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How do I get the hypothecation removed from my car's registration certificate once I'm done paying my loan?
My friend says this is the next step to take once I'm done financing my car. How does this process work?
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“First and foremost, you will need to get proof from your lender that you have paid off your auto loan. Then you will need to submit this proof to the appropriate local government office (i.e., the DMV or RTO) and fill out any forms, if necessary.
This process usually takes about 30 days or so to complete, and when you’re finished, you will be the legal owner of your car.
“
View full answer
- Gregory R.
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