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-   -   Paying off Car Loan today (http://archives1.twoplustwo.com/showthread.php?t=513102)

gusmahler 10-02-2007 07:18 PM

Re: Paying off Car Loan today
 
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You need a "lien reease" from the lending institution listed on your title. Without that the DMV will not remove the banks name as a lienholder.

Jimbo

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Jimbo, so when I pay off my car today I just go in and tell them I need a lein release as well? Are they going to give me the run-around here?

Thanks

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They have no incentive to give you the run-around. My small sample size of 1 says that they'll give you the release as because it is no longer valid anyway.

Jimbo 10-02-2007 11:35 PM

Re: Paying off Car Loan today
 
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You need a "lien release" from the lending institution listed on your title. Without that the DMV will not remove the banks name as a lienholder.

Jimbo

[/ QUOTE ]

Jimbo, so when I pay off my car today I just go in and tell them I need a lein release as well? Are they going to give me the run-around here?

Thanks

[/ QUOTE ]
They have no incentive to give you the run-around. My small sample size of 1 says that they'll give you the release as because it is no longer valid anyway.

[/ QUOTE ]

Correct. Also my missing "L" in release was driving me crazy!

Jimbo

prohornblower 10-03-2007 09:39 PM

Re: Paying off Car Loan today
 
lol, I didn't even notice.

Thanks for the info. I paid it off today. They said they'd mail the title, lein release, and all other necessities in 14 days or less. Feels good; I'm 28 and never owned a car!


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