Prologue: I bought a used Mini on Friday.
I bought the Mini from a private individual, not from a dealer. He gave me the title and I had to go pay the city $10 to transfer it into my name. I was advised to keep the title document in a safe place. Fair enough.
But. I don’t remember ever getting a title to my previous cars once the loans were paid off. I sure don’t have a file which has titles to the MG, the Triumph or the T-Bird. Is my memory just junk, or is it common practice for lenders not to give them to their customer once they’re paid?
Anybody know whether I should have those documents?
I bought the Mini from a private individual, not from a dealer. He gave me the title and I had to go pay the city $10 to transfer it into my name. I was advised to keep the title document in a safe place. Fair enough.
But. I don’t remember ever getting a title to my previous cars once the loans were paid off. I sure don’t have a file which has titles to the MG, the Triumph or the T-Bird. Is my memory just junk, or is it common practice for lenders not to give them to their customer once they’re paid?
Anybody know whether I should have those documents?
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