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#1
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So I'm paying off the $1700 remaining on my car loan today and I'm obviously excited, as this will be the first time I've held the title to a car.
I've already verified with the bank that there is no pre-payment penalty, but what else do I need to be made aware of when paying it off today? They told me they'll mail the title in 4-6 weeks. Where shall I retain the title? Obv. not in my car, I know. General comments and advice welcome. Thanks. [img]/images/graemlins/cool.gif[/img] |
#2
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Congrats. Obviously a safe deposit box is a good choice if you have one. I don't have one so mine is in my "big boy" folder, which is constantly growing as I get older, and more of a pain to sort through each year. So, yeah, maybe you want to have a better plan than me.
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#3
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[ QUOTE ]
Congrats. Obviously a safe deposit box is a good choice if you have one. I don't have one so mine is in my "big boy" folder, which is constantly growing as I get older, and more of a pain to sort through each year. So, yeah, maybe you want to have a better plan than me. [/ QUOTE ] Haha, I have the same type of folder that I do not keep organized in the slightest. |
#4
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[ QUOTE ]
[ QUOTE ] Congrats. Obviously a safe deposit box is a good choice if you have one. I don't have one so mine is in my "big boy" folder, which is constantly growing as I get older, and more of a pain to sort through each year. So, yeah, maybe you want to have a better plan than me. [/ QUOTE ] Haha, I have the same type of folder that I do not keep organized in the slightest. [/ QUOTE ] What you need is: ![]() + ![]() + ![]() |
#5
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Hold it in the glove box, how else are you going to race for pinks?
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#6
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I don't even know where the title to my car is, I suppose I should find it. My car is paid off but I still need to go to the DMV one of these years to get the Bank's name off of the title so only my name is on there. Unless I decide to sell it i guess it really doesn't matter.
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#7
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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 |
#8
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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 [/ QUOTE ] Thanks, I do have that as well, but like my title, will need to search for it. It has been several years since I paid off my loan but just dread going to the DMV. I probably won't take care of it until I actually need to. |
#9
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shoe, not always easy after alot of time has passed. the papers you need to verify may not be found. and you will spend alot more time then than now.
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#10
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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 [/ 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 |
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