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Sometimes, signing over a car title can be more difficult, especially if the vehicle belongs to deceased owners or there's a lien on the vehicle. Here are a few unique situations: Signing Over a ...
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 ...
3. Set Up an Escrow Account for the Vehicle. An escrow service will hold your money and the car title while it manages the buyer’s car payment collections. This might be the most convenient ...
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.
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]
A car title loan, or “pink slip loan,” allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as ...
Front and rear plates are required on most vehicle types, with the exception of motorcycles, motor-driven cycles, and trailers. Plates were issued annually until 1979; multi-year plates have been issued ever since. Plates belong to vehicle owners, so they can be transferred from one vehicle to another.
A car title loan is a secured small loan, usually for 25 to 50 percent of your vehicle’s value. These types of loans tend to be much more expensive than conventional personal loan options, even ...