cash for old cars

Automotive

What Is Encumbrance Vehicle And The Risk Of Buying It?

An encumbrance vehicle is a vehicle with finance, meaning that the car & was bought on loan and hasn’t been repaid fully. It’s different from taking a loan from the bank and buying a car & when the vehicle is financed, it becomes a secured loan.  No law requires the vehicle owner to disclose the encumbrance when selling the car.…