Quote:
Originally Posted by Duramaximos
Thanks for the very informative post.
What do you mean by searching by the seller's name?
When I attempt to do a lien search at AMA they will only accept a VIN.
If the VIN turns up clear, should I still be concerned about searching the seller's name?
Does this apply when purchasing from an all makes used dealership?
Thanks again.
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Very technically, if the VIN search was done under the exact correct serial number, year, make, model, etc. you are generally OK. But the serial number search "algorithm" is such that if there is a search as to or a registration against the vehicle with one incorrect number in any of the last five digits/letters (say an s instead of a 5), that registration will not turn up even as an "inexact match". Now, a purchaser for good value who does not find the prior registration due to such an error by the registrant is usually going to be OK, but when the bank goes looking for the vehicle because their borrower "forgot" to pay, there will be some hassle involved. If your search inadvertently had such an error, and the bank's registration had the correct number, then you are hooped. If you had also searched the seller's name (any registry agent can and does do this frequently - they can't refuse) you would have found this and recognized that it purported to affect the same vehicle, and ensured it was paid out from the purchase money.