More vehicle surrender questions

[kydiv]

Finally, I think everything is in place to surrender my car to the loan company. My lawyer got them the paperwork that they said they never got, and all I have to do is call and make the arrangements.

But what do I do about the title and registration? Do I sign it over when they come get the car?

I just want to make sure I don't overlook something small but significant. No one really seems to have all the details and any help is appreciated!!!!!

[BassBoy]

Well, if you have a loan (lien) against the vehicle, you don't possess the original title anyways (most likely, you only have a copy of title), so there's nothing you need to do about that. As for the regeistration, there is nothing you need to do about that either if you are not driving the vehicle and waiting for pick-up. Just park it, and if during that time, the registration needs to be renewed, don't renew it. If you are continuing to drive the vehicle, then you'll need to renew the registration. Otherwise, there is nothing you need to "sign" over.

[SinkingFast]

Well, if you have a loan (lien) against the vehicle, you don't possess the original title anyways (most likely, you only have a copy of title), so there's nothing you need to do about that. As for the regeistration, there is nothing you need to do about that either if you are not driving the vehicle and waiting for pick-up. Just park it, and if during that time, the registration needs to be renewed, don't renew it. If you are continuing to drive the vehicle, then you'll need to renew the registration. Otherwise, there is nothing you need to "sign" over.

It really depends on the State who holds the Title, even when there's a loan/lien against the vehicle.

Where we used to live,......... Missouri was a Lien Holder State when we moved there. Recently, they changed to become a Title Holder State. Regardless of whether there was a lien on the vehicle or not, the owner of record held the Title. The Original Title.

So it just depends on the rules of the State.

If your State is a Title Holder State, KY, be prepared to sign over the Title at the time you return the vehicle. If they ask for it, you have it. If the vehicle is jointly Titled, be sure the other person is available as well. If the Lender doesn't need the Title, then don't worry about it.

Better to have it and not need it than need it and not have it.

[kydiv]

reponse

Yes, I have the title. There is a notation on it that the vehicle is under a lien; usually after you pay off a vehicle you can apply for a new title that won't have that statement on it.

[teddy26]

Well, if you have a loan (lien) against the vehicle, you don't possess the original title anyways (most likely, you only have a copy of title), so there's nothing you need to do about that. As for the regeistration, there is nothing you need to do about that either if you are not driving the vehicle and waiting for pick-up. Just park it, and if during that time, the registration needs to be renewed, don't renew it. If you are continuing to drive the vehicle, then you'll need to renew the registration. Otherwise, there is nothing you need to "sign" over.

So are you saying that if you do not use the vehicle and registration is due not to pay it? You are still in possession of the vehicle during the registration due date. Isn't it your responsibility to pay it not your lienholder? Especially if you file a "Release of Liability" after the registration's due date? Looking primarily for answer related to CA's law. Vehicle Registration cannot be included in a bk, can it?