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You let the finance company know your new address, and be sure to transfer your auto insurance coverage to the new state so there are no gaps.
Also, if you are moving from a title-holding state (Such as Ohio) you need to tell the clerk at the DMV/BMV. They will put a request back to your original state for the real title, and the states vary on how they handle your registration at that point. Some states will register the car and give you plates (with no title), other states wont give you plates until you have the car titled in that state. This is not a big deal - just keep driving on your old plates, but be sure not to let them expire! Work with the clerk at the DMV/BMV if your previous plates are close to their expiration and the state wont issue you new plates due to not having the original title, they should know what to do.
If you are moving TO a title-holding state from one that is not, then the new state will keep your title as soon as its transferred. They will issue you a receipt indicating that you own the vehicle, with a state seal on it - but this is only good as proof of ownership, you can't use it to sell your car. This is called a memorandum title in Ohio. You get the original title back when the lien is removed (you pay off your loan).
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Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
If your car is financed through a dealer do you have to have full coverage insurance?
I believe it depends on the state, but as far as I know, if you have to have full coverage on a financed car, it doesn't matter where it's financed. If you still have questions, ask your insurance person, they'll know the answer.
Can you register a financed car?
You can, should, and are legally required to register a financed car.
Can you loan your car to your sibling in another state if it is registered financed and insured in your name?
Depends on your insurance company.
Car broken and needs repairs and it is financed?
car is broken and needs major repairs but is still financed how do pay for the repairs
Average amount financed for new car?
What is the average amount financed in an auto loan
Can I transfer car insurance Minnesota to my new home state of Arizona?
Moving from state to state will have a direct impact on your insurance policies. Each state may have different regulations and you will have to see which policies are best for you.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
What is the state of a body inside a moving car?
If the car is not accelerating in any direction, at rest.
How do you sell a personal financed car?
repossession
Can a car be repo in a different state from where it was financed?
Yes, and quite often they are. It is not uncommon for vehicles to be repossessed while the family who owes on them are on vacation. I've sent agents after vehicles in Arizona and Florida for cars that were registered in Michigan, Indiana, or Ohio.
