What does “NY CLEAR OPEN LIENS” mean on an auction listing?
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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Updated: November 17, 2023, 6:56 PM
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