Learning About Liens in Vernon

May 25,2022

The world of auto financing comes with a wide range of terms – and if you’re new to car buying or applying for a loan, it can feel overwhelming. If you can relate, you’ve come to the right place. At Skaha Ford in BC, we take the mystery out of auto loans with Easy Deal.

What is a Lien?

A lien is a lender’s claim for repayment registered against the vehicle. It remains on a car until the debt has been paid in full and no balance is owed. According to the Financial Consumer Agency of Canada, only lenders and garages have the right to place a lien, and vehicles can have more than one lien on it.

Before trading in your vehicle, it’s essential to check if it has a lien. If one or more are registered, you must remove the liens before the car can be sold to a dealership.

Need help selling your car, truck or SUV? Now is a great time to trade it in at Skaha Ford in BC. To get started, send us your information by completing this quick online form, then select your next vehicle from our inventory of new and used models. With Easy Deal, you can apply online for financing and select a pick-up time that works for you.

To learn more, contact our team today!

Recent Articles

Vehicle News
Explore the New Rugged and Versatile 2024 Ford F-150 in British Columbia
When it comes to power, performance, and cutting-edge technology, pickup truck enthusiasts know that the 2024 Ford F-150 stands in a league of its own. The 2024 iteration of this beloved truck is tailored for Canadians who admire robust capability coupled with innovative technology.  Ford understan
Top New And Used Vehicles
Discover the 2024 Ford Ranger in Kamloops: A Blend of Utility and Comfort
Once again, Ford redefines the pickup truck market with the 2024 Ford Ranger—a versatile vehicle that balances functionality and subtle comfort. As we delve into the details, we find that the interior of this robust machine varies from trim to trim, shifting from the bare essentials to a higher de
Commercial News
The 2024 Ford Escape: A Refined Commute Awaits in Prairie Valley
When choosing a vehicle that exemplifies both comfort and functionality, the 2024 Ford Escape stands out, particularly in the sophisticated Titanium trim. This esteemed model has made its way to Prairie Valley, and it's turning heads with its harmonious blend of innovation and design sensibility.The
Top New And Used Vehicles
Experience the Wild of Trout Creek in Comfort with the 2024 Ford Bronco
Imagine waking up to the gentle sounds of a creek, the air fresh with the scent of pine, and the promise of adventure. The 2024 Ford Bronco is your companion in these moments, a trusted steed that easily carries all your gear. Ford Bronco fans and off-road enthusiasts, the latest iteration of your

Buy Your Next Vehicle Online

Buying Your Next Vehicle Online Is Quick, Simple and Easy

Our Sales team is standing by, ready to help you!