Quote:
Originally Posted by ember1205
Huh? In "some" states? If you finance a car, the lender holds the title until it's paid off. "Some" states will have the title remain with the state instead of the lender, but a buyer will -never- see a title while a car is financed.
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Not true. NY is not a title holding state. When I lived there I had cars financed and I held the title, however the lienholder is listed on it so you can't sell the car without a release of lien document from the lienholder. So, while you hold the actual title, it is not a clean title.