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Why would your current lienholder give you the title to your vehicle at time of refinance?
Your current lienholder may give you the title to your vehicle at the time of refinance if the new financing arrangement pays off the existing loan in full. This is often part of the refinancing process, where the new lender assumes the debt and issues a new loan, allowing you to take ownership of the title. Additionally, if your creditworthiness has improved or the vehicle's value has increased, the lienholder may feel secure in releasing the title. However, it's essential to confirm this process with both the current and new lenders.
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.
Vehicle title no lienholder?
what is the question here?.... Just using a ? doesn't constitute a question
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.
How can I refinance a vehicle that is currently in someone else's name?
In order to refinance a vehicle that is currently in someone else's name, you will need to have the current owner transfer the title to your name before applying for a new loan. This can typically be done by completing a title transfer process through the DMV or relevant authority. Once the title is in your name, you can then proceed with the refinancing process.
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.
What does it mean to have a lienholder on title?
Having a lienholder on a title means that a lender or creditor has a legal claim on the property until the debt associated with it is fully paid off. This claim is typically established through a loan or mortgage agreement, indicating that the lienholder has the right to take possession of the property if the borrower defaults on the loan. The lien is recorded on the title, making it public knowledge and affecting the owner's ability to sell or refinance the property without addressing the debt first.
