Car Title Loans

A car title provides proof of ownership for a given vehicle. Because of its value, it is vital to never leave the original car title in your car. If you want to provide proof of ownership, you may keep a photocopy instead.

In an automobile transaction, a car title is just as important as the Bill of Sale. Also referred to as a "pink slip," it provides proof of ownership for a given vehicle. It is vital as the buyer of a new vehicle to receive the car title before driving away. Unless you leave the car lot (this includes private driveways) with the car title, you are not the legal owner of the car. Though you have paid for the car, there is no real proof of your owning it.