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In NU, what should I know about lien checks (PPSA) for car loans?
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Car Loan Glossary • nu

In NU, what should I know about lien checks (PPSA) for car loans?

In Nunavut, performing a Personal Property Security Act (PPSA) lien check is an absolutely critical step before finalizing any car purchase, whether from a dealership or a private seller. The PPSA registry records security interests, or liens, that lenders (like banks or finance companies) have against personal property, including vehicles. By searching the Nunavut PPSA registry using the Vehicle Identification Number (VIN), you can determine if there's an outstanding loan or lease obligation tied to the car. Why this matters profoundly to you as a consumer is that if a lien exists and the previous owner defaults on their payments, the lender has the legal right to repossess the vehicle, even if you have legally purchased it and are unaware of the debt. This due diligence protects you from inheriting someone else's financial burden and ensures clear title to your new investment. Given the current market conditions in 2025, where vehicle prices and financing amounts remain substantial across Canada, verifying a clear title is more important than ever to safeguard your significant financial commitment. Always conduct this search before transferring any funds or taking possession of the vehicle to avoid potential legal and financial complications.

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