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In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
Automobile owners in Illinois were first required to register their vehicles with the Secretary of State's office in 1907, paying a one-time registration fee of $2. Registrants were issued a numbered aluminum disc to place on their dashboard, but they had to provide their own license plates.
The National Motor Vehicle Title Information System (NMVTIS) is an electronic system that gives valuable information about a vehicle's condition and history. NMVTIS allows consumers to find vehicle information such as title data, most recent odometer reading, history of make and model, and theft records, [1] but not maintenance or repair history or information about manufacturer recalls. [2]
The Secretary of State Police of Illinois is a statewide police force, established in 1913; it is responsible for enforcing the laws of the Illinois Vehicle Code such as regulating businesses involved with the sale of motor vehicles and vehicle parts. Its main purpose is to protect consumers against fraud through adherence to state statutes.
Title/lien info: Depending on the state DMV, you may get title and lien information on the vehicle. Dealer scorecard: This evaluates dealers’ pricing, transparency and responsiveness.
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