So yea i was looking for 350z's online since my car got totalled on the 15th on the highway, i got rear ended =( , anyways theres somebody sellin a '03 350z for 15k , but i was checking the vehicle report and what exactly does Lien mean? I emailed the guy about it and he sent me this back


Hi,

The price listed is correct 15,000. First of all I need to tell you that I
have moved at my parents in Martinsville, VA after I have lost my job, and
the car is locked in a garage in Hollywood, Florida, at my old address.
I am selling the car only because I have recently lost my job, and I don't
have any savings, the bills and the loans I have to pay are too high. I was
forced to move at my parents as I was not able to pay my rent, and right now
I need to sell the car as I can't afford it.


Event Date Event Location Odometer Reading Data Source Event Detail

01/16/2003 HOPEWELL JUNCTION, NY MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL

02/07/2003 NY 115 MOTOR VEHICLE DEPT. TITLE (Lien Reported)

05/03/2003 MIDDLEBURY, CT DEALER RECORD VEHICLE IN DEALER INVENTORY

09/17/2003 EASTERN REGION 2,912 AUTO AUCTION REPORTED AT AUTO AUCTION

01/08/2004 FL 3,099 MOTOR VEHICLE DEPT. ODOMETER READING FROM DMV

01/13/2004 FL 4,853 INDEPENDENT SOURCE INDEPENDENT INSPECTION/THEFT DETERRENT EQUIPPED
02/27/2004 HOLLYWOOD, FL MOTOR VEHICLE DEPT. TITLE (Lien Reported) (Title #: 0089965553)

02/27/2004 HOLLYWOOD, FL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL

12/11/2004 HOLLYWOOD, FL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL

11/14/2005 HOLLYWOOD, FL MOTOR VEHICLE DEPT. REGISTRATION EVENT/RENEWAL

 

Lien most likely means the car used the financing at the time of purchase, and the back may still hold the title of the car until the loan balanced is paid off.

15K for a Z is a little too good to be true. But if you are local and can have anyone check it out for the legitimacy, do it and find out.

 

I would definately have this car checked out. It is an '03, that was sold at an auto auction the very first year this model car was out I don't know if it was bought, then stolen, or bought and the original lien holder couldn't make payments so it was repossed. Seems suspicious to me. If everything looks good though, and you can get a mechanic to look at it, then go for it. 15K is a good deal, well depending on the milage of course.

 

Agree. Just because a car lists for $15,000 does not mean that it will sell for $15,000. It could be a teaser. In other words you call and say that you are interested, and the seller says that he has a buyer for $17,000, but will sell it to you for $18,000.

BTW I would be curious about this entry:

09/17/2003 EASTERN REGION 2,912 AUTO AUCTION REPORTED AT AUTO AUCTION

Was the car auctioned? Wonder why?

 

Edit: see next post

 

My guess of the car history in red below.