What does “NY CLEAR OPEN LIENS” mean on an auction listing?

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The term “NY CLEAR OPEN LIENS” in an auction listing denotes a specific title status for vehicles from New York (NY). While “clear title” signifies no major damage history, the “open liens” aspect reveals existing debts or financial claims against the vehicle. Understanding this status is crucial for informed bidding and purchasing decisions at vehicle auctions.

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What does the ‘TBO’ title mean, and is it only for dealers to bid on?

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The term ‘TBO’ signifies ‘To Be Obtained’, which means that the auction house is in the process of securing crucial documents such as the vehicle’s title or lien releases. Bidders do not need to be licensed car dealers to participate in auctions on RideSafely.com.

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