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Trading in a car with a lien: Louisiana title question

Posted on 11/12/17 at 3:43 pm
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 11/12/17 at 3:43 pm
Does my finance company have the title??

I can’t find the dang thing.

ETA: I am obviously a poors. Sorry.
This post was edited on 11/12/17 at 3:44 pm
Posted by Taffeta
Baton Rouge, LA
Member since Dec 2012
1009 posts
Posted on 11/12/17 at 3:45 pm to
Yes
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 11/12/17 at 4:00 pm to
Thank you
Posted by shotcaller1
Member since Oct 2014
7501 posts
Posted on 11/12/17 at 4:26 pm to
Clearly you're not perfect if you didn't purchase your car cash
Posted by CoachChappy
Member since May 2013
34339 posts
Posted on 11/12/17 at 4:47 pm to
A lien on a car? What the hell did you do?
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 11/12/17 at 5:37 pm to
Financed vehicle.

Maybe I’m not asking this correctly.

I have a car loan on a vehicle I’m considering trading in. I figured I need to bring title to the dealership but I can’t find it. I’m thinking I may not have it because I don’t own it outright.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59454 posts
Posted on 11/12/17 at 5:39 pm to
Lien holder will have it.
Posted by Twenty 49
Shreveport
Member since Jun 2014
21536 posts
Posted on 11/12/17 at 5:41 pm to
Yep, your lender is likely holding the title.
Posted by SilverStallion
Member since Aug 2017
1999 posts
Posted on 11/12/17 at 5:43 pm to
Your finance company has your title since they own the vehicle. When the vehicle is paid off, they mail you the title since you now own the vehicle.

If you trade it in and still owe on it, the finance company will mail the title to the dealership once the transaction is completed for a paid off vehicle.
Posted by tiger chaser
Birmingham Ala
Member since Feb 2008
7721 posts
Posted on 11/12/17 at 6:09 pm to
Dealership will pay off balance at closing. Need to know what the payoff is
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 11/12/17 at 6:39 pm to
Thanks all
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