If your car is financed....

monster · 12-12-2011, 09:35 PM

Do you get the title or does the finance company keep it until it's paid off (US)?

monster · 12-12-2011, 09:36 PM

yes, we can't find the title for the totalled car........we just stack paperwork and it's not where we thought it was....... so a date would help...... Beest thinks we had it from the get-go, I have a vague memory of getting it when we made the last payment.....

yes, we are that messy. Guess we might try to be less so in future.....

We do have a fireproof box for important docs. It's still in its box...

sexobon · 12-12-2011, 10:08 PM

You may both be right. When you bought the vehicle you should have gotten a title with the lien holder listed. When it was paid off you may have gotten a corrected title with the lien holder removed; though, it's not always required to do so.

Nirvana · 12-12-2011, 10:13 PM

In Indiana you get the title to sign but it goes to the state to transfer and then to the lien holder.The BMV gives you a registration cert. When the car is paid off you get the title.

monster · 12-12-2011, 10:17 PM

thanks, much appreciated.

classicman · 12-12-2011, 10:29 PM

Mine too, was originally sent to the bank and mailed to me when the loan was paid off.

HungLikeJesus · 12-12-2011, 11:22 PM

My wife had to get a new title to her car recently (it's still sitting here on my desk), and the process was very easy.

jimhelm · 12-13-2011, 12:00 AM

Depends on the state. Most states have one title that the bank gets. You get it with a lien release letter once it is paid off. New york and maryland have dual titles. One goes to the bank, the other to the owner with the lien info printed on it.

I can look in my NADA book tomorrow and tell you what Michigan does.

Try dmv.org for info.

http://www.dmv.org/mi-michigan/repla...lost-title.php

monster · 12-13-2011, 07:52 AM

thanks. off to have one last trawl through the bureau where it ought to be......

Stormieweather · 12-13-2011, 08:32 AM

If you lost the title, you can get a replacement. In Florida, it costs $75 for an electronic copy, an additional couple dollars for a paper one. Takes a week or so.

Pico and ME · 12-13-2011, 09:23 AM

Dang, thats highway robbery!

I think it cost me around $10 to get mine in Indiana. If I had wanted it in a hurry it would have cost me $25.

monster · 12-13-2011, 09:49 AM

Jim's link says $15 for here.

Not in bureau

neither is any of the financing paperwork, though, apart fromt eh statement about the final payment on the Windstar. weird. may be in a box in the basement.....

Clodfobble · 12-13-2011, 11:18 AM

Call the bank just to double-check that they don't have it. We paid off a vehicle once and they completely forgot to send us the title until over a year later. We should have noticed if we were paying attention, but...

monster · 12-13-2011, 11:24 AM

Hm, Ford Financing...

monster · 12-13-2011, 11:25 AM

hi ho hi ho it's down to the basement i go

12-12-2011, 09:35 PM	#1
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	If your car is financed.... Do you get the title or does the finance company keep it until it's paid off (US)? __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-12-2011, 09:36 PM	#2
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	yes, we can't find the title for the totalled car........we just stack paperwork and it's not where we thought it was....... so a date would help...... Beest thinks we had it from the get-go, I have a vague memory of getting it when we made the last payment..... yes, we are that messy. Guess we might try to be less so in future..... We do have a fireproof box for important docs. It's still in its box... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-12-2011, 10:13 PM	#4
Nirvana Back in 10 Join Date: Aug 2008 Posts: 3,684	In Indiana you get the title to sign but it goes to the state to transfer and then to the lien holder.The BMV gives you a registration cert. When the car is paid off you get the title. __________________ Speaking simply... do not confuse this with having a simple mind.

12-12-2011, 10:17 PM	#5
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	thanks, much appreciated. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-12-2011, 10:29 PM	#6
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Mine too, was originally sent to the bank and mailed to me when the loan was paid off. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

12-12-2011, 10:08 PM	#3
sexobon I love it when a plan comes together. Join Date: Oct 2009 Posts: 9,793	You may both be right. When you bought the vehicle you should have gotten a title with the lien holder listed. When it was paid off you may have gotten a corrected title with the lien holder removed; though, it's not always required to do so.

12-12-2011, 11:22 PM	#7
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	My wife had to get a new title to her car recently (it's still sitting here on my desk), and the process was very easy. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

12-13-2011, 12:00 AM	#8
jimhelm a beautiful fool Join Date: Sep 2010 Location: 39.939705 Posts: 4,504	Depends on the state. Most states have one title that the bank gets. You get it with a lien release letter once it is paid off. New york and maryland have dual titles. One goes to the bank, the other to the owner with the lien info printed on it. I can look in my NADA book tomorrow and tell you what Michigan does. Try dmv.org for info. http://www.dmv.org/mi-michigan/repla...lost-title.php __________________ There's a Shadow just behind me. Shrouding every step I take. Making every promise empty, pointing every finger at me. _tool

12-13-2011, 07:52 AM	#9
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	thanks. off to have one last trawl through the bureau where it ought to be...... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-13-2011, 08:32 AM	#10
Stormieweather Wearing her bitch boots Join Date: Apr 2006 Location: Floriduh Posts: 1,181	If you lost the title, you can get a replacement. In Florida, it costs $75 for an electronic copy, an additional couple dollars for a paper one. Takes a week or so. __________________ "First they ignore you, then they ridicule you, then they fight you, then you win." - Mahatma Gandhi

12-13-2011, 09:23 AM	#11
Pico and ME Are you knock-kneed? Join Date: Jul 2008 Location: Middle Hoosierland Posts: 3,549	Dang, thats highway robbery! I think it cost me around $10 to get mine in Indiana. If I had wanted it in a hurry it would have cost me $25. __________________ Jesse LaGreca in 2012 “Seven Deadly Sins: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality, Worship without sacrifice.” – Mahatma Gandhi

12-13-2011, 09:49 AM	#12
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	Jim's link says $15 for here. Not in bureau neither is any of the financing paperwork, though, apart fromt eh statement about the final payment on the Windstar. weird. may be in a box in the basement..... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-13-2011, 11:18 AM	#13
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Call the bank just to double-check that they don't have it. We paid off a vehicle once and they completely forgot to send us the title until over a year later. We should have noticed if we were paying attention, but... __________________ My book My other book My spirit animal

12-13-2011, 11:24 AM	#14
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	Hm, Ford Financing... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

12-13-2011, 11:25 AM	#15
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	hi ho hi ho it's down to the basement i go __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)