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Best Answer: Someone could probably put a second lien your car, if you owe them money and they get a judgement against you. But I would not expect to be able to take a second loan on a car unless it is worth much more than you owe on it, since it would tend to depreciate rapidly unless it is a classic.
A Primer on Second Lien Term Loan Financings By Neil Cummings and Kirk A. Davenport O ne of the more noticeable developments in the debt markets in the last year has been the exponential increase in the number of second lien nancings in the senior bank loan mar-ket. Standard & Poor’s/Leveraged Commentary & Data Team reports that second lien nancings raised more than $7.8 billion in.
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i need a loaner car Lake Saint Peter "loaner" vehicles while car is in shop: how common? artoo Posts : 13. January 2002 edited March 2014 in Ford. Hi folks, I purchased a used Mustang two years ago and it now needs some brake work done. The car is still under extended warranty so I will need to take it to my local ford dealership in case anything that’s replaced is covered under warranty. The problem is that the dealership is.