Comments on: The “I Paid Off the Car” Checklist

By: Mak

Mak — Thu, 01 Jan 1970 00:00:00 +0000

I found this blog by searching Google for “What happens when you’re done paying off a loan”. I see from your blog that there are no additional steps to do for that loan after it’s paid off… i was sure there would be, considering all the crap you have to do to get it. Maybe a “Good-bye!” or “Congrats” from the lender

Anyway, congrats on your loan payoff!

By: Syed

Syed — Thu, 01 Jan 1970 00:00:00 +0000

I’ll be done paying my car loan in November, can’t wait. But I hate that I’m already thinking of leasing a new car which will drain more money than my current car payment.

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

Thanks, Elliot!

By: Elliot

Elliot — Thu, 01 Jan 1970 00:00:00 +0000

Way to go. I think so many people forget that a car is an expense. That is a nice burden to not have to pay every month.

By: karla (threadbndr)

karla (threadbndr) — Thu, 01 Jan 1970 00:00:00 +0000

re titles – they should be registered with your state or county. You can request a certified or replacement copy for a nominal amount. When you get it, there should be a place that lists any lein holders. Be sure that area is blank. If not, contact the lein holder to get a lein release.

Funny story. Paid cash for my last car, using a cashier’s check from my credit union. The dealership paperwork showed that there was a lein to the credit union. So AFTER the title was processed, I had to haul it to the credit union to get a release for a lien that never existed in the first place.

Another reason to bank at a local CU – bet I couldn’t have taken care of it over a lunch hour if I banked with a national ‘chain’ bank.

By: PT

PT — Thu, 01 Jan 1970 00:00:00 +0000

I would call my State’s dept of motor vehicles and ask them. They should have a process for this.

By: Amy keller

Amy keller — Thu, 01 Jan 1970 00:00:00 +0000

I paid off my Saturn yrs ago and never received the title to the car. We are trying to get rid of car but need title to do so.The place we financed with is no longer around. What can we do???? It frustrating. Thanks

By: Mr. Plasectomy

Mr. Plasectomy — Thu, 01 Jan 1970 00:00:00 +0000

Congrats! You must feel fantastic and I bet it just got a little bit easier to breathe.

1. I would give it a nice car wash and wax, complete detailing, unless you live in the great white north of winter and then I would give a nice car wash to get rid of the salt.

2. Fill it up! I bet all of sudden your miles per gallon will increase with out that payment.

3. Check the insurance to raise my deductibles or even get rid of the collision coverage depending on the age of the car.

Congratulations to you again! Very inspired by your success!

By: J. Money

J. Money — Thu, 01 Jan 1970 00:00:00 +0000

Gooooooooooood work son! It’s a might fine day in your neck of the woods – soak it all up

By: Mrs. PT

Mrs. PT — Thu, 01 Jan 1970 00:00:00 +0000

Ummm….that was the second most awesome rap I’ve ever heard (first place goes to PTMoney’s PYF challenge rap, of course).