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How to Get Your Title After Paying Off Your Car Loan?

Swift Auto Title Services Team

Updated: Aug 21, 2023


Automobile Title Services Near Me
Automobile Title Services Near Me

Buying a new car can be a strenuous process, and the responsibility of managing all the payments can add more stress. That's why paying off a car loan feels like such a relief - it lifts a significant weight off your shoulders. However, your work isn't done once the loan is paid off. To obtain full ownership of the vehicle, there are a few more steps to follow.


Once you've fully paid off the car loan, you should receive a new title that lists you as the sole owner. While the loan is active, the lender is typically listed as a partial or full owner of the vehicle on the title.


Why Do You Need A Car Title?

A car title is an official document that identifies who holds the full rights to the vehicle. It also indicates who will be responsible for any issues in which the vehicle might be involved. Therefore, it's crucial to ensure your car title accurately reflects the current owner. You'll also need a car title for tasks like registering or selling the vehicle. Without the proper paperwork, you could face legal trouble. Acquiring a new title after paying off the vehicle's loan helps to ensure you won't encounter any significant issues during your ownership of the car.


How To Get Your Title After Paying Off A Car Loan?

The first step after paying off your car loan is to remove the lender's name from the title. You can apply for a new title that lists only your name as the owner. If you want to avoid long lines and cumbersome paperwork, you can reach out to Swift Auto Title. Our team will handle all your auto title needs efficiently and promptly.


Get A Lien Release There's a good chance that after making the final payment on the car, the lender will send you a lien release. This document officially releases their claim to the vehicle. If you haven't received a lien release from the lender, check with them to see when and how they will be sending it.


How Long Does It Take To Get The Vehicle Title? The time it takes between clearing your loan and receiving a new title from your Department of Motor Vehicles (DMV) can depend on various factors. If the lender is handling the process, it might take longer because they likely have a backlog of auto titles to process. However, if you're responsible for getting the new title, you may be able to receive it more quickly.

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