0
What else can I help you with?
How do you get your title for paid out vehicle?
Contact the (former) lienholder to get them to release the title to you.
Find lien on lost title of vehicle?
If the vehicle has a lien, the title shouldn't be lost, the lienholder should have it. Once the vehicle is paid in full, they will mail you the title.
Definition of title holding state?
A title holding state is one in which the title to a vehicle is mailed to the lienholder, not the customer.
If your car is going to be repossessed is it legal for you to sell it before the actual repossession?
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
What happens if a dealer does not send the title to the owner of a vehicle?
It normally take 30-45 days to get a title. I you financed the vehicle, you wont get the title, the lienholder will get it and send it to you once the loan is paid in full.
How do you Sell a vehicle that you are financing?
If you are financing the sale, you would list your name and address on the title as Lienholder or Secured Party.
Do you own a vehicle outright if you have to title to it in your name?
If you have no LIENS on the title if there are some you have to go to lienholder and check for payoff dates and obtain copy for DMV & your records
When getting an auto loan, is the title different in California than paying cash for a car?
Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.
Can title loan company repossess your car in another state?
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
Does the lienholder need a duplicate title if you have already added them to the title?
Yes, the lienholder typically requires a duplicate title even if they are already listed on the original title. This is because the duplicate serves as an official record of the lienholder's interest in the vehicle and may be needed for their own documentation and security purposes. It is advisable to check with the specific state’s Department of Motor Vehicles (DMV) for their requirements regarding duplicate titles for lienholders.
What is my liability as a lienholder on a motor vehicle?
The lienholder has no liability for any damage done by the buyers vehicle.
