Sélectionner une page

Open navigation Main Menu Mortgages

Financing a home purchase Refinancing an current loan Finding the best lender Additional Resources

Looking for a financial advisor? Do our 3-minute quiz and match with an advisor today.

Main Menu Banking

Compare Accounts Use calculators Get help from bank reviews

Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.

Main Menu Credit cards

Compare according to category Compare with credit requirements Compare with issuers Get advice

You’re looking for the ideal credit card? Find it with CardMatch(tm)

Main Menu Loans

Auto Loans Loan calculators

Find the perfect personal loan in just 2 minutes or less Answer some questions to get offers–with no effect on your score on credit.

Main Menu for Investing

The Best Brokerages as well as Rob-Advisors. Learn the basics Additional resources

Looking for a financial advisor? Try our three minute test and then match up with an advisor today.

Main Menu Home equity

Find the lowest rates Lender reviews Use calculators Knowledge base

Looking for a financial advisor? Do our 3-minute quiz and match to an adviser today.

Main Menu Real estate

Selling a house Buying an investment property Finding the right agent resources

Looking for a financial advisor? Try our three minute test and connect to an adviser today.

Main Menu Insurance

Car Insurance Homeowners insurance Other insurance Company reviews

Looking for a financial advisor? Take our 3 minute quiz and connect the advisor you want today.

Main Menu Retirement

Retirement accounts and retirement plans Get the basics of retirement calculators Additional sources

Looking for a financial advisor? Do our 3-minute quiz and then match up with an advisor today.

The search is open and closed.

Submit

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 interactive tools and financial calculators, publishing original and objective content. We also allow users to conduct research and compare data for free to help you make financial decisions with confidence. Bankrate has partnerships with issuers, including but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make money The products that are advertised on this site come from companies that pay us. This compensation may impact how and where products are displayed on this site, including such things as the order in which they may appear within the listing categories in the event that they are not permitted by law. This applies to our mortgage home equity, mortgage and other home loan products. But this compensation does not influence the content we publish or the reviews that you read on this site. We do not cover the vast array of companies or financial offers that may be available to you.

SHARE:

F8 studio/Shutterstock

3 min read Published June 23, 2022

Authored by Holly D. Johnson Written by Author, Award-Winning Writer

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

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

Chelsea has been working with Bankrate since the beginning of 2020. She’s committed to helping students navigate the high cost of college as well as simplifying the maze of student loans.

The Bankrate promise

More details

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity ,

This article may include some references to products offered by our partners. Here’s how we make money .

The Bankrate promise

Established in 1976, Bankrate has a proven track history of helping people make smart financial choices.

We’ve maintained this reputation for over four decades by simplifying the process of financial decision-making

process, and giving people confidence in the decisions they will do next. Bankrate has a very strict ,

You can rest assured that we’ll put your interests first. All of our content was written by and edited by

They ensure that what we write will ensure that our content is reliable, honest and trustworthy. Our loans reporters and editors concentrate on the points consumers care about most — the different kinds of loans available as well as the most favorable rates, the best lenders, the best ways to pay off debt , and more . This means you can feel confident when making your investment.

Integrity of the editorial process

Bankrate has a strict policy standard of conduct, which means you can be confident that we’re putting your interests first. Our award-winning editors, reporters and editors create honest and accurate information to aid you in making the best financial decisions. Our main principles are that we value your trust. Our goal is to offer readers accurate and unbiased information. We have standards for editorial content in place to ensure that happens. Our editors and reporters thoroughly verify the truthfulness of content in order to make sure the information you’re reading is true. We maintain a firewall between our advertisers and our editorial team. The editorial team of Editorial Independence Bankrate does not receive direct compensation by our advertising partners. Editorial Independence Bankrate’s editorial staff writes in the name of YOU as the reader. Our aim is to provide you the best advice that will help you make smart personal financial decisions. We follow strict guidelines in order to make sure that the content we publish isn’t influenced by advertisers. Our editorial team receives no any compensation directly from advertisers and all of our content is checked for accuracy to ensure its truthfulness. Therefore, whether you’re reading an article or review, you can trust that you’re getting credible and dependable information.

How we make money

There are money-related questions. Bankrate can help. Our experts have helped you understand your finances for more than four decades. We are constantly striving to provide our readers with the professional advice and tools needed to make it through life’s financial journey. Bankrate adheres to strict standards , so you can trust that our content is honest and reliable. Our award-winning editors, reporters and editors produce honest and reliable content to help you make the right financial choices. The content we create by our editorial team is factual, objective, and not influenced through our sponsors. We’re honest about how we are in a position to provide quality content, competitive rates and useful tools to our customers by describing how we earn our money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and services or through you clicking specific links on our website. So, this compensation can impact how, where and in what order products appear within listing categories, except where prohibited by law. This is the case for our mortgage or home equity products, as well as other products for home loans. Other factors, such as our own website rules and whether or not a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include details about every financial or credit product or service.

After you’ve paid the final payment for an , you will need to get you a title document from the lender to prove you legally own the car. The title is also an important document if you end up selling your car in the future down the road. What is An auto lien is a document that proves the car is in many instances, your lender. In a lot of ways it is similar to a lien on your car is like a property lien on your home. With a lien in place it is the lender has rights to the vehicle until you have paid off the amount you borrowed, as well as fees and interest. Once your loan is paid in full you can remove the lien from your car title is lifted, and the title can be transferred to you. At this point, the legal ownership of the car passes from your lender to you. How to get your title once you have paid off the car loan Once you pay off your auto loan, the lien holder has to notify your state’s Department of Monitor Vehicles (DMV). It can be done electronically or submit specific documents required by the state. In either case, they’ll inform the state that you no longer carry an outstanding amount due on your loan and that you are only the owner of your vehicle. « After you’ve paid off your auto loan, you’ll have an « unconstrained and undisputed » vehicle title, meaning you are now the sole owner of the vehicle, » says Julie Shinn, vice president for lender administration at RateGenius. « Anytime there are ownership changes, you have to update the title. » The title change process varies by state The process of getting the title for your car that you have paid off depends on the laws of your state. Some states manage the whole process, while others need you to perform some grunt work. According to Shinn, your lender will provide you with an obligation to file a lien release in states which require you to apply for your title. This includes formal documentation that the loan has been paid in full. Then, you’ll bring these documents to the state DMV for an updated title in your name only. In other states, once the DMV is notified, they will automatically mail you the title to your vehicle with no effort on your part. To learn the process in your state, visit your state’s DMV website . How long it takes to receive a title following loan payoff Shinn says there are states in which you have to file paperwork for the title of your car in your name. You could expect to receive your new title anywhere from two to six weeks after filing the necessary paperwork. Since every state’s processing times are different so the process can be longer or shorter. Nishank Khanna, a CFO at Clarify Capital, suggests that states with DMVs which mail auto titles electronically could take less time, usually between 15 and 30 days. However, processing and mail time can drag things out therefore, be sure to contact them via phone or email, or even an in-person visit if you feel like that it’s been a long time. The final considerations regarding liens While it’s common for you to be able to put a lien on your vehicle, there are some key details to remember. For instance, a lien on your vehicle could (or at least) make selling your car more difficult according to Brian DeChesare of Mergers and Inquisitions. This is due to the fact that you will need to pay off your car loan and obtain access to the title before you can sell your car and transfer the title to someone else. There may not be enough funds to pay for the car prior to the sale and if you do happen to owe more money than your vehicle is worth the amount, you’ll need to pay the difference. DeChesare is also of the opinion that the opposite is the case as well: You cannot receive the title for an automobile when buying from someone who has a lien until they’ve paid to buy the car. This can be an extremely complicated process. Some DMVs do have a lien search feature where you can find out who holds the title of the vehicle and get in touch with them directly. Due to these issues, many drivers opt to sell their cars that have an attached lien to their dealership when they upgrade. When you at a dealership, you’ll be offered the value of your trade-in car , which is likely to be greater than the amount you have to pay. The dealer will then transfer the title to the owner to allow it to transfer your vehicle to someone else and take you completely off the table. The conclusion If you’re hoping for your car’s title after you’ve paid off your auto loan it is possible that you will need to simply sit back and just wait. In some states, a visit to the DMV might be in your near future. In any case, you can be proud of having completed the repayment of your auto loan. Consider your future finances before deciding to upgrade to a new vehicle with a new loan particularly if your vehicle is still in good condition. Learn more

SHARE:

Written by an Author, Award-Winning Writer

Holly Johnson writes expert content on personal financial, credit card, loyalty and insurance 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 more.

The edit was done by 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 cost of college as well as breaking down the complexities that are associated with student loans.

Student loans editor

Related Articles Auto Loans 2 min read Oct 21 2022

Auto Loans 3 min read Oct 11, 2022

Debt 2 minutes read on Sep. 01 2021

Auto Loans 2 min read March 03, 2015

About

Help

Legal Cookie settings Do not sell my info

How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for the promotion of sponsored goods and services, or for you clicking certain hyperlinks on our website. Therefore, this compensation may impact how, where and when products are listed in the event that they are not permitted by law for our mortgage or home equity products, as well as other products for home loans. Other elements, such as our own rules for our website and whether a product is available within your region or within your self-selected credit score range can also impact how and where products appear on this site. We strive to offer a wide range offers, Bankrate does not include specific information on every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

|

(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved.

Here is more regarding same day payday loans online direct lender stop by our own site.