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The original "pink slip" (or a replacement issued by the DMV, if the original is lost) is needed to transfer ownership of the vehicle, like during a sale. [10] The color pink was chosen to draw car owners' attention to it, to help prevent the document from being discarded with other non-essential paperwork. [10]
According to Section 6 of the Transfer of Property Act, the property of any kind may be transferred. The person insisting non-transferability must prove the existence of some law or custom which restricts the right of transfer. Unless there is some legal restriction preventing the transfer, the owner of the property may transfer it.
In 2007, the expectation was that the rate of car ownership would be increasing almost everywhere, and rise very rapidly indeed in countries such as China and India. [16] About ten years later, however, there is a trend from car ownership towards shared mobility , [ 17 ] [ 18 ] [ 19 ] as countries try to reduce congestion and pollution caused ...
Key takeaways. If you can qualify and afford the monthly payments, transferring your auto loan to a credit card with a 0 percent introductory APR period could help you save on interest.
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 ...
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Microstates such as San Marino, Andorra and Liechtenstein have high rates of car ownership. Countries and territories listed by the number of road motor vehicles per 1,000 inhabitants are as follows. Population figures are from the United Nations Statistics Division unless otherwise specified. [1]