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BlueChips
LSU Fan
Member since Aug 2016
53 posts

Do I need physical title to my vehicle to trade in at a dealership?
I paid off my car last week. Was planning on purchasing a new one next week (yes I know, better to keep a paid off vehicle). I need a vehicle with better gas mileage for work - already reached out to dealers and have a deal negotiated. Plan was to go Monday to do the deal. Am I screwed since my vehicle title hasn't been mailed to me yet or is there a way to trade without title?


HarveyBanger
Member since Mar 2018
537 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
Yes there is a way. People trade in vehicles all the time with loans still on them. Those people don’t have titles. The salesman should be able to handle it


BlueChips
LSU Fan
Member since Aug 2016
53 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
Yes, if their is still a loan on the vehicle, the dealership works directly with the bank to get the title transferred. However in my case, the bank already released the title to the DMV in which they would then mail to me. We are in the limbo period where the bank is no longer involved and the DMV may or may not have put the title in the mail.

I do plan on calling the DMV tomorrow to check.


HarveyBanger
Member since Mar 2018
537 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
The dealership can work around that to get a deal done. Whether it be ordering a duplicate title or having you fill out a Power of Attorney


Jimmy2shoes
LSU Fan
The South
Member since Mar 2014
6739 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
might be electronic title and can be delivered very quickly. Bring it up to the dealkershiop. They can make out happen.


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30
Will Cover
Kansas Fan
Topeka, KS
Member since Mar 2007
35260 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
quote:


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Do I need physical title to my vehicle to trade in at a dealership? by BlueChips
I paid off my car last week. Was planning on purchasing a new one next week (yes I know, better to keep a paid off vehicle). I need a vehicle with better gas mileage for work


You probably already know this, but a paid off vehicle should be less expensive than a new vehicle with better gas mileage.

If you want a new vehicle, go for it. It’s your money. But I certainly wouldn’t want a new vehicle where I tote the note for the company’s benefit, even if you get a monthly reimbursement or allowance.


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61
BestBanker
LSU Fan
Around here.
Member since Nov 2011
12267 posts

re: Do I need physical title to my vehicle to trade in at a dealership?
Yes. It's simple. Use your gender preference before the name of your vehicle on the paperwork, Mr.,Mrs., X., etc.



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