Vehicles sold with liens

It is always preferred that vehicles with a lien listed on the title have been paid off and a lien release has been provided, but in an instance where that is not the case, the following requirements are needed.

• Lien on Title – Issuing bank must provide release letter with vehicle VIN# noted, stating it is okay to sell the vehicle.
• The amount owed to the issuing bank will be used as a reserve amount on the lot
• Once sold, 2 checks will be issued. 1 will be sent to the bank for what is owed and the 2^nd will be for the titled owner of the vehicle for the balance of the bid payment.