If you’re in the market for a used car and you’ve looked at cars that ... Make sure you understand what the lender expects to release the lien. Arrange for the lien to be paid directly as ...

Whether you need to move on from an unreliable car or want to drive a vehicle with ... There's no waiting for the bank to send a lien release or heading to the DMV for a title transfer.

If there is a default on the loan, the lienholder could repossess the car. So, in effect, it is being rented from the lienholder, who owns it until the loan is paid and a lien release is issued.