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When you pay off a car loan and you already have the title what do you do?
Wiki User
∙ 14y ago
Get the lenders name removed from the ownership.
**actually the lenders name will not be on the ownership papers as anything other than "seller", once your loan is paid out, you have no worries, the car is yours.
The bill of sale, ownership and finance papers should show you the term of your finance, monthly payment, interest rate, number of payment, etc... when the terms have been carried out, you will be the only legal owner of the vehicle
Wiki User
∙ 14y ago
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How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
Can you sale the car without the loan cosigner's permission?
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
Bought a car out of state but loan is with your bank Who receives the title?
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
What happens if you don't pay off your car title loan?
they take your car
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
How would you obtain a new title for a recently purchased vehicle?
If the car is paid off, you can probably get the title at the Department of Motor Vehicles. If the car is not paid off, the bank that holds your loan holds the title until the loan is satisfied.
Can your wife sell your car if she co-signed on the loan?
She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
Can I ask for a title loan when purchasing a new car.?
No. You are not able to get a title loan on a car that is not fully owned by you. By this it means if there is a lean on your vehicle you are not able to get a loan on it, because it is not yours to give away if you do not pay your loan off with the company.
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
How do you write a trade-in authorization letter to get your car title when you pay off your loan?
The dealership should have a trade-in authorization letter so you can get the car title when you pay off your loan. If not, you would just write that you are giving permission to get the title for a trade in.
What happens to the title after a car loan is charged off?
After you pay off a loan, the title is usually sent to you, and leins are dropped. This will vary from instance to instance though. Ask your loaner.
What if your father died leaving a very small balance on a car loan The bank is requesting the loan be paid off before it will release the title Is there anything you can do to get the title released?
Pay off the loan. Ypu may even take out a new loan in your name, and use that money to pay off your father's loan and get the title.
