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  1. #1
    cummins is offline Metal Recycling Entrepreneur
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    we've hauled two cars this spring so far like that. as far as were concerned the lien is between them and the bank or lender. were not transferring ownership were scraping it. soon as its off my trailer the yard crushes it and the title gets stapled to the bill of sale and put away in case it gets reported stolen or the cops show up at the yard and start running vins ether way not my problem as long as its signed and the vin matches we load it strip it and dump it. they bank can't go after me i never signed anything


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    Mechanic688's Avatar
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    Quote Originally Posted by cummins View Post
    we've hauled two cars this spring so far like that. as far as were concerned the lien is between them and the bank or lender. were not transferring ownership were scraping it. soon as its off my trailer the yard crushes it and the title gets stapled to the bill of sale and put away in case it gets reported stolen or the cops show up at the yard and start running vins ether way not my problem as long as its signed and the vin matches we load it strip it and dump it. they bank can't go after me i never signed anything
    If it has a lien on it then you will not have a title to staple to anything. The bank or credit union has the title. And if your taking it to the yard to be crushed then your an accomplice with the yard to dispose of stolen property,,,
    P & M Recycling - Specializing in E-Waste Recycling.
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  4. #3
    glenn is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by Mechanic688 View Post
    If it has a lien on it then you will not have a title to staple to anything. The bank or credit union has the title. And if your taking it to the yard to be crushed then your an accomplice with the yard to dispose of stolen property,,,
    in Missouri you get your title back lien or no lien, this started a few years back, all my buyer cares about is a title that is signed by owner of the vehicle, I have hauled in several for owners they sign title and I deliver to scrap yard.

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    VERYOLDGUY is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by Mechanic688 View Post
    If it has a lien on it then you will not have a title to staple to anything. The bank or credit union has the title. And if your taking it to the yard to be crushed then your an accomplice with the yard to dispose of stolen property,,,
    That is what I kind of thought. I think the confusion is over the type of lien.
    A lien for the property is different than a lien against the property.
    You can make money 2 ways.
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