CL ad: swb with a lien (not mine)
 

I'd be a bit squeamish about buying anything on lien but where, here is is.

http://boulder.craigslist.org/cto/5309548693.html

I took pics of the step bumper....I want to make one for my swb.

Re: CL ad: swb with a lien (not mine)
 

that's the best deal I've seen in a long time. I wish I could ponce on that. The lien is no problem, you just pay the lien holder rather than the owner

Re: CL ad: swb with a lien (not mine)
 

That's real nice!!!, 292 also. Man I wish I could.

Re: CL ad: swb with a lien (not mine)
 

How do you know it has a lien, did the seller tell you? That looks like a great buy on a short box 4 x 4.

Re: CL ad: swb with a lien (not mine)
 

There's a little info box on the right side of the CL ad.

Re: CL ad: swb with a lien (not mine)
 

I wouldn't worry about it either. you just deal with the lien when you pay for it. Do the deal at the lien holders location.

Re: CL ad: swb with a lien (not mine)
 

Yeah... don't give the seller the cash and *hope* he pays it :lol:

Re: CL ad: swb with a lien (not mine)
 

Doesn't the lien holder,the bank for the most part, keep the title in their possession until the lien is satisfied?

Re: CL ad: swb with a lien (not mine)
 

Depends... some states don't title old vehicles... so, not always?

Re: CL ad: swb with a lien (not mine)
 

Some states actually keep the title while others issue a title which states there is a lien on the vehicle.

Re: CL ad: swb with a lien (not mine)
 

I think the seller wants full price and then new owner pays the lein in addition.

Re: CL ad: swb with a lien (not mine)
 

Why think that? I see nothing stating any of that. If this was the case you'd think the balance on the lien would be posted in the listing. I see $8,500. I think the vehicle costs $8,500. Maybe the lien is $8,500 and the seller just wants it paid ff, or a portion goes to lien holder and the seller gets balance

Re: CL ad: swb with a lien (not mine)
 

With a truck that old most likely there's no lien. That box on the right is not always accurate. What if it said Diesel and it shows a gas motor? Or it said Automatic and the ad says stick shift? I have seen a lot of Dodge Ram Cummins engine with the box showing them being 8 cylinders (Cummins are 6 cyl). Also some Cummins being Gas. If you are interested just call, text or email the seller.

Re: CL ad: swb with a lien (not mine)
 

It could also be a mechanic's lien. Those happen when someone has work done and doesn't want to pay for it. The mechanic's lien allows the shop to sell the vehicle and the buyer will get a clean title from the state. I've bought several mechanic's lien vehicles in the past, all with no problems.

Re: CL ad: swb with a lien (not mine)
 

More likely a "Pay Day" loan that would have to be satisfied at sale time.

Re: CL ad: swb with a lien (not mine)
 

I would check with the seller and if there is a lien that may have been satisfied just not recorded, the simple solution would be to ask the seller to get a lien release from the lien holder. If it had been paid off but no record of that the release is the answer. a lot of times on an older vehicle the lien release is lost or forgotten. That could also mean it could be a bank repo[ Times are harder than the GOV. and media wants us to think they are]OR it could be a flipper and the title is not in his name. I know it happens everyday with out any problem but jumping titles is a way big no-no. Jim

Re: CL ad: swb with a lien (not mine)
 

Man I wish I hadn't seen that. That's 20 minutes away from me.

Re: CL ad: swb with a lien (not mine)
 

RUN, DON'T WALK!!! :lol:

With what these trucks are going for, I don't think age eliminates the possibility of a lien against one. There is classic vehicle financing available these days, or it could be used as collateral. I've bought trucks that had lien amounts as much as $13k recorded on the title at time of former owner's purchase.

Re: CL ad: swb with a lien (not mine)
 

I sent an e-mail asking about the lien. I'm going to go look at it if it's still available.
I agree that there are probably people getting loans on classic vehicles with current prices but it makes zero sense to me. These are toys, financing toys isn't a great idea IMHO.

I'll let you know what I find out.

Re: CL ad: swb with a lien (not mine)
 

So you think everyone who buys a boat, motorcycle, corvette etc pays cash?

Re: CL ad: swb with a lien (not mine)
 

I just called the #, it went to voicemail, Highly doubt they'll call me back. One of you local guys would probably get a quicker response by calling.

Re: CL ad: swb with a lien (not mine)
 

I soooo want this but can't do it right now. People get loans for old cars all the time so I don't see it being a big issue.

Re: CL ad: swb with a lien (not mine)
 

No, I don't. Boat and RV loans make payments very affordable and I know a lot of people that have them. However, buying a '70 K10 with a note just doesn't make sense to me but I was raised in a time where my parents didn't finance anything besides their house. If they didn't have the money, they didn't buy it.

I tend to live like that today. Diff'rent strokes for diff'rent folks I suppose.

Re: CL ad: swb with a lien (not mine)
 

Not everyone but some do :lol:

Re: CL ad: swb with a lien (not mine)
 

Post deleted, I'm sure it sold quickly.