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a kennedy

(32,111 posts)
Thu Jul 22, 2021, 11:45 AM Jul 2021

Wondering, how do I get the finance company name off my car title??

Made the last payment before the actual time frame of original contract, and now want to get the name off the title, how do I do it?? Tried calling the financial company and there’s at least a 30 minute wait time because I’m number bazillion in the waiting line. Called the dealership and they said call the finance company…….anyone know how to get this done?? Or guess I’ll call finance company and just make sure my phone battery is at maximum strength. 😡.

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Wondering, how do I get the finance company name off my car title?? (Original Post) a kennedy Jul 2021 OP
Fin company kozar Jul 2021 #1
After the finance company releases the lien, your State DMV can issue a title in your name. 33taw Jul 2021 #3
I've always paid mine off early, cloudbase Jul 2021 #2
You need a lien release from the finance company. It typically takes 2-3 weeks or so. unblock Jul 2021 #4
They should send you the title with the release signed and dated. Kota Jul 2021 #5
In Minnesota the car's owner gets the title not the finance company dflprincess Jul 2021 #9
Give 'em 6 weeks. If not, call state 3Hotdogs Jul 2021 #6
Will your insurance company have better luck? question everything Jul 2021 #7
The finance company will send you a release letter dflprincess Jul 2021 #8
Yes Randomthought Jul 2021 #10

33taw

(2,818 posts)
3. After the finance company releases the lien, your State DMV can issue a title in your name.
Thu Jul 22, 2021, 11:53 AM
Jul 2021

(most states).

cloudbase

(5,748 posts)
2. I've always paid mine off early,
Thu Jul 22, 2021, 11:53 AM
Jul 2021

and the finance company routinely lets my state DMV know, and they send me a title free of liens. It just takes a little time, perhaps a bit more these days.

unblock

(54,157 posts)
4. You need a lien release from the finance company. It typically takes 2-3 weeks or so.
Thu Jul 22, 2021, 11:55 AM
Jul 2021

Most of that time is just delaying so they're damn sure the last check doesn't bounce, combined with there being no real incentive for them to be prompt.

I just did this for my car. I now have the original title they were holding, but with a dated stamp and signature that says the lien was released.

dflprincess

(28,477 posts)
9. In Minnesota the car's owner gets the title not the finance company
Thu Jul 22, 2021, 08:26 PM
Jul 2021

The title does show the finance company as a lien holder. When the loan is paid, the company will send a letter showing they no longer have a claim on the vehicle.

question everything

(48,827 posts)
7. Will your insurance company have better luck?
Thu Jul 22, 2021, 04:08 PM
Jul 2021

After all the finance company has first priority if you total the vehicle?

dflprincess

(28,477 posts)
8. The finance company will send you a release letter
Thu Jul 22, 2021, 08:24 PM
Jul 2021

You can go to the state to get a new titlle or just keep the release with the copy of the title you currently have. When you trade in or sell the car just present both the title and the release letter. That's what i've done in the past.

Randomthought

(897 posts)
10. Yes
Fri Jul 23, 2021, 10:05 AM
Jul 2021

The finance company will send a release letter. I just keep the letter with the title in box at bank.

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