If you’re pursuing a car title transfer near Chicago, use this guide first. You’ll learn how to correctly interpret a car title and more.
All cars that are sold in Chicago will have a title that’s associated with the state of Chicago. If you buy a vehicle in another state, the title will come from the Department of Motor Vehicles in that particular state.
Very Important Information About Liens
When an automobile has a lien against it, there will be personal information about the person who holds the lien on the title. This helps the state collect all debts before a vehicle is sold.
Types of Car Titles
There are several types of car titles. The exacting wording will vary by state, but the meanings are basically the same. Here are the most recognized title terms.
This term means that a car is in good condition. All of its components are structurally sound.
Clear means that an automobile has no debt against it.
A salvage title is created for a wrecked automobile.
This title is given to a salvaged vehicle after it has been fixed or upgraded.
Important Considerations for Used Car Shoppers
Before you buy any used car, follow these steps:
- Review the car title
- Get a vehicle history report
- Consult a mechanic
The folks at West Suburban Currency Exchanges, Inc. can help you start a car title transfer near Chicago. This company has 25 stores in the suburbs.
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