Mechanics Lien? Buy?
#1
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Mechanics Lien? Buy?
I've tried searching this topic but didn't say any threads about it.
I came across this ad on Craigslist for a 1999 Lexus GS300 for $1000. Its currently at a shop and the customer didn't have the funds to pay for it.
Not sure if it has a mechanics lien or not. The shop doesn't have the title.
If it does have a mechanics lien do I purchase with confidence? Does it have to get inspected by the DMV(NYS). How would I get the title? Other things i need to worry about?
UPDATE: Found out that hes only going to sell it for parts now, before it was going to sell the car. A customer came in 5 years ago and had some work done to it and never picked it up. Body Shop tried to get in touch with owner but no luck because he changed his number. So he cannot get a Mechanics Lien on it. So all he can do it sell it for parts.
ad:http://hudsonvalley.craigslist.org/pts/4659812762.html
I came across this ad on Craigslist for a 1999 Lexus GS300 for $1000. Its currently at a shop and the customer didn't have the funds to pay for it.
Not sure if it has a mechanics lien or not. The shop doesn't have the title.
If it does have a mechanics lien do I purchase with confidence? Does it have to get inspected by the DMV(NYS). How would I get the title? Other things i need to worry about?
UPDATE: Found out that hes only going to sell it for parts now, before it was going to sell the car. A customer came in 5 years ago and had some work done to it and never picked it up. Body Shop tried to get in touch with owner but no luck because he changed his number. So he cannot get a Mechanics Lien on it. So all he can do it sell it for parts.
ad:http://hudsonvalley.craigslist.org/pts/4659812762.html
Last edited by 2k4CamkilA; 09-12-14 at 07:28 AM.
#2
Pole Position
ask him what he wants for the engine or for the whole car as is for parts. Let me know the condition and miles, I have someone who buys them for parts maybe we can make him an offer
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