Lien-free title after car loan paid off?

Log Out | Lost Password? | Topics | Search | Who's Online Contact | Register | My Profile | SO home | MOL home

Thread Originator Last Poster Posts Pages Last Post   Closed: New threads not accepted on this page

Author Message   jasper Citizen Username: Jasper Post Number: 381 Registered: 7-2001 Posted on Wednesday, January 18, 2006 - 10:59 pm:        We just finished paying off a car loan, and received a letter from the bank stating that we should submit the enclosed signed and stamped vehicle title confirming that our loan is paid off to the DMV and they will issue a lien-free title in our name alone. I don't remember doing this with our old car. Does anyone know if we have to do this? Doesn't the title with the signed off lein-holder suffice? If we do get a new title from the DMV, will we have to pay another fee? The fee shown on the current title is $40. I really don't feel like standing in line and having to pay again. I don't even know where the nearest (or most efficient) DMV office is!   las Citizen Username: Las Post Number: 822 Registered: 10-2003 Posted on Wednesday, January 18, 2006 - 11:06 pm:        Like you I just received the letter and stamped title. The MVS website states you have to send a notarized letter from the lien holder stating the loan is paid off. I called Trenton, they said mail the (unnotarized) letter and title and they'd send you a new one. There is no form online, nor did it state there was a fee. I sent it in last week. I'm waiting...   jasper Citizen Username: Jasper Post Number: 384 Registered: 7-2001 Posted on Wednesday, January 18, 2006 - 11:30 pm:        Thanks las. I'll check the website for the address. I'll also make a copy before I send it in case it gets "lost".   las Citizen Username: Las Post Number: 823 Registered: 10-2003 Posted on Wednesday, January 18, 2006 - 11:33 pm:        And congratulations on paying off your car!   Ace789nj Citizen Username: Ace789nj Post Number: 206 Registered: 2-2005 Posted on Thursday, January 19, 2006 - 9:11 am:        What a good feeling, that last payment. IIRC, my last check's memo said something like "take that you fu***rs!"   jasper Citizen Username: Jasper Post Number: 386 Registered: 7-2001 Posted on Thursday, January 19, 2006 - 11:05 am:        Thanks. Now we need to keep our other (12-year-old) car running for another couple of years so we have a break before starting up a new round of car payments...