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How to obtain your car title after loan payoff Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by offering financial calculators and interactive tools that provide objective and original content, by enabling you to conduct your own research and compare information for free to help you make informed financial decisions. Bankrate has partnerships with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this site are from companies that pay us. This compensation may impact how and when products are featured on this site, including for instance, the sequence in which they appear within the listing categories and other categories, unless prohibited by law for our mortgage or home equity products, as well as other products for home loans. This compensation, however, does affect the information we publish, or the reviews appear on this website. We do not cover the universe of companies or financial offers that may be accessible to you.



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3 min read Published June 23, 2022
The story was written by Holly D. Johnson Written by an Award-Winning Author and Writer

Holly Johnson writes expert content on personal finance, credit cards loyalty, insurance and other topics. In addition to writing for Bankrate and CreditCards.com, Johnson is also a regular contributor for clients including CNN, Forbes Advisor, LendingTree, Time Magazine and many more.







The edit was done by Chelsea Wing Edited by Student loans editor

Chelsea is with Bankrate since the beginning of 2020. She's dedicated to helping students navigate the daunting cost of college as well as simplifying the maze in student loans.









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Once you've made the final payment for an auto, you'll need to get you a title document from the lender to prove that you legally own the vehicle. It is also a critical document in the event that you decide to selling your vehicle down the line. What a car title lien is An auto lien is a note showing that your vehicle is , in many instances, your lender. In many ways the lien on your car is like a property mortgage on the home you own. When a lien is in place, the lender is entitled to the car until you pay back what you borrowed, in addition to interest and fees. When your loan is paid in full, you can remove the lien from your vehicle title is lifted and the title will be released to you. This is when the title of the vehicle transfers from the lender to you. How do you get your title following the payment of your car loan After you have paid on your car loan the lien holder is required to notify the State's Department of Monitor Vehicles (DMV). They can do so electronically or by submitting specific state-required paperwork. In either case, they'll inform the state that you do not have a amount due in your loan and are only the owner of your vehicle. "After you've paid off your auto loan, you'll have an "free and clear" title to your vehicle, which means you now fully own the vehicle," says Julie Shinn who is vice director of lender control at RateGenius. "Anytime there are ownership changes it is necessary to change on the record." The process for changing the title procedure varies from state to state. procedure for obtaining the title to the car you paid off is based on the laws of your state. Certain states handle the whole process, while others require grunt work. According to Shinn the lender will send you an agreement to release the lien in states where you must file to get your title. This is a formal document that proves that the loan is fully paid. From there, you'll take these documents to the state DMV for an updated title that is solely yours. Other states have different procedures, once the DMV is notified that you've registered, they'll send you the title for your vehicle with no effort on your part. For more information on the process in your state, visit the state's DMV website . How long it takes to receive a title following loan payoff Shinn says the states that you need to submit paperwork in order to obtain the title of your car in the name of your own, you can expect to get your new title in any time from two to six weeks after submitting the necessary paperwork. However, since each state's processing times are different so the process can be shorter or longer. Nishank Khanna, a CFO at Clarify Capital, says states with DMVs that mail out auto titles electronically could take less time, generally around 15 to 30 days. But, processing and mailing time can drag things out and you should follow up with a call to the office, an email or a visit in person in case you feel it's been too long. Last thoughts about liens Although it's normal to have a lien placed on your vehicle, there are important details to keep in mind. A lien on your vehicle could -- or at the very least make selling it more difficult as per Brian DeChesare of Mergers and Inquisitions. This is based on the fact that you will need to pay off the vehicle loan and get an access right to the title before you can sell your car or transfer it to someone else. You may not have the funds to pay for the car prior to the sale and, if you are able to owe more money than your vehicle is worth the amount, you'll need to pay for the difference. DeChesare adds that the opposite is true too: You won't receive the title for the car you purchase from someone with a lien until they have paid for the vehicle. This makes on it an extremely difficult process. However, some DMVs have a lien search feature which allows you to determine who holds the title of the vehicle and contact them directly. As a result of these challenges, many drivers opt to sell their cars that have a lien to their dealership when they upgrade. If you are at a dealer will be given an amount to trade in your car , which is likely to be greater than the amount you are owed. The dealership will then transfer the title to its name so it can transfer your vehicle to another person, taking you entirely out of the equation. The conclusion If you're hoping for your car's title after having paid off your auto loan and you're in need of to just to sit and just wait. But, in some states, a trip to the DMV might be in your future. Either way, you should be proud of having have paid off your car loan. Think about your future financial plans before upgrading to a different car with a new payment particularly if your vehicle is still in good condition. Learn more


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Written by an Author, Award-Winning Writer

Holly Johnson writes expert content on personal finances, credit cards as well as loyalty and insurance issues. In addition to her work for Bankrate and CreditCards.com, Johnson is also a regular contributor for clients which include CNN, Forbes Advisor, LendingTree, Time Magazine and many more.



Editor: Chelsea Wing Edited by Student loans editor

Chelsea has been with Bankrate since the beginning of 2020. She's committed to helping students manage the steep costs of college and breaking down the complexities of student loans.






Student loans editor




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