American Honda Finance Lien Release: What You Need To Know In 2023

Introduction

If you’ve ever taken out a loan to buy a car, you may be familiar with the term “lien.” A lien is a legal claim on property that serves as collateral for a loan. When you take out a car loan, the lender, such as American Honda Finance Corporation, places a lien on the vehicle until the loan is paid off. Once the loan is paid in full, you’ll need to get a lien release to remove the lien from the vehicle’s title. In this article, we’ll explore everything you need to know about American Honda Finance lien release in 2023.

What is a Lien Release?

A lien release is a legal document that removes a lien from a vehicle’s title. It proves that the loan has been paid in full and that the lender no longer has a legal claim on the vehicle. Without a lien release, the vehicle’s title will still show the lien, which can prevent you from selling or transferring the vehicle to someone else.

How to Obtain an American Honda Finance Lien Release

To obtain an American Honda Finance lien release, you’ll need to follow these steps:

Step 1: Pay Off Your Loan

The first step to obtaining a lien release is to pay off your car loan in full. You can do this by making the final payment online, over the phone, or by mail. Once your payment is processed, the lien on your vehicle will be released.

Step 2: Wait for Processing

After you’ve made your final payment, American Honda Finance will need time to process your payment and release the lien. This typically takes a few business days.

Step 3: Receive Your Lien Release

Once your payment has been processed and the lien has been released, American Honda Finance will send you a lien release document. This document will prove that the lien has been removed from your vehicle’s title. You should keep this document in a safe place as it may be needed if you ever plan to sell or transfer ownership of the vehicle.

Common Questions About American Honda Finance Lien Release

What if I Need the Lien Release Sooner?

If you need the lien release sooner than a few business days, you can contact American Honda Finance and request an expedited lien release. However, there may be additional fees for this service.

What if I Lost My Lien Release?

If you’ve lost your lien release document, you can contact American Honda Finance and request a duplicate copy. There may be a fee for this service.

What if My Loan Has Been Paid Off for a While?

If you paid off your car loan a while ago and never received a lien release, you should contact American Honda Finance and request one. You may need to provide proof of the loan payoff.

Conclusion

Obtaining an American Honda Finance lien release is an important step in owning your car outright. By following the steps outlined in this article, you can ensure that you have all the necessary documents to prove ownership of your vehicle. If you have any questions about the lien release process, don’t hesitate to contact American Honda Finance for assistance.