If a lienholder is on the title, what must the wholesaler provide?

When a lienholder is listed on the title of a vehicle, it indicates that there is an outstanding claim against the vehicle, usually due to an unpaid loan. Therefore, for the wholesaler to proceed with the sale or transfer of the vehicle, they must provide a lien release or proper documentation that demonstrates the lien has been satisfied. This documentation is crucial because it verifies that the seller has fulfilled their obligations to the lienholder, thereby clearing any claims to the vehicle.

This not only protects the wholesaler in the transaction but also ensures that any subsequent buyer is receiving a clean title without any encumbrances. A lien release serves as proof that the lienholder has relinquished its claim on the vehicle, allowing the new owner to have full ownership and peace of mind regarding the absence of any debts associated with the vehicle.