Carfax/Autocheck question
08-06-2003, 09:17 PM
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Carfax/Autocheck question
I'm trying to buy a 964 and have ordered Autocheck reports (published by Experian) but I'm not sure what to make of the different titles shown in the Full History section of the report.
I assume this means that every time a car changes ownership a new title is generated (but I guess this could also be an indication of an application for new title if a previous one was lost by the same owner)?
Basically, I'm trying to understand how many previous owners the car had. Also, I've found one with a "Lein Reported". Wouldn't this simply be a report of a collateralized interest in the car (by, say, the financing bank)? Or might it be something more onerous like a mechanic's lein?
Unfortunately, Autocheck doesn't give much detail nor explanation of such events. I'd greatly appreciate any advice or insight!
I assume this means that every time a car changes ownership a new title is generated (but I guess this could also be an indication of an application for new title if a previous one was lost by the same owner)?
Basically, I'm trying to understand how many previous owners the car had. Also, I've found one with a "Lein Reported". Wouldn't this simply be a report of a collateralized interest in the car (by, say, the financing bank)? Or might it be something more onerous like a mechanic's lein?
Unfortunately, Autocheck doesn't give much detail nor explanation of such events. I'd greatly appreciate any advice or insight!
08-06-2003, 09:22 PM
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A lien in most cases means a loan is outstanding with the car as collateral. Title will change when there is a change in ownership. Through the sale of the vehicle or the fulfillment of a loan or a gifting.
