When financing a used car, and applying to register it, do I need the title or is it held by the len

I just bought a used car, and financed it through a credit union. Next, I need to get the license plates. I do not have the title, but I do have the %26quot;Application for Title.%26quot; Does the credit union hold onto the title until I%26#039;ve paid off the loan, or do I need to somehow get the title in order to get my plates? I am in Missouri.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All you have to bring is the bill of sale from the place where you bought the used car from. They will also need proof of insurance. The title is held by lender until all loans are satisfied.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

The lender keeps the title %26amp; sends it to you when the loan is paid off.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All you need is the paperwork from the place you bought the car from - since you don%26#039;t need the title to register the car, just proof that you bought it, and proof of insurance.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

THE LENDER KEEPS THE TITLE.......................

CONTACT YOUR LOCAL (DMV) DEPARTMENT OF MOTOR VEHICLES OFFICE, THEY WILL BE ABLE TO ANSWER ANY AND ALL OF YOUR QUESTIONS AND AT THE SAME TIME YOU WILL BE GETTING THE CORRECT ANSWER TO YOUR QUESTION.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All the posters above aren%26#039;t giving you the right info because they don%26#039;t read the questions... Don%26#039;t answer the question if you don%26#039;t know the correct answer...

You are in Missouri, which is a Title holding state. What this means is that when you took out the note on the auto at the credit union, they (technically the state) will attach a lein to your vehicle. You will then givethe title and title application to the people at the license bureau who will send it all off to the state. Here%26#039;s the important part....

The state will send you the title back in your name with a Lein attached to the front.(thus the %26quot;title holding state%26quot; part) You keep this until you pay the loan off, then the Credit union will send you a Lein Release. You attach this to your title and file it away until you are ready to sell or trade, or send it off to get a new title with no lein attached.

The short answer to your question is that the dealer or person that sold you the vehicle is responsible for handing you the title with your paperwork, and you should have it by now... Sometimes the dealer will hold it if he is waiting on something from you(i.e. title to your trade-in, proof of income, etc...)

If the dealer hasn%26#039;t given you the title and you don%26#039;t owe him any of these loose ends, give him a call and ask for your title...