ILMA_Revo_Stage_2+

2006 Toyota RAV4 V6 2WD
29.8K Miles
1 Owner
KBB: $22.2K Dealer wants: $18K

Over the weekend, my in-laws and I were checking out Honda CRVs and Toyota RAV4s and came across this vehicle. The dealer presented a CARFAX report that had two records:

Corrected title record(s)
Loan/Lien record(s)

I assume the first one was a name error fix? I don't know what Loan/Lien record(s) exactly means. There are no signs of an accident. Opened the hood and visibly inspected the nuts/bolts to see if there were any signs of repair or replacement. The car checked out ok/drives fine.

Could the Loan/Lien record mean that the bank repossesed the car and is asking the dealer to sell it? My in-laws will be financing so will the original title transfer over to the new bank? Anything we should watch out for? The dealer says its Certified although I didn't see a Certified label on the car. Is there a particular piece of paper I should ask for that says this?

As you can tell its hard to pass on this deal if it proves there will be no headaches later.

Thanks for the advice Gurus.

Arun

bobster4

Toyota dealer or good indy shop and see what they say. The title flag would worry me.

ILMA_Revo_Stage_2+

Sorry but what does PPI mean? The car is at a Toyota dealer in Rockville, MD.

bobster4

certified pre-owned vehicle. If not, walk away.

quattrothatcould

Once you buy it, the title should transfer with no problem

kennyc

meaning when the car sells the seller would need to pay the finance company back before they release the lein.

In short, if you buy the car from a dealership and let them take care of the paperwork you should be fine.