Quote (gojjang @ Jan 7 2016 01:18am)
Who is the lienholder on the bill of sale of a car when its between me ( the buyer ) and him ( the seller )?
I am going to pay ful amount for the car in cash.
and once i do buy the car and the car doesnt have a license plate, what should i do to drive it home?
lienholder simply means if you owe someone money still and they want to place a lien against the title until you pay them in full. if you are paying cash and it wasnt a bank loan tied to the vehicle then there will not be a lienholder. if you borrowed money from abc bank then they will demand their name by put on the title as lienholder because you still owe them money. this insures if you dont pay the vehicle off as agreed to then they can repossess it at any time.
and dmv or courthouse whatever you use for vehicles will give you a new plate for the vehicle if it doesnt have one. in kentucky you are required to show proof of insurance before you can register a vehicle for the road.
This post was edited by JDH on Jan 7 2016 03:15pm