3 ms·
No this is for financed cars. When you live in a title-holding state, the title will be issued to the registered owner/operator of the car, regardless of lien
by mikeryan 5y ago
No this is for financed cars.
When you live in a title-holding state, the title will be issued to the registered owner/operator of the car, regardless of lien holder. Though your lien holder will receive a separate document verifying their connection to the loan, you will be in possession of the title itself.
There are only nine title-holding states: Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, Oklahoma, Wisconsin. In the other 41 states, titles are issued to the lien holder of your vehicle until the loan is fully paid off.
From: https://www.rategenius.com/resources/titles/#:~:text=There%20are%20only%20nine%20title,loan%20is%20fully%20paid%20off https://www.rategenius.com/resources/titles/#:~:text=There%2....