Can I file for a lost title if I have a title loan?
Asked by: Abbigail Stroman | Last update: March 11, 2025Score: 4.5/5 (3 votes)
Does a car loan have to be in the same name as the title?
If you decide to refinance, you can add someone's name to the loan, which also allows their name to be on the car's title.
How much is a lost title in Missouri?
Complete and sign an Application for Missouri Title and License (Form 108) (or Application for Duplicate Title (Form 93) for a boat title), pay an $8.50 duplicate title fee and a $6 processing fee. Mark the "Duplicate" checkbox on the form, and indicate the reason you are applying for a duplicate title.
What happens if I buy a car with a title loan on it?
Yes. It is no different than a bank loan with a balance. The dealer calls the title loan company and gets a payoff amount and factors that into the deal. After the deal is done, the dealer cuts a check to the loan company and gets the title to the trade-in car.
Do you have a title if you have a loan?
When you're financing a vehicle, it's common for the lender to hold on to the title until your loan is completely paid off. Forty-one states are title-holding states, so odds are your lender has your car's title if you're financing.
How To File For A Lost Title
How to register a vehicle without a title?
If you purchased a vehicle without a title, you may need to get a surety bond or bonded title when you register it with your state. Some states may also offer a temporary registration that converts into a full-ownership registration after several years, assuming no one claims the vehicle as rightfully theirs.
Can someone be on the loan but not the title?
"Loan Only" Buyers
“Loan only” buyers who want to be listed on the loan, but not on the title of the property. This type of arrangement is less common than “title only” buyers, where the buyer is listed on the title but not the loan.
Can you file for a lost title if you have a title loan?
It's important that you replace your car title because it demonstrates ownership of your vehicle. Luckily, you can easily inquire for a lost title even if you currently have a title pawn.
Is it illegal to sell a car with a title loan?
If you're trying to sell your car, but you still have a car title loan with a lender, you might be wondering if you can sell a car with a title loan on it. The answer is yes, but you have to make sure the car title loan is paid off before you will be able to transfer the title to the new owner.
How to get title back from title loan?
There are ways to get out of a car title loan, including paying off the loan in full, negotiating with the lender or refinancing with a lower-cost loan.
What do I need to file for a lost title in Missouri?
- An Application for Missouri Title and License (Form 108) Document, completed in full and signed, including the following: ...
- If applicable, a notarized Lien Release (Form 4809) is required.
- Submit an $8.50 duplicate title fee and a $6 processing fee.
How long does it take to file for a lost title?
Typically, there's a 15- to 30-day processing wait. However, some states provide instant car titles. Additionally, if you've waited more than 40 days for the replacement, submit an inquiry to your state's DMV.
Is a lost title bad?
Risks of buying a car without a title
If there's no legitimate reason for the title to be missing, it's not worth buying the car. Why not? Because any number of the following issues could come back to bite you after you pay for the vehicle and drive away: The vehicle is stolen.
Who holds title on car loan?
A lien is created as soon as you finance a car. In most states that means the lender holds the car's title and is considered the vehicle's legal owner until the loan is paid in full. The lien protects the lender and allows them to repossess the car if the borrower stops making payments.
Can I register a car if the loan is not in my name?
In general, registering a car that's not in your name isn't allowed as most states require you to show proof of ownership as part of their registration process. However, some states may allow you to register a vehicle that you don't own if you have the owner's approval.
Can you take over someone's car loan?
While most lenders frown upon auto loan assumptions, some lenders may allow a loan takeover under certain circumstances. Provided the new borrower fills out an application to see if they qualify to assume the responsibility of the vehicle and payments, they may essentially apply for a new loan.
What happens if you scrap a car with a title loan on it?
However, if the title loan company does have a security interest in your car, then they will likely be able to reclaim it and/or pursue you for the car if it's junked. And while many title loan companies will look to reclaim the car, others might not be as aggressive in doing so.
Can you sell a car without signing over the title?
Selling a vehicle without a title or proof of ownership is illegal in most jurisdictions, but there are ways you can sell a vehicle without one. If you owe money on the car, most lenders will require that you pay off the note before releasing the title. Some states offer ways to title an abandoned vehicle.
Can someone else pay off my title loan?
Ask Outside Sources for Help
A close friend, spouse, parent, or close relative can be asked if they would take over making loan payments on behalf of the borrower. If someone else would like to make payments in the borrower's place, they will simply need the account number and the account holder's information.
Can someone report a car stolen if you have the title?
ANSWER: The answer to your question is yes. If the vehicle is titled in a person's name, no matter whether they make the payments or not, they can report the vehicle as stolen. I hope this information helps you. Please let me know if you have any other questions or need further clarification.
Does a title loan have to be in your name?
You will not be able to apply for a title loan unless you have a title to a qualifying vehicle in your name. But, you can visit your local Department of Motor Vehicles (DMV) and request a title transfer if the title is not currently in your name.
What happens if you pawn your car title?
It allows you to take out your car's equity, while keeping the use of your vehicle. Once you've pawned the title to your car, you will be required to make monthly payments on the value of the title until you've paid back the amount of the pawn, often with additional interest.
Can you be on a car loan but not the title?
No, the bank want you both on the loan and the registration/title. It makes sense, they're lending money to you, but you're not the owner, if they are gonna shell out the loan, they can stipulate who has to be on the loan.
Can a title loan be transferred to another person?
The short answer? It's unlikely. Most loan contracts typically don't allow for transfers, and mainstream lenders generally refuse such a request.
Can a loan and title be in different names?
Can I title my car in someone else's name? Yes! You do have the option to title and/or register your vehicle in someone else's name.