payoff car title what gives?

len125 · 04-05-2024, 01:35 PM

i hear conflicting accounts...i have paid off my car, have payoff notice in hand with the title...do i or do i not have to go to the DMV and take the GM Lineholder off the title and notify the insurance company? or what? i was just going to put the title and payoff letter in a file at my house and thats it...any experience?

hrpiii · 04-05-2024, 01:47 PM

Here in Indy, once you pay the vehicle off, the DMV sends you the title with your name on it and no others/lean holders on it. If there is no other names on the title other than yours... the car is Officially Yours... drive and enjoy.

dpevans · 04-05-2024, 01:51 PM

According to Maryland BVM you take it in they will issue a "lien Free" title. I would google and make sure you have all the correct info before you go to the BMV. I assume most states are like this.

KC64 · 04-05-2024, 01:57 PM

When they sent the title they should have signed it with date of release of lien on the title. You do not have to do anything if you do not want to, if you want a clean/er looking title you can go to the tax office and pay for a title in your name without a lien on it. At least that is the show in Texas. Congrats!!!

Rogueleader_92 · 04-05-2024, 02:19 PM

In Utah the DMV sends a title to the lien holder with the lien holders info on it. When I paid my 2010 off it was sent to me with the lien holder portion signed off as to being settled, I got no "payoff notice". I then just took it to my DMV and they reissued me the lien free title, didn't cost me anything or if it did the price was so low I don't remember it. At that point I just called my insurance Broker and told him to take the bank off the insurance.

As for just keeping the payoff notice with the title, I'd recommend just doing like I did and going to the DMV to get it officially taken off, if you lose the notice/title (fire, theft, misplaced, ect.) and need to get it reissued it would be better/easier if you don't also have to get your old finance company to issue you another notice.

Finally, congrats on the payoff, now start saving those payments so you can buy the next one in cash, free and clear and not have to worry about a lien on the title at all.

knighti2 · 04-05-2024, 03:11 PM

Im sure it depends on each states level of bureaucracy but here is VA.

I have bought several cars with both USAA and GM as banks. I have not received a payoff quote from either. I looked at my account online for USAA and in the app for GM at whatever the payoff amount was. I sent that to them and with in about 2 weeks I had title with NO LIEN on it.

Enjoy your car.

clyde · 04-05-2024, 04:28 PM

https://mva.maryland.gov/about-mva/P...27300-18T.aspx

Deacon Blues · 04-05-2024, 05:52 PM

In NYS, when I've paid off a car I get a letter from the lienholder acknowledging closure of the loan, and the DMV sends a new title roughly within a few days of that.

dpevans · 04-05-2024, 08:54 PM

Quote:

Originally Posted by KC64

When they sent the title they should have signed it with date of release of lien on the title. You do not have to do anything if you do not want to, if you want a clean/er looking title you can go to the tax office and pay for a title in your name without a lien on it. At least that is the show in Texas. Congrats!!!

Not in Maryland, a paid off vehicle needs a title transfer to show a clear title. Anything to get that extra 20 bucks for a title transfer.

olrocker · 04-05-2024, 08:57 PM

In Ohio all you have to do is send the bank the last check and wait for your title in the mail. Nothing else needs to be done.

len125 · 04-06-2024, 07:09 AM

thanks for all the replies!

Allez · 04-06-2024, 09:35 AM

Went through this with my Camaro in Maryland a couple of years ago. See Clyde's link above

You need the original (red) Maryland Notice of Security Interest Filing and your original title. I also submitted the Lien Release letter.

I did it through the mail, but it took 3 tries because I didn't realize they needed the Notice of Security Interest Filing - probably would have been less confusing if I did it in person so they could have told me exactly what I was missing the first time.

And yes, you need to contact your insurance company once you have the clear title.

knighti2 · 04-07-2024, 08:56 AM

Quote:

Originally Posted by Allez

Went through this with my Camaro in Maryland a couple of years ago. See Clyde's link above

You need the original (red) Maryland Notice of Security Interest Filing and your original title. I also submitted the Lien Release letter.

I did it through the mail, but it took 3 tries because I didn't realize they needed the Notice of Security Interest Filing - probably would have been less confusing if I did it in person so they could have told me exactly what I was missing the first time.

And yes, you need to contact your insurance company once you have the clear title.

Man and I thought VA had high levels of bureaucratic BS. Geez!!

04-05-2024, 01:35 PM	#1
len125 Drives: chevrolet camaro Join Date: Feb 2021 Location: maryland Posts: 148	payoff car title what gives? i hear conflicting accounts...i have paid off my car, have payoff notice in hand with the title...do i or do i not have to go to the DMV and take the GM Lineholder off the title and notify the insurance company? or what? i was just going to put the title and payoff letter in a file at my house and thats it...any experience?

04-05-2024, 02:19 PM	#5
Rogueleader_92 Drives: Chevy camaro, Chevy cruze Join Date: Sep 2023 Location: Utah Posts: 133	In Utah the DMV sends a title to the lien holder with the lien holders info on it. When I paid my 2010 off it was sent to me with the lien holder portion signed off as to being settled, I got no "payoff notice". I then just took it to my DMV and they reissued me the lien free title, didn't cost me anything or if it did the price was so low I don't remember it. At that point I just called my insurance Broker and told him to take the bank off the insurance. As for just keeping the payoff notice with the title, I'd recommend just doing like I did and going to the DMV to get it officially taken off, if you lose the notice/title (fire, theft, misplaced, ect.) and need to get it reissued it would be better/easier if you don't also have to get your old finance company to issue you another notice. Finally, congrats on the payoff, now start saving those payments so you can buy the next one in cash, free and clear and not have to worry about a lien on the title at all. __________________ (Previous, totalled, hit from behind 8/2023) Black 2010 Camaro 2LT, RS. 82K miles. Blue 2023 Camaro, 3LT, RS.

04-05-2024, 03:11 PM	#6
knighti2 Drives: 2SS M6 Hot Wheels #515 Join Date: May 2020 Location: Virginia Posts: 104	Im sure it depends on each states level of bureaucracy but here is VA. I have bought several cars with both USAA and GM as banks. I have not received a payoff quote from either. I looked at my account online for USAA and in the app for GM at whatever the payoff amount was. I sent that to them and with in about 2 weeks I had title with NO LIEN on it. Enjoy your car. __________________ Rotofab, Soler 87mm ported TB, Kooks headers / green cats, MSD wires, flex fuel Stock intake (no porting) and stock NPP exhaust.

04-05-2024, 04:28 PM	#7
clyde Drives: broken Join Date: Aug 2009 Location: DC Posts: 186	https://mva.maryland.gov/about-mva/P...27300-18T.aspx __________________ clyde Team WTF?! what are you gonna do? :dunno:

04-05-2024, 08:57 PM	#10
olrocker Drives: People crazy with my sexiness Join Date: Jun 2023 Location: Northeast Ohio Posts: 533	In Ohio all you have to do is send the bank the last check and wait for your title in the mail. Nothing else needs to be done. __________________ Purchase order submitted on 6/23/23 Received and purchased 9/8/2023 2024 2SS 6MT coupe Sharkskin/Light gray Moonroof/Navi/NPP/Mag Ride/Red Brake Calipers Gray painted split spoke wheels Illuminated footwells/illuminated bowtie

04-05-2024, 01:47 PM	#2
hrpiii AKA "Beefcake" Drives: 2023 ZL1 Sharkskin Join Date: Oct 2009 Location: Indy Posts: 8,530	Here in Indy, once you pay the vehicle off, the DMV sends you the title with your name on it and no others/lean holders on it. If there is no other names on the title other than yours... the car is Officially Yours... drive and enjoy.

04-05-2024, 01:51 PM	#3
dpevans Drives: 2024 Riverside Blue 2SS 1LE Join Date: Mar 2016 Location: Fort Wayne, IN Posts: 1,211	According to Maryland BVM you take it in they will issue a "lien Free" title. I would google and make sure you have all the correct info before you go to the BMV. I assume most states are like this.

04-05-2024, 01:57 PM	#4
KC64 Gray Ghost Drives: 24 Camaro 2SS Loaded Join Date: Feb 2024 Location: SE Texas Posts: 87	When they sent the title they should have signed it with date of release of lien on the title. You do not have to do anything if you do not want to, if you want a clean/er looking title you can go to the tax office and pay for a title in your name without a lien on it. At least that is the show in Texas. Congrats!!!

04-05-2024, 05:52 PM	#8
Deacon Blues Drives: 2024 Camaro 1SS M6 Join Date: Nov 2023 Location: Western NY Posts: 170	In NYS, when I've paid off a car I get a letter from the lienholder acknowledging closure of the loan, and the DMV sends a new title roughly within a few days of that.

04-06-2024, 07:09 AM	#11
len125 Drives: chevrolet camaro Join Date: Feb 2021 Location: maryland Posts: 148	thanks thanks for all the replies!

04-06-2024, 09:35 AM	#12
Allez Drives: 2016 Camaro 2SS Join Date: Jun 2016 Location: Maryland Posts: 794	Went through this with my Camaro in Maryland a couple of years ago. See Clyde's link above You need the original (red) Maryland Notice of Security Interest Filing and your original title. I also submitted the Lien Release letter. I did it through the mail, but it took 3 tries because I didn't realize they needed the Notice of Security Interest Filing - probably would have been less confusing if I did it in person so they could have told me exactly what I was missing the first time. And yes, you need to contact your insurance company once you have the clear title.

User Name		Remember Me?
Password