How to Get a Title After Paying Off Your Car Loan
Wondering how to get a title after paying off your car loan? Here’s what you need to know.
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Introduction
Unless you paid for your car outright, you will need to obtain a title once you have paid off your loan. The title is a document that proves you are the legal owner of the vehicle. In most states, the title will be mailed to you automatically once the loan is paid in full. However, there are a few things you can do to make sure you receive your title as soon as possible.
How to Get a Title After Paying Off Your Car Loan
If you own your car outright, you have what’s called a “clean title.” But if you financed your car through a bank or other lender, the lender usually holds on to the title until you’ve paid off the loan. Once you’ve paid off your loan, the lender will give you the title to your car.
If you’re not sure whether or not you have a clean title, you can check with your state’s department of motor vehicles. Each state has different rules and regulations about titles and registration, so it’s important to know what applies in your state.
In some states, like California, the lender may send the title to the DMV once the loan is paid off. In other states, like Texas, the lender will send the title directly to you. Either way, once you have the title in hand, you’ll need to take it to your local DMV office and have it transferred into your name. You’ll also need to pay any applicable fees and taxes.
Once everything is finalized at the DMV, you’ll be issued a new registration and license plates (if needed) and be ready to hit the open road!
Conclusion
You’ve finally paid off your car loan, and now you want your title. The process of getting your title depends on your lender and your state’s laws.
Generally, the lender will send the title to you once the loan is paid off. If you have a lien against your vehicle, the lender will send the title to the lienholder. Once the lien is satisfied, the lienholder will send the title to you.
In some states, you may have to request your title from the state Department of Motor Vehicles (DMV). You’ll need to fill out a form and pay a fee. The DMV will then send you the title.
If you can’t find your car’s title, contact your lender or the DMV for help.
