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

In Ontario, performing a PPSA (Personal Property Security Act) lien check is an absolutely essential step when considering any vehicle purchase, whether from a private seller or a dealership. This involves searching the provincial registry, typically through ServiceOntario or an authorized third-party provider, using the vehicle's unique VIN (Vehicle Identification Number). The PPSA search reveals any registered security interests or liens against the vehicle, indicating it has been used as collateral for an outstanding loan, lease, or other financial obligation. For consumers, this matters immensely because purchasing a vehicle with an active lien means you could unknowingly inherit the previous owner's debt, giving the secured creditor the legal right to repossess the vehicle, even if you paid for it in full. As we approach 2025, with potential economic shifts, ensuring a clear title is more critical than ever to protect your investment, avoid significant financial and legal complications, and ensure you can secure financing, as lenders will always require a clear title to register their own security interest. Always verify independently to safeguard your purchase.

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