Question: 1 / 50

If a dealer agrees to pay out a lien on a customer's trade-in, when must the lien be paid out?

Any time prior to reselling the vehicle

Immediately

The lien must be paid out immediately in order for the dealer to have a clear title to the vehicle before reselling it. Choosing option A would leave the dealer vulnerable to any potential complications that may arise during the reselling process. Option C and D offer timelines that are too lenient and may result in delays or complications for both the dealer and the customer. Therefore, it is best to pay out the lien immediately to ensure a smooth transaction for both parties.

Within five business days

Within two weeks

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