage" title. When shopping for a used car, you should always run the VIN (Vehicle Identification Number) of any car you test drive through www.carfax.com
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
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Message 7 of 7